A few weeks ago the great Mike Krzyzewski announced next year would be his last as the basketball coach at Duke University. “Coach K” as he’s called, has been at Duke for over 40 years and is arguably the greatest college basketball coach of all time. John Wooden fans would probably have something to say about this, but it would be a spirited debate.
For new investors especially, it can be intimidating to start investing. One of the myths I write about in The 12 Money Myths You Should Ignore is that investing is only for the wealthy. In that post I write about the stereotypes of wealth and investing—images of yachts, helicopters, and 10,000 square foot mansions. While it’s true that rich people do invest, it’s also true that anyone can invest.
A few weeks back I published a post about making your own coffee titled Brewing Your Own Coffee: Can it Really Make You a Millionaire? One of the biggest clichés in personal finance is the idea that making your own coffee can make you a millionaire, or at the very least, save you a lot of money.
Financially free or debt free? Are they the same thing or is one better than another? Do you have to be debt free to be financially free? These are questions I hear a lot, and I think there’s a lot of confusion between the two.
A couple weeks ago my wife called me on a late Friday afternoon to tell me the warning lights on the car dashboard were red. I don’t know much about cars, but I know that’s not good. Unfortunately, she wasn’t just down the street or a few minutes away where she could quickly drive to a local mechanic and meet me there. She was about two and a half hours away in a town called Valencia.
One of the hot topics of late is inflation. Many experts are predicting we’re going to see inflation, hyperinflation, or even stagflation. A white hot real estate seller’s market, increased printing of money, and a rise in the cost of goods like fuel and groceries have all contributed to these conversations. It’s impossible to predict what’s on the horizon, but the clues are certainly out there that more inflation is coming.
We all have the same 24 hours in a day. Yet, we all use our time differently. Ultra-high achievers get more done in less time and seemingly create more hours in the day. Others flounder about the day and get almost nothing done. Even worse, some of these flounder-ers (is that even a word?) then complain about how they have no time (one of my pet peeves).
As I write this post early in the morning, coffee is being brewed in the house. Every weekday night my wife sets up the coffee pot to start brewing the next morning so that it’s ready when she wakes up. I personally don’t drink coffee but she has a cup every morning. I don’t have anything against coffee, I just never got into it.
I normally write my blogs a few weeks ahead of time. That way I’ve always got posts ready to go. The original first sentence of this post was “Bitcoin is surging.” Oops, it’s plummeted the past few weeks so I have to scratch that sentence! But that doesn’t change the message I’m trying to relay.
I’ve noticed a unique phenomenon in personal finance. I don’t know if it’s natural human tendency, or something that has developed over the years with more opportunity to take out debt. What I’ve noticed is that a lot of people aren’t really impacted by percentages like they are by actual dollar amounts.
“If only I had invested in Amazon, Apple, or Nvidia 15 years ago” or “I knew I should have bought that property 20 years ago
Improving your money habits and systems is the best way to get ahead financially. Set up systems and follow them on a predictable basis. Sounds
Most people want answers. We want money advice to be universal and easily applied. If a billionaire or influencer does this or uses that strategy,
Debt is a tool. Ever heard this? Lots of personal finance experts have made this statement, but it kind of stops at that—leaving many wondering
