Over the past several years, I have consistently kept an emergency fund. I’ve been comfortable with about three to four months of expenses in the bank. My wife and I both have consistent sources of income so our strategy has been to hold smaller reserves and invest more aggressively.
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.
Over the past week, there’s been a lot in the news and social media about stock speculation. GameStop in particular saw their stock prices wildly fluctuate. Wall Street hedge funds, expecting the GameStop stock to fall, have been shorting the stock.
It’s natural to get down on ourselves now and then. We all have moments of negativity. Sometimes it’s a news story that gets us going, other times it might be something that happened at work, or it could be a financial issue that seems impossible to overcome.
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.
How many times have you bought something and then regretted it? Booked a trip and wished you didn’t a week later? Or thrown something away a month after buying it? On the opposite end, how many times have you regretted not purchasing something? Or wished you had gone on a trip?
Sounds counterintuitive, but sometimes it can actually be good to increase your spending. This seems like a strange concept and may seem contrary to what you’ve learned about personal finance.
Retirement is often portrayed as the holy grail. A wonderful utopia in a far out magical world. Something to work towards your whole life so you can finally relax in the very end.
We’re in the first week of 2021. This is the week those New Year’s resolutions are being put into action. Making the resolutions last week was easy, but this is the week we actually have to put our plans into action. Not as easy.
There’s a money evolution going on inside of you whether you know it or not. We are always learning and changing. Some people make productive
The power of compound interest is undeniable. Compounding starts off slow, followed by more slow progress, and then BAM! It’s off and running and your
Scarcity exists everywhere–with time, money, ideas, a general mindset about life, and a plethora of other things. The premise of this post is that scarcity
Financial Mistakes happen. As much as we try to avoid them, they will occur. Hopefully not twice, but that happens too. It’s something everyone has
