‘Make No Little Plans’
My family got to spend a couple of days in Chicago recently. We had brunch in Hyde Park, went to the Museum of Science and Industry, and took in a concert at the Old Town School of Folk Music. On one of our treks around town, we drove iconic Lake Shore Drive. Among the many […]
Profitable Ideas: The Price of Success, Random Acts of Kindness, and More
Weekly list of curated personal finance articles from around the web. The price of success (A Wealth of Common Sense). Life is a series of trade-offs. Knowing what matters more is really important. The risk-taking activity that ‘helicopter parents’ should allow their kids to experience (CNN). It’s risky to encourage our kids to play it […]
One of the Least Appreciated ‘Secrets’ to Warren Buffett’s Success
Think of the name Warren Buffett and you immediately think, “One of the world’s richest people” or “One of the greatest investors ever.” Both are true. But do you know why he has been so successful at building wealth through investing? Many books have covered this topic and they usually describe him as a “value” […]
Profitable Ideas: 80/20 Personal Finance, The Last Time, and More
Weekly list of curated personal finance articles from around the web. The Pareto principle never gets old (Contessa Capital Advisors). Read the bullet points for some great 80/20 advice. Want a 3% interest rate? ‘Assumable mortgages,’ a relic of the 1980s, are here to combat high rates (MarketWatch). Of course, there’s a catch. They aren’t […]
Setting Financial Priorities: A Framework for Financial Success
It’s easy to make managing money more complicated than it needs to be. That’s because money isn’t just an objective “means of exchange” as the dictionary defines it. Money is wrapped up in our emotions – our hopes, dreams, and fears. And our use of it is strongly influenced by the many messages of our […]
Profitable Ideas: A Big Financial Myth, A Money-Making Machine, and More
Weekly list of curated personal finance articles from around the web. A big financial myth (The Root of All). Can more money buy you more time? The 3 types of jobs (A Wealth of Common Sense). I used to think there are generally two types of jobs—those that are inherently meaningful and those that are […]
The Purpose of Money
Early in my journey of learning about money, I noticed a very odd disconnect. On the one hand, it was obvious that there’s a ton of personal finance advice readily available. Search on any financial question and within seconds you can find answers—sometimes, even credible answers! And yet, lots of people struggle with money. Why […]
Profitable Ideas: An $80,000-a-Year Gamble, The Overindulged Child, and More
Weekly list of curated personal finance articles from around the web. Should I let my kid take an $80,000-a-year gamble on college financial aid with an early decision application? (MarketWatch). It’ll improve the odds of getting accepted, but it’s binding so make sure you’re all in. Credit bureaus announce big changes for credit reports (Clark […]
Automating Financial Wisdom
I almost titled this post, “You Can’t Automate Financial Wisdom.” But then I realized, you can. A little background I have a love/hate relationship with financial automation. On the one hand, automation can be a wonderful help. In our household, we have some of our bills set up as auto-pay — those that cost the […]
Profitable Ideas: Raising Capable Kids, An ‘Extra Strength’ IRA, and More
Weekly list of curated personal finance articles from around the web. Raising capable kids: why doing less for your kids means more (Becoming Minimalist). A little hard work will do them a lot of good. Stop obsessing about having the perfect career plan (Wall Street Journal). Your career path, much like the stock market, probably […]