.10 Quick Steps That’ll Have You Managing Your Money Like A Millionaire

by The Penny Hoarder Staff

Life would be a whole lot easier if someone would just Venmo us $1 million, but unfortunately the chance of that happening is, well, probably zero. (Venmo doesn’t allow transactions that large anyway.)

But even though our chances of becoming a millionaire are slim, we can still manage our money like one. No, we’re not going to tell you how to buy hundreds of shares of Apple stock. Or how to pick out the perfect yacht.

These are simple money moves any normal, non-millionaire person can make today. Each tip can get you closer to achieving your big goals.

.5 Strategies That’ll Help You Stop Fighting With Your Partner About Money

by Chaunie Brusie

It’s common for people in relationships to have different approaches to money. One might be a spender, while the other might be a saver. But as common as this might be, even small disagreements over how to manage money can add up over time, especially as you realize you and your partner may approach your finances in different ways that are subtle (or maybe not so subtle…) Either way, those differences will need to be addressed eventually.

So, when that moment comes for you, these tips will help you and your partner be able to effectively handle your finances when you have differing money mindsets.

Understand That Beliefs About Money Take Hold Early

How you approach your finances as an adult goes back to what you learned about money as a child, explains Jessica Small, who works as a licensed marriage and family therapist and premarital counselor with Growing Self Counseling and Coaching. Upbringing probably plays the biggest role in someone’s financial style,” Small said. “So much of our belief system about money is defined by the messages we received as a child and how money is talked about in our families growing up.”

.8 Secrets of The Wealthy That Most of Us Ignore

By The Penny Hoarder Staff

Life would be a whole lot easier if someone would just Venmo us $1 million, but unfortunately the chance of that happening is, well, probably zero. (Venmo doesn’t allow transactions that large anyway.)

But there’s still plenty of things we can learn from rich people. Here are 8 of the smartest ways they save money…

1. They Spend $5 to Own a Piece of Amazon, Google or Other Companies

Take a look at the Forbes Richest People list, and you’ll notice almost all the billionaires have one thing in common — they own another company. But if you work for a living and don’t happen to have millions of dollars lying around, that can sound totally out of reach.

That’s why a lot of people use the app Stash. It lets you be a part of something that’s normally exclusive to the richest of the rich — buying pieces of other companies for as little as $1.

These Are the 5 Smartest Things to Do if You Don’t Get Another $1,200 Stimulus Check

by Mike Brassfield

Remember the $1,200 federal stimulus check you got a few months ago? Wasn’t that a lifesaver? Wouldn’t another one of those be nice right now? While politicians in Washington bicker and point fingers and fail to successfully negotiate another stimulus bill, the rest of us are all wondering the same thing: Am I going to get another $1,200 stimulus check or not?

If you’re one of the tens of millions of Americans who are out of work due to the coronavirus pandemic, you desperately need that money to pay for necessities like food and shelter. Even if you’re still employed, you need that extra money to pay for things like school supplies, unexpected child-care costs or skyrocketing power bills because you’re home all the time.

If the politicians fail us and you don’t get another stimulus check, we’ve got five tips to help you get through this time:

1. Negotiate to Stay in Your Home

If you can’t afford housing, don’t panic. Look at your options instead.

.9 Symptoms of an Unhealthy Relationship with Money

Do you have a love-hate relationship with money? Different people feel differently about money. Sometimes you feel confident about your financial situation. Other times you feel guilty about the money you spend. Some of us enjoy looking at our bank accounts, while some feel dreaded. Your relationship with money depends upon how you treat it. Whether you consider it your trusted friend or something that causes frustration, fear and guilt.

The good news is, no matter how unhealthy your relationship with money is, you can always take steps to improve it. However, to make that happen, you need to identify the habits which are causing you to overspend or preventing you from spending even on your basic comforts and necessities. In this article, we are going to discuss the symptoms that indicate you have an unhealthy relationship with money. But first, let’s discuss what is a healthy financial relationship.

What Is A Healthy Relationship With Money?

When we read the word “health”, nutrition, exercise and good sleep are what comes to our mind. We never consider money a part of our health. The truth is, to maintain a healthy lifestyle, you need to have a healthy relationship with money.

.The Good Advisor

Robin Powell | August 13, 2020

What are people paying for when they seek out a financial planner? Where’s the real value? The answers may surprise you. Financial planners typically tout their advice on asset allocation, retirement planning, cash flow analysis, insurance, wealth protection, estate planning and so on. But is that really the benefit they bring to consumers?

Consider an entirely different business. When you take your car to get serviced, what are you paying for? Brake repair, transmission diagnosis, tire rotation, oil change? Actually, what most people want is a car that gets them safely, reliably and efficiently from A to B. They want the car serviced in good time, they want a fair estimate of what it will cost, an itemized bill, and a guarantee on parts and repairs.

Likewise, the value of a good financial planner—at least in the eyes of most clients—will often differ from the advertised services. To be sure, asset allocation and portfolio advice are important components. But these are just means to desired ends.

.Reflections On Money And The Needs It Meets: I Bought A Lamborghini

Leo Widrich

Last week I turned 30 and as a present, I bought myself this Lamborghini. I posted a picture about it on my social channels this last week and the hundreds and hundreds of reactions to it got me thinking. There were more reactions to this picture than anything I’d ever posted before. They went into all different kinds of emotional directions, 95% sharing in with my excitement and celebrations, including many comments about my shoes. And some reactions that I interpreted as more irritated, hurt, or envious.

The exposure of wealth seems to often trigger something to a lot of us, no matter our personal circumstances. It brings out vulnerable, forgotten, dreamy, and sometimes irritated and hurt fragments in us that are touched and want to come out.

.What Would You Do If You Didn’t Have To Work?

by Retirebyforty

What would you do if you didn't have to work? Have you read Ernie Zelinsky’s How to Retire Happy, Wild, and Free. I really like it because he challenges traditional retirement. Most people only think of retirement as the end of a journey. We feel useful when we work and retirement means the end of that usefulness. However, retirement doesn’t have to be that way. Ernie encourages us to think of retirement as an opportunity to find yourself and rekindle your zest for life.

Early in the book, Ernie asks – what would you want to do if work was abolished in this world? That’s a bit extreme so let’s modify it a bit. Work won’t be abolished so let’s take the primary motivation away. My question – what would you do if you don’t need to work for money? Would you keep working in the same job/career? Think about this. The answer will tell you whether or not you’re in the right place.

.Don't Feel Like You're 'Good' With Money? Here's where to start

Emily Pandise August 24, 2020

Let’s face it: It can take a lot to feel like you’re “good” with money. We don’t learn about personal finance in school, going through credit card bills can be a big scary mess and some so-called experts will shame you for simply buying a cup of coffee. But your finances are not something you can ignore forever. If you feel like you’re not good with money, here are some important principles to keep in mind.

Dealing with your finances isn’t about doing math; it’s about knowledge.

For a lot of people, there’s a big misconception that being good with money means being good at math or knowing the ins and outs of the stock market. That’s simply not true. Yes, you may need to whip out a calculator for some basic number crunching, but you didn't need to earn an A in high school algebra to get a handle on your finances.