‘We Actually CAN Afford It!’
Sheila has long been an expert at living beneath her means. Even when she was making a relatively low salary and living in an expensive city, she never worried about not having enough. She always had money in the bank. Because she grew up as one of five kids with a stay-at-home mom and schoolteacher […]
Profitable Ideas: The High Cost of Giving Your Kids Too Much, The Best Use of Money, and More
Weekly roundup of interesting and helpful personal finance articles from around the web. Not everything gets easier (Liberty Wealth). Some good parenting advice related to the high cost of giving your kids too much. How much money do you need to make to buy a new car? (A Wealth of Common Sense). “Wealth is the […]
How I Found Financial Freedom
“God paid a high price for you, so don’t be enslaved by the world.” – 1 Corinthians 7:23 I’ll never forget the day my parents invited me home for a little chat. They had started to sense that all was not well, and they were right. I was in financial trouble—deep trouble. My credit card […]
Profitable Ideas: Doing the Work of a Lifetime, Everyday Kingdom Investments, and More
Weekly roundup of interesting and helpful personal finance articles from around the web. The only way to do the work of a lifetime (Tim Challies). Taking duty from drudgery to delight. It’s hard to kill the stock market (A Teachable Moment). The key to 95% of wealth creation. How food banks succeeded and what they […]
How To Truly Change Your Financial Life
Financially speaking, what are you trying to change? Are you trying to get out of debt? Earn more? Save more? Part of the process will probably involve gaining some new knowledge. And part of it will involve changing behavior. But getting to a better financial place isn’t just about knowledge and behavior. It’s also very […]
Profitable Ideas: The Cost of “Free,” How to Raise Money-Wise Kids, and More
Weekly roundup of interesting and helpful personal finance articles from around the web. Low cost is better than free (Daniel Egan). “Free” appeals to our senses, but it usually comes with hidden costs. How to make up lost ground if you got a late start saving for retirement (A Wealth of Common Sense). It isn’t […]
Life’s Biggest Financial Decisions — The Later Years
Out of all the many financial decisions we make, some matter a lot more than others. Last time around, we looked at the decisions that really matter when we’re relatively young (See Life’s Biggest Financial Decisions — The Early Years). Now let’s look at those that matter most as we get older. How you manage […]
Profitable Ideas: Misunderstanding Minimalism, A Triple Tax Break, and More
10 things you can do today to live more like a minimalist (Becoming Minimalist). “Minimalism isn’t about owning less than you need, it’s about owning exactly what you need.” The triple tax break you may be missing: a health savings account (NY Times). A deduction for contributions, tax-free growth, and tax-free withdrawals. What’s not to like? Generous […]
Life’s Biggest Financial Decisions — The Early Years
We make lots of financial decisions every day. However, over the course of our lives, there are about 10-15 decisions that really matter. How well we navigate them will make an especially big difference in whether we struggle with money or live with financial freedom and joy. As I describe the decisions, please keep a […]
Profitable Ideas: More Time for Taxes, Putting Colleges to “The Lasagna Test,” and More
Weekly roundup of some of the best personal finance articles from around the web. IRS extends tax return filing deadline to May 17 (Kiplinger). You have more time to file and pay any amounts owed for 2020. However, if you make quarterly estimated tax payments, the first installment for 2021 is still due in April. […]