Profitable Ideas: Whether to Take a Gap Year, How We Got to Now, and More
Weekly roundup of some of the best personal finance articles from around the web. College students weigh costs of online classes or pausing their education during the pandemic (CBS Money Watch). For many students, the pandemic has made taking a gap year look more appealing. But going that route may come at a high cost. […]
It’s Amazing What You Can Get Just By Asking
Everyone has heard the advice, “It doesn’t hurt to ask.” But my experience has been far better than that. Time and time again, I’ve seen that it often pays to ask. Just by asking, I’ve gotten fees waived, better tables at restaurants, lower prices on newspaper subscriptions, an iPhone 6 for $1 (back when iPhone […]
Profitable Ideas: How Rich People Go Broke, The 100 Hour Asset, and More
Weekly roundup of some of the best personal finance articles from around the web. How rich people go broke (A Wealth of Common Sense). Even A-list movie stars make financial mistakes. Learn from Robert Di Nero’s miscues. 5 unexpected ways doing a budget will change your life (Live Your Wage). It’s simply the most powerful […]
The Critical Importance of Following a Trustworthy Investing Strategy
It’s been a wild ride in the stock market this year — from an all-time high in mid February to a 34% drop over the next 16 trading days to a roaring comeback. And who knows what’ll happen next? This year has highlighted the importance of following a trustworthy investment strategy. I went on something […]
Profitable Ideas: Helping Your Kids Go Minimalist, Circular Fashion, and More
Weekly roundup of some of the best personal finance articles from around the web. A practical guide to making children a part of your minimalist lifestyle (The Better India). The best way to cut down on kid-stuff clutter (and all the rest of your extra stuff). How to claim your $25 from Apple’s battery slowdown […]
How ‘Anchoring’ Can Mess With Your Mind and Money
This weekend, I bought new shoes for two of our kids at a Nike Outlet store. When I got home, I told my wife what a “great deal” they were. The shoe boxes told the tale. In both cases, they showed a “suggested retail price” of $85 and listed “our price” at $64.99. But I […]
Profitable Ideas: The Stock Market is Not a Game, The Perfect Home, and More
Weekly roundup of some of the best personal finance articles from around the web. “Everyone who thinks the stock market is a game loses” (The Wall Street Journal). The best approach to investing shouldn’t be all that exciting. House hunters now need pre-approval letters to walk in the door (Money). The new rules of home […]
The Pull of the Neighborhood — Four Ways to Keep Your Financial Footing
Think about your neighborhood for a minute, and some of your immediate neighbors. How similar is your lifestyle to theirs? How similar is the car you drive or the types of vacations you take? Juliet Schor, author of several books that have been very influential to me, such as The Overworked American, The Overspent American, […]
Profitable Ideas: Best Investing Advice for Teens, Your Chances of Getting Audited, and More
Weekly roundup of some of the best personal finance articles from around the web. What’s the best investing advice parents can give teenagers? (A Teachable Moment). When it comes to investing, kids have an invaluable asset: time. What are the real chances your taxes will get audited by the IRS this year? (Money). In short, […]
Is Fear Messing With Your Finances?
At the risk of sounding like Captain Obvious, we’re living in challenging times. The COVID-19 pandemic has upended life in ways no one could have anticipated, and it has brought fear into many corners of our lives financially and otherwise. It seems like an appropriate time for some reminders about fear. Time and time again […]