Teach Your Kids About Money By Embracing These Three Roles
One of the best gifts we can give our children is to teach them how to use money wisely. In order to do that, it’s helpful to embrace three parenting roles. The Gatekeeper There are several parenting books that have helped me in my journey of being a dad, including one I’ve never even read. […]
Profitable Ideas: A Hard Truth About Investing, How to Safely Earn Nearly 10 Percent, and More
Weekly roundup of recommended personal finance articles from around the web. Nobody wants to tell you this (A Teachable Moment). A hard truth — doing the right things doesn’t guarantee success in investing. Timely tips for investors to deal with today’s worst challenges (Kiplinger). Some good reminders for times like this. 5 things to know […]
Fuzzy Math: What Constitutes a ‘Deal’?
Imagine you’re in a store thinking about buying a calculator that normally sells for $15 when a salesperson informs you the company’s other store, located 20 minutes away, has the same calculator available with a $5 discount. Would you make the drive? Now imagine the same situation with one exception: the calculator you’re considering normally […]
Profitable Ideas: Teaching Our Kids Contentment, Bitcoin Coming to 401(k) Plans, and More
Weekly roundup of recommended personal finance articles from around the web. Kids learn contentment from us (No Sidebar). Our kids are watching what we do and listening to what we say more closely than we might realize. Five money mistakes you can avoid to achieve financial freedom (Darius Foroux). Are you making any of these? […]
3 Essential Questions About Investing
Investing is arguably the most complicated and intimidating part of money management. And years like this one don’t make it seem any easier! To invest successfully, it’s important to control what you can and let go of the rest. Consider your answers to the following questions, each one of which focuses on a key investing […]
Profitable Ideas: Defining “Rich,” Fail-Proofing Your Budget, and More
Weekly roundup of recommended personal finance articles from around the web. Are you rich? How the wealthy are defined (US News). How would you answer that question? Retailers use psychology to influence your buying decisions, here’s how (World Economic Forum). What percentage of your typical grocery run do you think consists of impulse buys? 5 […]
It’s Amazing What You Can Get If You’re Willing to Ask
There are two general ways that we all spend money. There’s the stuff we buy infrequently, like cars and TVs. And then there’s the stuff we pay for every month, like the water bill and the cable bill. I have a passionate dislike of monthly bills and I try to avoid or minimize them as […]
Profitable Ideas: Your Brain on High Inflation, New Research on Money and Marriage, and More
Weekly roundup of recommended personal finance articles from around the web. How to adjust your brain for 8.5% inflation (Wall Street Journal). After enjoying a low-inflation environment for so long, it’s jarring to go to the gas station or grocery store these days. Here’s how to cope. Target-date funds work up to a point. So […]
Free Indeed
God paid a high price for you, so don’t be enslaved by the world. – 1 Corinthians 7:23 On this holy week, in which we remember Christ’s sacrifice and celebrate his resurrection, I’ve been thinking about the apostle Paul’s words above and how they might apply to our finances. What comes to mind when you […]
Profitable Ideas: When Kids Game the System, Decluttering More Than Stuff, and More
Weekly roundup of recommended personal finance articles from around the web. Why bribing kids backfires (Psychology Today). It’s important for kids to learn key life lessons early in life, but gaming the system is not one of them. Minimalism and decluttering are similar, but not congruent (The American Genius). A helpful distinction for those who […]