3 Banking Mistakes to Avoid Like the Plague in 2023

Story by Maurie Backman • Jan 29

The money you have in the bank most likely isn't money that landed there because you won the lottery or came upon an unexpected windfall. Rather, it's money you most likely worked for by toiling away at your job, and maybe even a side hustle on top of that.

That's why it's so important to pay close attention to your bank accounts -- and make the time to check up on them. It's also important to avoid these big mistakes -- both in 2023 and in general.

Three Blind Men and the Elephant

Please entertain yourself while being very enlightened with this story that is a parallel to  the Dinar - the Dinar Community and Dinar Intel Providers -  It was very well thought out and put together - Thank you Rhino!

Once there were three blind men who were given the task of describing an elephant. Each was led into an elephant pen by way of a different gate.

The first man approached the elephant from the front and groped around the elephant’s trunk. The second encountered the elephant from the rear and grabbed the tail. The last man walked into a leg and felt around that part of the elephant.

The 20 Most Important Personal Finance Laws To Live By

By Ben Carlson   December 7, 2020

You could be the second coming of Warren Buffett as an investor but it won’t matter if you can’t save money and get your personal finances in order first. Saving money will always be more important than investing. As the saying goes, you have to crawl before you can walk. As a professional investor and money manager I constantly get questions from friends and clients about what they should be doing better. Here, I’ve distilled it down to 20 rules:

10 Money Questions I Was Too Embarrassed To Ask | Biggest Finanical Mistakes | How To Increase Earnings

Last Updated: August 16, 2022

At age 18 I took out a HUGE college loan… and wasted the leftover money on beer.

At age 19 I got my first credit card… and promptly missed the first payment.

At age 22 I bought my first truck… with an insane interest rate.

Now you may have been born with a degree in finance… but I wasn't – I had to learn everything through the school of hard knocks.  And I was too embarrassed to ask for help.  If I could go back and tell my younger self what to ask… these would be the 10 questions.

Not Dad’s Retirement

Craig Stephens  |  Feb 16, 2023

If you’re in a career you don’t love, consider your investments as the foundation for your next life phase. You may not have saved enough to retire outright—but it may be enough to launch a second act.

My father retired from a 35-year teaching career in 2002, when he was 56 years old. He hasn’t worked a day since. For years, his retirement was the primary model for my retirement aspirations—until I realized my path needed to diverge.  Like many dads, he worked a career he tolerated but probably didn’t love. It provided our family with a comfortable lifestyle in the suburbs of a low-cost-of-living city. Teaching enabled him to be ever-present during my youth, with summers off and time to coach my baseball teams. He took his pension and left teaching without hesitation when he reached retirement eligibility.

Really Useful Engine

Jonathan Clements  |  Dec 14, 2016

My days are consumed with a hodgepodge of activities—writing books, speeches, radio interviews, my newsletter, blogging and more. What ties all these activities together? More than anything, I want to be part of the conversation.

When I first entered the work world more than three decades ago, I imagined that—once my finances allowed—I would happily retire to a rural area and retreat from worldly hassles. But now that I can afford to retire, I’ve come to realize it’s the last thing I want: The quiet, unproductive life would likely keep me happy for 72 hours before boredom and restlessness set in.

The Poor Millionaire

Sanjib Saha  |  Feb 18, 2023

HOW WE SPEND DEPENDS on how we feel about money.

To be sure, we’re supposed to spend according to our financial situation and needs. But life experiences can so badly distort our attitude toward money that our financial decisions end up being ruled by fear and insecurity rather than questions of affordability. Such is the case with an acquaintance—let’s call her Satee—whose money habits are at odds with her financial standing.

‘How Do I Tell My Friends About My Six-Figure Inheritance?’

By Charlotte Cowles, the Cut’s financial-advice columnist My Two Cents Sept. 1, 2022

A family member recently passed, and I will receive a six-figure inheritance from a trust. I already have a financial adviser, and I’m working on a plan to save/invest half and give away the other half. My question is, how do I bring this up with friends? I make a reasonable salary from my public-service job and still have student loans to pay off. For my immediate day-to-day life and lifestyle, I don’t expect this money to change anything significantly. But the security of suddenly having retirement savings as well as being able to make significant donations to nonprofit and grassroots organizations I care about is different.

How To Become Financially Independent, According to 3 Experts

Cynthia Measom  Tue, February 14, 2023

For some, financial independence seems like an impossible dream and probably always will be. Others, who are more optimistic, might believe sheer determination will get them there.

While a positive and determined mindset is a move in the right direction, it takes much more to achieve a state of financial freedom. To get closer to living the life you want, here’s what you need to know to become financially independent, according to a few experts.

10 Genius Things Dave Ramsey Says To Do With Your Money

Andrew Lisa   Tue, February 14, 2023

Dave Ramsey is one of the country’s most celebrated personal finance gurus, a famous radio host, a successful businessman and a best-selling author. He’s also a self-made man who started with nothing and built a seven-figure net worth and a $250,000 annual income by age 26.

Now in his early 60s, he has spent many of the years between getting even richer by helping other people build wealth of their own. Here’s a look at some of the choicest wisdom and most sage advice that Dave Ramsey has doled out along the way to his legions of loyal followers.