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Starting on the Road to Wealth
I’ve heard it said that wealth is a state of mind. There may indeed be some truth behind that saying, but when you go by the book being wealthy means having money or other monetarily valuable possessions. Take the Joneses, your neighbors who seem to have everything. They may have a lot of material possessions……
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355 Money Saving Tips
Like so many of my personal finance blogging peers, I believe that anyone can excel at managing their personal finances; I believe that anyone can become financially independent. Most people just need a little bit of advice and an occasional hand to hold. While I can’t necessarily hold your hand (hard to do over the…
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Debit versus Credit
You likely know the difference between using your credit card or your debit card, but do you know when it’s more appropriate to use your credit card rather than your debit card, or vice versa? The most obvious difference between using your credit card or your debit card is the way the funds are taken…
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The Rule of 72
I’m a huge fan of math tricks, especially when it makes solving complex issues just a little bit easier. There’s a great trick that can be used to easily figure out how long it will take compounding interest to double your investment: it’s called The Rule of 72. This is an easy trick. You simply…
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Fix Up Old Furniture and Save Your Funds
Today we’re featuring a guest post from moneybargainideas.com. In a difficult economy, there are many creative ways to save money that don’t necessarily require searching for discounts or clipping coupons. For example, do you have a beloved, but old chair that’s starting to look a little rough around the edges? Maybe a flea market find…
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What Would You Tell The Grad Student with A Loan Maturing Soon?
Ann R. writes: I have a 5 year fixed rate mortgage loan that will be maturing April 1, 2009. The current balance is $20,500 and the rate is 6.75%. I am no longer living in the property and have been renting it for the past three years (same tenants) and I resigned from my job…
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When Looking Forward Don’t Forget To Look Back
The start of a new year, new month or even a new day is a great time to look forward to what you want to accomplish. Do you remember the phrase “Carpe Diem” from that horribly depressing movie, Dead Poet’s Society? It means “seize the day.” There really is no better day than today to decide…
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Have You Made Your Financial Resolutions?
I spoke earlier about how it’s important to set personal finance goals. Today I’d like to expound on this idea a little. It’s absolutely important to sit down and make finance related goals, and what better time to do this than at the start of a new year? Of course if you’re going to sit…
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Are You Prepared for the New Year?
The start of a new year is a great time to not only reflect on the previous year but also to think about what you would like to accomplish in the upcoming year. It’s true that to many people a New Year’s Resolution is often nothing more than a wish-list of self-improvement and related goals…
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Are You Still Actively Investing?
The market has been more than crazy over the past several months. It’s a bit depressing to look at all of the losses that I’ve had, at least on paper, but I know that eventually it’ll all come back. Nonetheless it’s definitely scary out there for a lot of people. I’m interested to know how…
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Why Another Rate Cut Could Do More Harm Than Good
It’s clear that the root cause of the financial difficulties that we’re facing in the United States is not related to credit being too expensive. It’s quite the opposite in fact – credit is cheap right now but many banks are actually cutting back on lending. So what gives? Why are we sliding into a…
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Achieving Wealth and Prosperity
As a personal finance blogger I find it interesting to read other personal finance blogs not only to learn from these individuals but also to see how they perceive money and the world around them. You can always find links to some of my favorite finance blogs in my blogroll, but today I want to…