When you’re in your teens or early 20s, it can be really hard to think about something as abstract as retirement and to put away money for such a vague distant goal. But your age is a huge advantage in building wealth. Huge. The younger you are the more you can take advantage of what […]
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Profitable Ideas: The Market as Terrordome, More Costly Than a Fender Bender, and More
Weekly roundup of recommended personal finance articles from around the web. Welcome to the terrordome (A Teachable Moment). If the stock market has you worried, it may be best to face your fears head-on. A single traffic violation can cost you hundreds of dollars in car insurance (CNBC). The only thing that’ll hike your rates […]
Three Ways to Deal With a Volatile Stock Market
If you have money in the stock market, you’ve probably noticed things have gotten a little bumpy. Here are some suggestions for handling the rough ride. 1. Take a deep breath When it comes to money — and plenty of other things — the emotional extremes of fear and greed can get the best of […]
Profitable Ideas: Feeling Secure, From Living Rooms to Landfills, and More
Weekly roundup of recommended personal finance articles from around the web. Americans say they need to earn $128,000 to feel financially okay (Bloomberg). How much you make matters, to be sure. But how well you manage what you make can make a big difference. It’s why some people who make a lot feel like they […]
Got Debt? Get Out Of It Slowly
When I woke up to the reality of having $20,000 of credit card debt, I had to face this hard truth: I didn’t get into debt overnight, so I’m probably not going to get out of debt overnight. In fact, it took me four and a half years to pay off my debt. There were […]
Profitable Ideas: A Virtual Land Grab, Getting More Time and Money, and More
Weekly roundup of recommended personal finance articles from around the web. Investors are paying millions for virtual land in the metaverse (CNBC). To the uninitiated, this probably sounds crazy, but it may be the wave of the future. Five common obstacles to generosity (and how to overcome them) (National Christian Foundation). Are any of these […]
Doing the Work
One of our sons recently told me about some things that have been bothering him. He’s making good decisions, building good habits, and getting good grades. But he can’t quite see the point in some of the things he’s studying. And all the homework sometimes makes life feel like a grind. I did my best […]
Profitable Ideas: The Bull Market May Have Room to Run, Financial Education in Aisle Three, and More
Weekly roundup of worth-your-time personal finance articles from around the web. Is this the greatest bull market in history? (A Wealth of Common Sense). Good times (and bad times) can last longer than you may think. What do you think you should be paid? (NY Times). Navigating a tough interview question. See also, 3 better questions […]
Everybody Has a Story
During what would turn out to be my father’s final year of life, he had several caregivers in and out of his house. Since I worked within about a 45 minute drive of where he lived, one day I decided to take a long lunch and pay a surprise visit to check up on the […]
Profitable Ideas: Money Lessons From a 500-Year-Old Saint, Investing Has Been Forever Changed, and More
Weekly roundup of worth-your-time personal finance articles from around the web. What a 500-year-old saint taught me about money (Incognito Money Scribe). The “financial examen” — a wonderful idea for cultivating a more thoughtful, intentional financial life. The value of a college degree (Get Rich Slowly). “A student’s choice of program is perhaps the most […]