MINDSET

House with large lawn. Should that house be paid off or money used to invest?

Should You Pay Off Your House Or Invest More?

It’s a great position to be in. All consumer debt has been paid off, or never existed in the first place. You’re doing well in your career, invest 10 percent or more of your income, and have plenty of savings in your emergency fund. You also own your own home and don’t plan on moving anytime soon. You’re at a point where you have a surplus of money coming in every month.

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The 80/20 Principle and Money

If I went to the store and saw oranges for three dollars a pound, I wouldn’t buy them. Oranges are normally around a dollar per pound and two dollars more per pound would probably shock my system. I might even drive to another store across town to find oranges at the price I’m used to.

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What If You Lost Your Job?

One of the most common fears for people in personal finance is losing their job. A job loss can happen for any number of reasons. Company down-sizing, poor performance, disruptions in the industry, reductions in state and/or federal funding, and countless other ways.

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Top 6 Reasons to Save Money

We hear the message all the time—save money. Although that message is frequently given, there’s rarely a reason or a why given behind it. For some people, it may be obvious why they are saving, but for others, not so obvious. A couple in their mid-30’s with a family of four has different reasons for saving than a 22-year old fresh out of college.

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A New Way to Think of Getting a Raise

I think when most people think of getting a raise or pay increase, they think of making more money at work. Maybe by getting a promotion and making more, or moving up a step on the pay scale. Or making more sales, getting a bonus, or even starting a business.

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Ramen and PB & J: Not the Only Way

There’s an idea in personal finance that for the average person to obtain wealth, they need to cut a bunch of things out. Maybe it’s because cutting spending is the lowest common denominator, or the easiest thing for people to relate to. I’ve frequently heard statements equivalent to a crash diet:

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What Are You Listening To About Money?

A little over a week ago I was at a baseball game between the San Diego Padres and Los Angeles Dodgers. I’m actually a diehard San Francisco Giants fan, I was at the game because my wife is a Dodgers fan and she wanted me to go. People always laugh when they hear about our baseball allegiances because the Giants and Dodgers are longtime rivals.

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