The topic of money doesn't come up that much, being a social taboo and all, but when you have to explain your spending habits as a frugal consumer it can create a few odd looks and perhaps a judgment by your peers as being cheap. Being frugal it's safe to say that, you're in the minority... Most people...
What's the difference between being rich versus being wealthy? Is there a difference and if so how can we separate the two similar concepts?
Being Rich
Rich is a current state of being that can happen overnight. For example: lottery winners, new found celebrities and even high payed professions such as doctors or lawyers belong in the category of...
I recently finished reading the 10 Roads to Riches by Kenneth Fisher and found it refreshing in the field of personal finance books that often repeat the same mantra. Kenneth's book takes a realistic approach and gives options on how the most effectively build wealth through ten different strategies.
Insightful, accurate, and educating are a few of the words...
Have you ever thought about becoming a billionaire? It's an astronomical number that most of us can't even wrap our heads around, but according toFortune Magazine, it's list of billionaires totaled 793 wealthy souls this past year. That's a pretty elite group so your odds aren't great.
In fact, your odds of being a billionaire are over one...
Have you ever had a love hate relationship? It may be with a person, an object, or perhaps a job... but what about the time value of money? Perhaps I'm a bit odd, but the time value of money and I have a unique relationship in which sometimes I love it... and sometimes I hate its guts,...
It's commencement time again and I'd like to write a short letter to all those recent college grads with big hopes and dreams and twinkles in their eyes for a bright future. In fact, I was you... almost two years ago already (wow time flies). Unsure of what the future would bring, but eager to start a...
So you've decided that you'd like a credit card, or you'd like to fatten your wallet a bit and add another one. If you're like to average American you'll have a whopping seven credit cards! If you're just starting out be leery of getting into credit card debt. I'm probably preaching to the choir, but I...
The career track as you know it is not a permanent condition of human life. It's barely three generations old.
Civilization has been around for maybe 8 millennia. And for 7.9 of those, "career track" meant working on the family farm and eventually inheriting it. That's if you were lucky and male. If you were female, it involved a lot...
Increasing your net worth is fairly straight forward. Lower your expenses and/or increase your earnings. There's only two ways to accomplish it. Although increasing your earnings has a much higher potential, the easiest way to start saving money is going to be through decreasing your expenses. For me, that means living like a poor person....
A personal finance quote ingrained in the American psyche (or at least in mine) was coined (pun intended) by the great Benjamin Franklin. Franklin noted that “A penny saved is a penny earned.” Franklin was smart in realizing the distinct difference, but there might even be more value in a penny saved than just one penny. ...
