Profitable Ideas: The Boring Path to $1 Million, Money Lessons to Teach Your Teens, and More
Weekly list of curated personal finance articles from around the web. The number one way Americans are becoming millionaires (Morningstar). It isn’t very exciting, but it does have the advantage of being effective. The most reliable car brands, according to Consumer Reports (Visual Capitalist). Not a ton of surprises here, except perhaps Porsche and BMW […]
How Successful Investors Talk, or Not
I had conversations with two investors recently that were very telling. The first conversation was with a guy in his 40s who invests his own money—for a living. That’s what he does. It’s how he provides for his family. It’s very unusual, and probably conjures up images of a day-trader, someone trying to sell positions […]
Profitable Ideas: Choosing What to Take In, Little-Known Ways to Protect Your Phone, and More
Weekly list of curated personal finance articles from around the web. Mindful consumption (Becoming Minimalist). Living intentionally in a reactionary world. How to sell your car in 6 steps (Clark Howard). If it seems intimidating, this step-by-step guide will help. Who was “i” without my iPhone? (The Gospel Coalition). Great first-person account of a digital […]
An Investor’s Got to Know His (or Her) Limitations
Fear finally caused me to stop. I was in Colorado, reconnecting with some long-time friends, one of whom is an experienced mountain climber. He had slowly driven us up a perilous-looking, narrow and rocky path cut along the side of a mountain. There were no guardrails to protect us from the sheer drop-off. Bouncing around […]
Profitable Ideas: Learning to Let Go, The Pros and Cons of Allowances, and More
Weekly list of curated personal finance articles from around the web. Helicopter money (The Contessa Counts). Letting go isn’t easy, but it’s so important. 31 years of stock market returns (A Wealth of Common Sense). To succeed as an investor, you have to stay with it. Do you spend money more like a millennial or […]
One Habit That Will Greatly Improve Your Finances
What if there were a single step you could take to greatly increase your sense of financial control and confidence, decrease your financial stress, make your marriage work better, free up money for generosity, increase your savings, and speed the process of getting out of debt? What if this single step were available to you […]
Profitable Ideas: Needless Stress, Becoming a “Financial Mutant,” and More
Weekly list of curated personal finance articles from around the web. The stress we needlessly bring into our lives (Becoming Minimalist). Some stress is unavoidable, but there’s a lot of consumerist stress we can do something about. Do I need to unfreeze my credit to shop for car insurance? (Clark Howard). Freezing your credit files […]
Where Are You Setting Your Hope?
I came across a new phrase that I really like in John Eldredge’s latest book, All Things New (which I highly recommend). He wrote about “shepherding our hope.” I’ve never thought about hope that way, that’s it’s something to be shepherded. This idea has the potential to very positively transform our relationship with money and what […]
Profitable Ideas: Buying a House for Your Kids, The Credit Score Date Night, and More
Weekly list of curated personal finance articles from around the web. Why your parents should buy you a house (Sherwood). I’m not sure I agree with all of this, but it’s an interesting thought exercise. How to ensure financial misery (The Best Interest). And by the same token, doing the opposite of all this should […]
How Serious Are You?
When Hal and Dee were in their mid-fifties, they found themselves with $50,000 of credit card and tax debt. That would have been bad enough, but they had been there before, which only made it worse. They had been riding a financial—not to mention emotional, spiritual, and marital—roller coaster for years. Repeating history Early in […]