@et meaningful financial goals. These goals should bring a great sense of accomplishment, once you achieve them.
The most complicating factor is that we don’t know how much we’ll need because we don’t know when we’ll die.
An unemotional, rational approach to this question will always yield the best results.
Whether or not a constitutional crisis–and all the economic and market chaos it would bring–is nigh, it’s impossible to time our exit and re-entry into the markets,
Many restaurants are in very serious danger of not making it to December. Every dollar you can spend matters.
The pandemic is not over yet, nor is the economic fallout, but I do believe Americans’ financial sensibility could conceivably shift in a healthier direction.
It’s easy to dismiss financial mistakes with the old, “It made sense at the time.” But here’s the thing; a lot of times, those decisions didn’t actually make sense at the time.
Following my first two rules will create an inordinate amount of stress if he were to earn at or below living wage, even if he is living with you and eliminating most of his living expenses.
Debt elimination is a beautiful thing. From paying off student loans to making your last mortgage payment, getting rid of monthly debt obligations is undoubtedly an accomplishment worth acknowledging and celebrating.
There’s something incredibly practical about putting money into your home, in the right places. The key is to not get carried away by convincing yourself every dollar spent is wise or even an investment.
Proper financial planning does not require additional work. It requires timelier work.
You can’t change your mistake. That ship has sailed. But you can resolve to never do it again.
Self-sufficiency can turn instability into stability by leveraging an abundance of time to save money.
If you’re going to sacrifice your current retirement plan to save your business, you’d better make sure your business is your retirement plan.
The reality is, a financial crisis was destined to strike your household at some point.
When a complex issue seems so overwhelming that a person becomes paralyzed with inaction, it becomes important to delineate and solve your challenges independently.
I’m not giving up on you or anyone else. Why? Because of the thousands of people who’ve rebuilt their financial lives right in front of my eyes over the last two decades.
When times get tough, and some jobs get eliminated, it’s the people who have cash to pay the bills, as opposed to liquidating depleted retirement accounts, who will come out on the other side unscathed.
There’s a giant difference between the two, and knowing the difference can save your financial life. Patience is strategic, if not pragmatic, while waiting is a gamble.
Unless you have an ungodly amount of money, you need to define exactly what it means to “pay for their education.” That’s a much bigger and broader promise than most people know.