Profitable Ideas: Ben Franklin on Money, Bill Gates on Money, and More
Weekly roundup of some of the best personal finance articles from around the web. 8 personal finance lessons from Benjamin Franklin (The Art of Manliness). “Don’t give too much for the whistle” and seven other money management tips from one of America’s founding fathers. What’s your theology of money (in 200 words or less) (The […]
Living “The Life That Is Truly Life”
Money is a tough enough topic for a lot of folks, but put the focus on giving and many people get really uncomfortable. So, feeling much like I’m stepping into a lion’s den, I’d like to inch my way into an honest conversation about generosity. Before you click away, let me just bottom-line my overarching […]
Profitable Ideas: An Investing Lesson From Sir Isaac Newton, “Frugal Hedonism,” and More
Weekly roundup of some of the best personal finance articles from around the web. Investors have been making the same mistake for 300 years (The Atlantic). Sir Isaac Newton was quite a scientist, but he made a legendary investment mistake that’s still all too common today. Leaving a legacy: why everyone needs an estate plan […]
Three Ways To Be More Engaged In Your Work
With Labor Day coming up, it’s an appropriate time to assess the state of your career. How are you feeling about your work? Does it give you an opportunity to put your skills to good use, to express your passions? Do you sense that you’re making a difference? I know that right now you might […]
Profitable Ideas: A Pandemic-Inspired Great Financial Reminder, Running in Place, and More
Weekly roundup of some of the best personal finance articles from around the web. Coronavirus makes emergency funds look like a great idea (Financial Planning). The pandemic is providing a good opportunity to shore up our financial habits and practices. Do you need to create or add to an emergency fund? Fractional shares expose Wall […]
The Most Overlooked Way to Save on Healthcare Costs
I realize this isn’t exactly a news flash, but healthcare is expensive. I saw a report recently that a 65-year-old couple will need to spend $295,000 for healthcare over the next 20 years of their lives. It was intended to be shocking news. However, that works out to about $1,230 per month, which is less […]
Profitable Ideas: Hard Money Lessons, So You Want to be a Real Estate Investor, and More
Weekly roundup of some of the best personal finance articles from around the web. The economy was grim, my dad walked out and every penny mattered: here’s what my childhood taught me about money (USA Today). This one is a wow. Every parent should read it. The “indirect” costs at college can involve nasty surprises […]
What You Have to Understand About Compounding Returns
You’re probably familiar with the concept of compounding returns — the idea that if you invest some money and it earns some money, those earnings will then earn money, and those earnings will then earn money, and on and on, eventually turning into a lot. For example, let’s say a young person was wise beyond […]
Profitable Ideas: What to Ask Before You Spend, Money Lessons Schools Don’t Teach, and More
Weekly roundup of some of the best personal finance articles from around the web. Consider what you gain before spending your hard earned money (Money Ning). Have any somewhat substantial purchases on your radar screen? Ask these questions first. Embrace fate before it embraces you (A Teachable Moment). Life is short. Make your decisions — […]
A Simple Step Toward a Solid Financial Future
An endless number of studies have documented people’s general lack of financial preparedness for their later years. As just one example, the Employee Benefit Research Institute (EBRI) says that among workers age 55 and older, 49% have less than $250,000 saved for retirement (30% have less than $50,000). No amount of finger-wagging lectures seems to […]