Tapping Into the Odd and Powerful Force of Momentum
I didn’t want to workout the other day. I was dead tired. Just couldn’t sleep the night before. But I did it anyway. I didn’t set any records—that’s for sure. But I did it. And I did the full workout. It was as if I had no choice. A mysterious force seemed to propel me […]
Profitable Ideas: Be Prepared, Raising Diligent Workers, and More
Weekly roundup of recommended personal finance articles from around the web. 1 in 4 Americans would need to use a credit card to pay a $1,000 expense (MarketWatch). Having an emergency fund does wonders for keeping stress at bay. Read also, Saving money is all about the ‘why’ To become better adults, look to the […]
Investor Live Fire Testing
I remember reading an article by a long-haul cargo plane pilot who described his job as hour upon hour of boredom interspersed with moments of sheer terror. That’s a pretty good description of the stock market. There are long periods when not much happens. And then there are times like these. A rough year last […]
Profitable Ideas: Be Like Buffett, Money Lies, and More
Weekly roundup of recommended personal finance articles from around the web. Would you trade places with Warren Buffet? (Owen Stoneking). A good piece about the value of time and experiences. Forget milk and eggs: supermarkets are having a fire sale on data about you (The Markup). Those frequent shopper cards don’t just save you some […]
To Invest Well, Ask The Right Question
Have you ever invested in a stock or mutual fund because it was recommended by a friend or relative? Or maybe you read about it on a financial web site or blog. Think about the investment choices you’ve made in your workplace plan. Why did you make those choices? One recent study found that when […]
Profitable Ideas: Puppets on a String No More, Know Your Dough, and More
Weekly roundup of recommended personal finance articles from around the web. Our desires are being manipulated (Becoming Minimalist). Some good ideas for taking back control. Raising a red flag on colleges’ sports gambling play (Inside Higher Ed). “The risk of not only enabling but endorsing and encouraging gambling for [college students] is to target a […]
Two Steps Toward a Biblical Approach to Investing
As with most financial topics, there are biblical principles that should guide our investing, but many of the specifics are left to us to figure out, hopefully motivated by a heart to consider how a good steward would invest. Last week, we looked at some reasons to invest. This week, we’ll start to build a […]
Profitable Ideas: The Super Bet, A Financial Legacy Worth Leaving, and More
Weekly roundup of recommended personal finance articles from around the web. Record 50.4M American adults plan to water $16B on Super Bowl (Front Office Sports). Sports betting is becoming ever more normalized. I’m not a fan. See also, I treat people with gambling disorder — and I’m starting to see more and more young men […]
Why Invest?
Of all the many aspects of managing money, investing is arguably the most difficult. It can be intimidating and confusing. When the market falls, scary losses can pile up quickly. When it zooms, it can feel like everyone — everyone, that is, except you — is getting rich quickly. Is it even wise to invest […]
Profitable Ideas: This is Your Brain on Stuff, The End of Credit Cards, and More
Weekly roundup of recommended personal finance articles from around the web. Everything you can’t have (Collaborative Fund). “Your brain doesn’t want stuff. It doesn’t even want new stuff. It wants to engage in the process and anticipation of getting new stuff.” The vehicles we choose to drive (Becoming Minimalist). Come for the Harvey Mackay quote, then stick […]