Helping Kids To Be Good With Money
.Helping Kids To Be Good With Money
15 Things A Personal Finance Expert Suggests Parents Do To Help Their Kids Be Good With Money
Thu, October 28, 2021,
I like to imagine I was raised to be financially intelligent (thanks ma and pa) but now that I have a kid of my own, I was curious what an expert had to say about raising kids to be good with money.
I write about personal finance and money, so you'd hope I have it together — and for the most part, I think I do. I owe my love of saving money and my abhorrence of debt to my parents who set me up with a bank account at birth, had me get a job as soon as it was legal, and made me save up for the dumb plastic toys I thought I just had to have.
16 Money Rules That Millionaires Swear By
.16 Money Rules That Millionaires Swear By
Gabrielle Olya Tue, November 9, 2021
Being a millionaire or billionaire -- especially a self-made one -- usually requires being disciplined about saving and spending, as well as investing wisely. Although the super rich can splurge on lavish vacations and fancy cars, some eschew a luxurious lifestyle for one that allows them to maintain their wealth over the long-term. So, if you want to live like a millionaire yourself, you'll have to follow the money rules of the wealthy.
Kristen Bell: Take Advantage of Coupons When Shopping Net worth: $40 million
"Frozen" star Kristen Bell still clips coupons despite her multi-million-dollar wealth.
What Not To Do While Trying To Get Out of Debt
.What Not To Do While Trying To Get Out of Debt
By Jaime Catmull Oct 7, 2021 Debt 101
Know how to pay off debt so you don't make costly mistakes.
If worrying about how to pay off debt keeps you awake some nights, late-night television abounds with alleged solutions. Some ads even promise to get rid of your debt for “pennies on the dollar.”
Fall victim to these “deals” and you might be left with worse financial troubles than before. But these aren’t the only foolish ways of paying off debt. Financial experts shared some common mistakes people make while trying to get out of debt — avoid making these same missteps.
1. Not Having a Reasonable Debt Repayment Strategy
Without Rule Of Law You’re Just A Banana Republic
.Without Rule Of Law You’re Just A Banana Republic
November 10, 2021 Notes From the Field By Simon Black
In the year 552 BC in the province of Persis in modern day Iran, a local sheepherder started a revolt against his ruler, King Astyages of the Median Empire. The sheepherder’s name was Cyrus, though he would become known to history as Cyrus the Great. Cyrus led the rebellion against Astyages for three years, winning the decisive battle in 549 BC; and with Astyages defeated, Cyrus went on to found his own kingdom that would quickly become one of the largest empires in the history of the world.
14 Ways To Improve Your Financial Future
.Feeling Overwhelmed With Debt? Here Are 14 Ways To Improve Your Financial Future
Gabrielle Olya Tue, November 9, 2021
Change Your Mindset
"Making the decision to get out of debt is the first step, but also the most difficult," said Cory Chapman, personal finance coach and CEO of EFC Wealth Management. "Actually changing your mind and accepting that you need to make life changes is the hardest part. The process of getting out of debt is going to take discipline, but it starts with the mindset that you want to be debt-free."
Get a Clear Picture of How Much Debt You Actually Have
Everything You Need to Know About Cultivating a 'Wealth Mindset'
.Everything You Need to Know About Cultivating a 'Wealth Mindset'
Jacqui Hathaway Levin Tue, November 9, 2021
Have you ever been told by, say, an Instagram influencer that the only barricade between you and endless financial wealth was your supposed negative mindset? Have you, too, been urged that if you would only sign up for said influencer's course today, you'd be able to tap into cosmic wisdom, "take the leap," and never have to worry about finances again? Don't fall for the trap, folks. Sure, cultivating wealth does take a fair amount of critical thinking, but there's (obviously) much more to it than that.
Some Insta-famous so-called money coaches (of course, not all) promise big changes—and fast. Who wouldn't be attracted to quitting their day job and following an off-the-beaten-path means to financial success and freedom?
5 Wise Money Moves Before the Fed Starts Raising Interest Rates Again
.5 Wise Money Moves Before the Fed Starts Raising Interest Rates Again
Sigrid Forberg Tue, November 9, 2021
Chairman Jerome Powell (pictured) and the other policymakers at the Federal Reserve just said again, after their recent November meeting, that they'll keep holding a key interest rate near zero. Though the economy has been making gains, the officials want to sit tight a little longer.
But rates won’t stay low forever. As the economy recovers from the worst of the COVID-19 pandemic, inflation is rising and more people are getting back to work. So, the Fed has indicated a rate hike could come as soon as next year — moved up from previous plans to wait all the way until 2024.
4,000+ Years Later And They Still Haven’t Figured It Out
.4,000+ Years Later And They Still Haven’t Figured It Out
November 8, 2021 Notes From The Field By Simon Black
More than four thousand years ago around 2112 BC, King Ur-Nammu of ancient Sumeria gathered his scribes together to dictate a series of royal decrees, all of which were chiseled onto cuneiform tablets. A handful of these tablets were discovered and translated in the 20th century, making the Code of Ur-Nammu the oldest known set of laws in the world.
While most of the King’s laws dealt with criminal matters (i.e. requiring the death penalty for both murder and robbery), some of the rules were actually a very early form of price controls.
How To Plan For a Financially Secure Life in the Event of a Partner’s Death
.How To Plan For a Financially Secure Life in the Event of a Partner’s Death
Gabrielle Olya Sat, November 6, 2021
Today’s “Financially Savvy Female” column was inspired by one of our readers who asked, “Knowing that the life expectancy of women is greater than men, how do wives plan financially for a life without her husband in the later years of her life?” To help this reader out, we spoke with Hilary Fiorella, executive director of the Center for Women in Financial Services at The American College of Financial Services, and she shared her insights about how women can plan for a financially secure life in the event of a partner’s death.
Develop Relationships With Financial Professionals
If your partner is usually the only one who meets with the various financial professionals who he/she may consult with, start sitting in on these conversations now, and consider bringing more professionals into the mix if it suits your specific situation.
The Nothingness of Money
.The Nothingness of Money
By Lawrence Yeo
When I was in junior high school, I heard a riddle that blew my mind.
It went something like this:
Rich people need it. Poor people have it. If you eat it, you die. And when you die, you take it with you. What is it? Feel free to sit with the question for a moment.
Okay. Ready? The answer is… NOTHING!!
Even today, this riddle puts a smile on my face. But when I first heard it, I remember being floored after hearing the answer and funneling it through each statement.
Back then, I enjoyed the riddle for its cleverness.
But today, I enjoy it for its simple profundity.
Why Money Is Hard
.Why Money Is Hard
March 4, 2021 Financial Independence
.Struggling with money? Join the club.
As a personal finance blogger with nearly two years of writing and almost two decades of investing experience under my belt, I would expect to have it all figured out by now. The reality is, I am just scratching the surface – and so is the vast majority of us. Here are some of my musings on the reasons that make money so ** hard.