I’ve noticed something in my neighborhood and other areas of town in the past week that I’ve never seen before. Today is November 16th, and there are Christmas decorations already up. Not just a house or two, but several houses.
I used to finance cars. I thought that’s what you did with cars, so I followed along. I really didn’t think twice about it to be honest. I’ve changed my way of thinking over the years though.
I was talking with a friend of a friend a few weeks ago. He and his wife both work good jobs and make a decent salary. They’ve got a couple young kids not quite school age yet. Let’s call them Sam and Trisha.
Most people equate shopping to buying things like clothes, cars, and electronics. It’s exciting, fun, and cool. When people think of saving and investing, words and phrases like “boring”, “long term future”, and “I’m becoming my parents” comes to mind. The future seems so far away, while buying cool stuff is right now.
I read an article this week about a young guy who became a millionaire only a few short years after being broke. He was disciplined, worked hard, and spent wisely. He focused on reducing his spending and finding ways to make more money. It was a great story of how fast someone can turn around their financial well-being.
Everyone has to start somewhere. Take a basketball star for example. He wasn’t born hitting game winning shots in the NBA Finals. He first had to learn how to dribble a basketball, shoot, pass, and play defense. He played in youth leagues, summer camps, and probably took thousands of extra shots on his own.
In my opinion and experience, having the right mindset is one of the most critical factors to success. It’s the foundation of our actions; it all starts with the way we think about things. Henry Ford wisely said: “Whether you think you can, or think you can’t, you’re right.”
You don’t have to reinvent the wheel to be good with your money. I like to look in unlikely places for guidance. Ever notice how
There’s a misnomer that we need all the information to start something. Information is good, but you don’t need to know everything right from the
There’s a new argument in the rent vs buy debate. It’s that housing costs (for homeowners) are infinite, while the cost to rent is finite.
If you’ve ever read my book or blog, you know I’m a huge proponent of keeping an emergency fund. Things go wrong and it’s critical