No Such Thing as Enough Money
.No Such Thing as Enough Money
Jacob Schroeder Oct 27, 2021
How much money is enough? It’s a philosophical money question that often arises out of discontent. We see someone of substantial means, like a celebrity, live a troubled life. Or, we ourselves experience great fortune yet feel unhappy. It makes us wonder where the finish line is, the point when you can stop striving for more and settle into a life of satisfaction.
There are some great financial blogs that provide good answers, such as here and here. And then there are a variety of books that tackle this question in their own ways: Ego Is the Enemy, The Last Lecture, the Bible, to name a few. Another book that resonates with me, perhaps because of its instructive format, is How Will You Measure Your Life? by the late Clayton Christensen.
Money Lessons From Famous Artists
.Money Lessons From Famous Artists
Here are some words of advice from artists that could double as insight for turning financial success into a creative pursuit.
M.C. ESCHER // “Are you really sure that a floor can’t also be a ceiling?” → Financial success is a matter of perception and deception.
M.C. Escher is known for images that play with perception and dimension to form mind-bending illusions. In a sense, they represent how we see the world. When faced with uncertainty and incomplete information, our brains like to take mental shortcuts that can distort reality.
These biases can have profound effects on our financial decisions. For instance, we may spend rather than save because we perceive our future selves as someone else. Or, we may buy an investment based on what we want to believe, despite all the contrary evidence. It is why the right financial steps often feel counterintuitive.
The Art of Money
.The Art of Money
Turning financial success into a creative pursuit
Jacob Schroeder Mar 15
What do you consider the act of ‘making money’? Is it an act of accounting and measuring? Or, is it an act of imagining and contemplating? Our finances involve numbers and data, but they’re intractably tied to our personal ideas, experiences, feelings and behaviors – intangible things you can’t formulate in a spreadsheet. Therefore, to manage the human side of money, it’s better to think more like an artist than a scientist.
It’s a shame many famous artists had financial troubles.
What Is a Silver Certificate Dollar Bill Worth Today?
.What Is a Silver Certificate Dollar Bill Worth Today?
By David Gorton Updated March 10, 2022 Reviewed By Chip Stapleton Fact Checked By Jiwon Ma
What Is a Silver Certificate Dollar Bill Worth Today?
A silver certificate dollar bill represents a unique time in American history. It was a type of legal tender that was issued by the federal government in the late 1800s. As the name suggests, the holder of a certificate could redeem it for a certain amount of silver. One certificate allowed investors to hold silver without having to buy the precious metal itself.1
These certificates no longer carry monetary value as an exchange for silver, yet they are still legal tender at their face value. In the market, silver certificates are often worth more than their face value (e.g., $1) as collectors still seek out these prints.
Why Poor People Can't Afford To Save Money
.Understanding the 'Boots Theory' of Socioeconomic Unfairness
This is why poor people can't afford to save money.
By Tom Huffman Dec. 01, 2021
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Please be aware that some (or all) products and services linked in this article are from our sponsors.
Terry Pratchett was an English fantasy writer, best known for his Discworld series of 41 novels. If you’re familiar with Pratchett's novels, you may recognize the "boots theory." If not, you better write off the next few months of your life as you're about to undertake some serious binge-reading.
What is the 'boots theory'?
5 Wise Money Moves Before The Fed Starts Raising Interest Rates Again
.5 Wise Money Moves Before The Fed Starts Raising Interest Rates Again
Time's almost up on ultralow rates, so don't be caught off guard. Federal Reserve Chairman Jerome Powell arrives for a Senate Banking Committee meeting in Washington, Sept. 28, 2021.
By Sigrid Forberg Jan. 27, 2022
Word just came down that you’ll soon pay more in interest for many loans. And your credit card balance with a variable interest rate? It’s about to cost you more too.
Federal Reserve Chairman Jerome Powell and the other policymakers at the central bank said this week that they’ll raise rates “soon,” likely at their next meeting in March, to try to slow inflation that’s rising faster than it has in almost 40 years.
Why Gold Matters: Everything You Need To Know
.Why Gold Matters: Everything You Need To Know
By Adam Hayes Updated March 09, 2022 Reviewed By Michael J Boyle Fact Checked By Diane Costagliola
Gold. It's shiny, metallic, and melts easily into bars, coins, or jewelry. It doesn't rust, corrode, or decay. Gold is...well, golden. But why is gold so valuable, both in our mind's eye and in reality as a global store of value and medium of exchange? Why is silver relegated to a distant second place, and what about poor old copper, which shares many of the same physical attributes as gold? Join us as we try to figure out the answers to these questions, and much more.
KEY TAKEAWAYS
In the articles that follow, we will take a look at gold's place in our economy and try to uncover just why it's valuable and what role gold can play today in investor's portfolios.
What I Teach My Kids About Money
.What I Teach My Kids About Money
By Cameron Huddleston July 10, 2019
I’ve been a guest on a lot of podcasts lately talking about my new book, Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances.
As you can assume by the title, I’ve been sharing tips on how adult children can get their parents to open up about their finances so everyone can get on the same page if those children ever need to step in and help their parents.
Occasionally, though, the podcast hosts will turn the tables on me and ask what sort of money conversations I’ve had with my own children. I’ve been asked how I teach my kids about money, what sort of details I’ve given them about my finances, and what works and doesn’t work when it comes to teaching kids about personal finance.
Visualizing the Importance of Trust to the Banking Industry
.Visualizing the Importance of Trust to the Banking Industry
By Jeff Desjardins June 6, 2019
In the digital age, money is becoming less tangible.
Not only is carrying physical cash more of a rarity, but we are now able to even make contactless payments for many of the products and services we use on the fly.
Our financial transactions are starting to be analyzed and optimized by artificial intelligence. Meanwhile, investments and bills are paid online, and even checks can now be deposited through our phones. Who has the time to visit a physical bank these days, anyways?
Do's & Don'ts When You Increase Your Income
.Do's & Don'ts When You Increase Your Income
7/11/2019 Team Member Blog, Consumerism to Frugalism
Most of you would like to increase your income. Whether you’re looking to make a career move, change companies, start a business, or simply move up in your current situation, making more money is likely one of the major factors in your job decisions.
Here at Money Saved is Money Earned, we know money isn’t everything and you shouldn’t live just for money. However, we also know that money plays a major factor in your ability to live the way you want.
While we should live within our means, most people would make very different choices if money wasn’t an option. Having said that, money should never be the end goal.
The Four Different Types of Money
.The Four Different Types of Money
By Raphael Zeder | Last updated Jun 26, 2020 (Published Sep 17, 2016)
In economics, money is defined as a generally accepted medium of exchange for goods and services. Virtually anything can be considered money, as long as it performs what we call the three major functions of money (i.e., medium of exchange, store of value, unit of account).
With this in mind, it is not surprising that there were different types of money throughout history. To give you a brief overview, we are going to take a look at the four most relevant ones below: commodity money, fiat money, fiduciary money, and commercial bank money.