Often you hear about the time value of money. That is, money tied up for a period of time has a missed opportunity cost. It also has to do with inflation – $50 today is worth far more than $50 willbe worth in 10 years, in terms of buying power. Something you don’t hear about [...]
During a great discussion with @PaulRushing, I got to thinking, is it ok to send out sponsored tweets? While this is far from a Twitter blog, I think this has a very real relationship to personal finance. After all, if you do accept money to tweet a certain message, that’s money that you could put [...]
This is a follow-up to my post entitled: Are you willing to change? from last week. So you’ve realized that your financial situation just isn’t working. You have a problem, and you’ve admitted it – good. But it’s not good enough. You have to change, and do it quickly. The financial choices you’ve made so [...]
There comes a time in everyone’s life when they wake up from the financial nightmare that they’re in, and realize something needs to give. Whether it’s the realization that credit cards aren’t free money, or ever-growing car loans, or a mortgage reset catastrophe – most of us have been there. Congratulations, that’s the first step [...]
In case you hadn’t heard, the president asked Rick Wagoner – the CEO of GM – to resign, and he complied. The President of the United States of America basically forced the CEO of a publicly traded company to resign his post. What in the world could you and I possibly learn from this? Two [...]
A new year brings new challenges,and new goals. So, just like I did last year, I’m going to set a few personal finance goals for myself. Hopefully I can manager better than a D+ this year. Without further adieu, here are my goals for 2009: Increase my savings account to $20,000. Stretch goal: $25,000. That’s [...]
On the last day of 2007, I set 9 2008 personal finance goals. These were to be my financial focal points for the year. Since 2008 is finally over, with all its ups and downs, it’s time to revisit that list, to see how I did with my goals. Let’s take a look: Pay off [...]
As Haggai 2:8 says: ‘The silver is Mine and the gold is Mine,’ declares the LORD of hosts. I’m a proud man. I work hard to earn a living. I have a dayjob that is demanding and pays well, and in the evenings I work on building my small business. I am proud of the [...]
Many developed countries around the world have socialized medicine – also known as universal healthcare. Rather than paying for health insurance, the government is in charge of all the hospitals. Everyone can get the healthcare that they need, whether they have money or not. Our Canadians neighbors, and British friends are two well-known examples of [...]
The entire time I’ve been married, both my wife and I have worked. At times I have made more money than she, and at other times she was the primary breadwinner. It didnt bother me either way – after all, who could be mad that their wife was making good money? Every man should be [...]
