There is a lot of bad financial information out there. Whether it’s from a clickbait ad, a neighbor with hot stock tips, a headline grabbing article, or well-meaning family members—bad information is all around us. With bad information comes money myths. These are my top 12 money myths.
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.
Leveraging debt is a term thrown around often, especially when it comes to real estate investing. But what exactly does it mean to leverage debt and how can it help build your wealth faster? And why do so many people advocate leveraging debt while others warn us not to?
We all know the obvious things money can buy. Food, shelter, transportation, consumer goods, among other things. But what about the less obvious? These are five not so obvious things money can buy.
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.
My morning routine Monday through Saturday is eerily consistent. Wake up early, eat breakfast, read a few articles, and then get to writing before the rest of the day. I’m usually done by the time my family is out of bed.
Education is everywhere. There is formal education like college and graduate school, vocational schools, personal growth books, courses, seminars, and much more. There are so many choices—it can be confusing and overwhelming. Many people end up going to college but then stop their education after that.
The average car payment for a new car in the United States is $563 per month, with the average term 70 months according to a recent article on Lendingtree.com. That’s 70 months, or almost six years of $563 car payments. For a family with two cars, multiply that number by two and you’ve got $1,126 per month!
Americans have a lot of consumer debt. In my last blog about debt payoff systems, I cited a recent study by WalletHub that found Americans began 2020 in more than one trillion of credit card debt.
We have a lot of consumer debt in the United States. A lot. In a recent study by WalletHub, Americans began 2020 in more than one trillion of credit card debt. The same study indicated that the average credit card debt per household was almost $8,000. And that was down from 2019 numbers.
As we enter the second week of 2025, many of us are hyper focused on our 2025 New Year’s Resolutions. Whether it be health, wellness,
I don’t do crash diets, carb-free challenges, or quick weight loss bootcamps. If it’s not sustainable, it’s not for me. I also don’t take part
Money buys a lot of things. At its most basic–food, shelter, daily living items, etc. In the luxury areas–a really nice car, large home in
A week or two ago I was reading a post about retirees and their biggest regrets. One of the regrets was not investing enough and
