Automating your savings and investments is one of the most important financial principles in personal finance. Automation takes away the decision process and literally makes it an automatic thing every month. Automation sets you up on the fast track to pay yourself first, another one of the most important financial principles to build long term wealth.
Money is the number one thing couples argue about according to this article in Business Insider. It’s also frequently cited as one of the top causes of divorce. It’s not money that is necessarily the problem—it’s the way we talk, think, and communicate about money.
As a little kid I can remember my grandparents reminiscing about the good old days and how much things used to cost. A pack of candy used to cost a nickel. A new car was a couple thousand dollars and they actually purchased their house for under $20,000.
In my Monday blog, I wrote about New Year’s resolutions and goal setting. I outlined 5 actionable steps that have helped me achieve my goals, and can help you reach yours too. With today being New Year’s Eve, I thought I would break down actionable steps in a little more detail.
It’s the week between Christmas and New Year’s. This is the time of the year where many people reflect back on the last 12 months and think about next year. This is the week New Year’s resolutions are born.
News media, bloggers, influencers, advisors, and others, are often guilty of creating hard and fast rules. Writing authoritatively, we declare no flexibility or exceptions. It’s a “my way or the highway” message.
Assuming a consistent rate of return, the more money you invest, the more rapidly your money grows. That’s a fairly easy principle to understand. The challenging part is finding a way to actually invest more money. This article will discuss six ways to do just that.
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Here’s a note on compound interest for all the young people, or those who can help shape young people. I’m writing this as an adult
Saving money is very important. I write all the time about the virtues of it. There’s a point though where you need to transition from
Friction and money aren’t often two words paired together, but there is a big relationship between the two. Friction is actually one of the most
Money is a part of life, whether you like it or not. There’s no way around it. That’s why it’s important to make sure you
