In many recent meetings, the question has been posed to me, by mostly new parents, what to do with the child’s money?? They got $50 for a baptism or $100 for a birthday or or or or….these incremental amounts of money come in and so on and so forth. What I mostly see, and fell victim to myself, is the …
Sweat the Small Stuff – Cash Back Cards
Credit cards often get a bad rap. Rightfully so, because if you fail to pay the balance off every month you will incur unnecessary interest charges that can erode your cash flow. However, if you are already disciplined with your money, replacing your payment method with a Cash Back Rewards credit card can help you save a little money on …
Brian’s Diary – Story 1 – Lunch ‘N Learn
I have heard a thousand times the phrase “you have to spend money to make money.” When you’re four weeks out of college and verizon won’t sell you a cell phone because you have no credit, the idea of spending money on anything, let alone to make more money, seems extremely unrelatable. One of the many gimmicks I was working …
(SL)AMAZON!
It’s taking over. It has been said that something as small as the flutter of a butterfly’s wing can ultimately cause a typhoon halfway around the world. The Amazon effect is a bit more direct. According to Investopedia: The Amazon Effect On The U.S. Economy. Amazon.com Inc. (AMZN) is everywhere. By disrupting the way people shop, Amazon has created economic …
An Oldie But Goodie
I usually only stumble on this once a year, but I am always glad when I do: Happy Weekend!
That Time I Found $20 In My Pocket
I have enjoyed the rush of the ‘found twenty’ a few times in recent history. Usually it’s money that I’ve put in my wallet for a purchase that never materializes, and then I forget about it just long enough that the discovery feels real. The $20 you found in your pocket is just an example. Every now and then we …
Don’t Create a Rule, Learn a Lesson
Nobody wants to spend their life continuing to repeat the same mistakes. But we also have to remember that just because we had an experience, good or bad, one time, that doesn’t mean that we should necessarily alter our course. In terms of personal finance and investing, we like to have rules in place. How much we allocate to a …
Just Awesome & Interesting
“This Is Water” David Foster Wallace Commencement Speech to the 2005 graduating class at Kenyon College
Avoiding a Wealth Shock
So you took a little too much risk and suffered a tremendous loss. Seventy-five percent of your net worth has evaporated, but at least you have your health, right? Not so fast! According to a recently released study, middle aged participants who suffered a Wealth Shock exhibited a fifty percent greater risk of death. A Wealth Shock is defined as …
A Little Goes a Long Way
What if we told you there is a simple way for most people to free up at least an extra $100 per month without making sacrifices? In an earlier blog post we discussed the shortfall of the “Latte Effect” and why you shouldn’t deprive yourself of your preferred cup of joe each morning if it isn’t detracting from your bigger …