Mark Twain wrote “I’ve had a lot of worries in my life, most of which never happened.” I’m not sure why people worry so much, but we do. I say “we” because I’m certainly not innocent of this either. And just like the Mark Twain quote, most of it has never happened.
Automating your savings and investments is one of the most important financial principles in personal finance. Automation takes away the decision process and literally makes it an automatic thing every month. Automation sets you up on the fast track to pay yourself first, another one of the most important financial principles to build long term wealth.
There’s a misnomer that the only way to be good with money is by spending less. While it’s true that many people who are financially successful are frugal, it’s not the only way. Frugality and spending less is a tool, but it’s not the only tool.
A million dollars used to be the end of the rainbow in personal finance. It literally meant that you were a “millionaire.” You had made it financially and would never have to worry about money again providing you maintained your spending habits that got you to a million in the first place. However, due to inflation, a million dollars today is not what it used to be. But it’s still a lot of money and a very worthy financial goal.
Those of us who watch sports know are a lot of clichés. If you listen to an athlete interviewed before or after a game, you’ll hear a lot of the same things: “We’re taking it one game at a time.” “I’m just going pitch by pitch.” “We have to execute and play our game.”
For several years now, I’ve had a slogan of sorts. “Win the Month.” In this article, I’ll be applying it to personal finances, but it translates to almost any area of life.
Alex is in his late twenties working for a marketing firm. Last year he made a little over 55,000 dollars, an increase of $7,000 from the year before. He hopes to make over 60,000 dollars this year after bonuses. Alex dutifully goes to work every morning and consistently gets good performance reviews.
Several times a week I walk my dog at a local park. I used to do a small loop a little over a mile. It was second nature to do the same loop every time I’d walk the dog. Gradually I began to extend the length of the walk.
In the summer, my family and I go to the beach a good amount. We’re lucky to live about 25 minutes from the coast so it’s an easy drive to go to the beach for a few hours. With two little kids, my wife and I have a system where I drop her and the kids off right near the sand so they can set up while I go find parking.
In my Monday blog, I wrote about New Year’s resolutions and goal setting. I outlined 5 actionable steps that have helped me achieve my goals, and can help you reach yours too. With today being New Year’s Eve, I thought I would break down actionable steps in a little more detail.
Over the weekend my wife and I took the kids camping to Anza Borrego State Park, about an hour and a half outside San Diego.
When people talk about money, they usually bring things up like budgeting, debt, retirement, interest rates, etc. Which are all important topics. Not too many
Leveraged debt. The very word strikes passion and controversy. There are two main camps: adamantly for it or against it. Very few people are in
I don’t know why, but the other day on the way to work I was thinking about this house that was listed in Pacific Beach
