.How To Never Worry About Money Again

The No-Sweat Way to Protect Yourself From Financial Disaster

By laura goldstein 

Building a bigger rainy-day fund may feel daunting. Start by breaking it down into manageable chunks.

That nagging feeling that a bit of bad luck—a medical emergency or a layoff—could derail your finances is widely shared. A new survey from the American Psychological Association found that 54% of people rated paying for unexpected expenses a very or somewhat significant source of stress.

And people across the income spectrum tend to be underprepared. A Pew Charitable Trusts analysis finds middle-income households typically have the equivalent of 20 days of income to tap, and even high earners have just 52 days. Building a bigger rainy-day fund may feel like a daunting task, given all your expenses and savings goals, but you can start by breaking it down into manageable chunks.

.Unexpected Habits Of A Frugal Millionaire

April 8, 2019 jeff@debtfreedr.com 

When you hear about someone being a millionaire, you typically don’t picture them as being frugal. The phrase, “Frugal millionaire” is not something that typically goes together such as a peanut butter and jelly sandwich does.

But, if you’ve read books such as “The Millionaire Next Door” and Chris Hogan’s new book, “Everyday Millionaires,” you’d have a different outlook on how millionaires actually live.

Occasionally, when someone hears that a person is frugal, they automatically think that they’re cheap. Being frugal and cheap are two different things.

So, before we discuss the habits of a frugal millionaire, let’s look at the difference of being frugal versus cheap.

What Is Frugal Living?

Frugal living is simply being intentional with your money. It’s mainly practiced by those who aim to:

cut expenses

have more money

get the most they possibly can from their money

.The Ten Commandments Of Personal Finance

From The Retirement Manifesto

By  fritz@theretirementmanifesto.com

Is it possible that there are some basic principles upon which your personal finance journey should be built?  It turns out there are. I’ll warn you in advance – you may not like some of them. 

Just as THE Ten Commandments guide us away from our personal nature which is sometimes tempted to do things which seem fun at the time, but lead to long term harm, these “Personal Finance Commandments” can guide you away from doing things which will bring harm to your long term financial goals.

In full transparency, I didn’t come up with the original list.  That honor goes to this article from MoneyStepper, which I just read tonight.  I liked the concept and the guidelines presented so much,  I’ve decided to build on the original article with original thoughts of my own, including the “10 Commandments” title.

.Money Lessons You Must Teach Your Children and Grandchildren

Kentin Waits • May 30, 2018

If you know and love a young person, pass on these life-changing lessons that can put anyone on the road to prosperity.

Money Lessons You Must Teach Your Children and Grandchildren

Around the nation, young people are graduating from high school and college and preparing to take charge of their financial lives.

If you listen closely, you can hear wallets groaning from coast to coast.

10 Types of Friends Who Are Costing You Money

By Tim Lemke

Our friends are some of the most important people in our lives. But have you ever considered the impact they have on your finances?

Some friends can suck money from your wallet, even if they don't intend to. And because they're your friends, you may not even notice.

Consider whether yours fall into any of these categories of friends that cost you money.

5 Friend Types That Can Hurt Your Finances

By Aja McClanahan   

Your inner circle of friends can have a direct impact on many areas of your life, including your financial behavior. According to a 2014 study from the Journal of Consumer Research, peers can influence you to make certain decisions.

You can even bond with someone over decisions to abstain or indulge in certain activities. The study found, for instance, that friends bond over small shared indulgences like eating chocolate, but were more inclined to abstain as the stakes were raised.

.How Should You Pay for Financial Advice?

By Michael Pollock

From robo advisers to full-service professionals, investors have more choices than ever in getting, and paying for, financial advice

Deciding what kind of financial advice to pay for, and which fee structure is right for you, can be daunting. 

The advice market is evolving rapidly, and investors today have more choices than ever before—from expensive, highly tailored advice to more impersonal services that cost next to nothing.

Financial experts say investors should shop carefully, while considering these questions: Do you have a complex financial life, where paying a premium for advice could produce lasting benefits? Or are your needs more basic—such as crafting a starter financial plan—where fees could be much lower?

.Dreaming About Money? What Does It Mean?

Erinn Bucklan  |  April 11, 2019

Dreaming About Money? What Does It Mean?

Have you been dreaming about money lately? Us, too. Find out what it means when you dream about money.

Before you shake your head and say that dreams have no impact on your waking life, consider this: Scientists have found that they can actually affect our daytime behavior.

In research published in the journal Social Psychological and Personality Science, a team of U.S. and British researchers found a link between particular events in dreams and later real-world interactions with our significant others.