Be a Peaceful CFO of your home
Experts talk about the pros and cons of cash gifts, earned money, dole outs, and allowances. Parents wonder, which is right for their families. We may be missing the bigger picture. How our children get spending money is irrelevant. It’s what they learn about money that matters.
When we say we want our children to know about money, what do we mean? Do we mean we want them to know how-to make it and how-to spend it? If we teach them the why we make money and why we spend money, they will know how-to.
If money is the end, there will never be enough. If money is a means, there will be plenty. Read the Rest of This Article »
5 Great Reasons Why You Should Start a Side Business
Have you ever thought about quitting your job to work for yourself?
Maybe you have – but it seems like an impossible dream, and you know you can’t just walk out of your current job and hope for the best. Or maybe you can’t imagine quitting – you enjoy your work, you like your colleagues, and you want a steady income.
Either way, think about starting a side business: it could have huge benefits for you.
Here’s how. Read the Rest of This Article »
The Secret of Financial Happiness
“Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.” (Mr. Micawber, in David Copperfield by Charles Dickens – 1850)
You already know this secret, really.
But maybe you don’t like to think about it.
If you’re trying to improve your financial situation, you need to either:
- Spend less
- Earn more
Even in the post-credit-crunch world, it’s all too easy for us to put items on a credit card. It’s all too easy to run up thousands of dollars of debt – with our spending constantly outstripping our earning. Read the Rest of This Article »
Day 32: Would You Do This For 10 Minutes A Day To Retire 10 Years Early?
Is retiring early one of your life’s dreams?
Do you long to be able to take off a few years while you are still young and healthy and travel, spend time on your hobbies or doing something else you love? Do you want to feel the confidence that comes when you’re not sweating the balance in your account?
Despite the bad economy, it can be possible to retire at 55, if you’re willing to sacrifice and put in some work now.
The trick is to make optimizing your finances part of your daily routine, just like brushing your teeth or loading the dishwasher. Small, consistent actions often have a more powerful long term effect than one or two large ones. By spending the equivalent of just ten minutes a day to focus on your finances, you can save hundreds or thousands of dollars a year towards your retirement. Read the Rest of This Article »
Skipping the Latte Could Cost You: Why Cutting Back Can Sometimes Cost You More
I’ve been dropping into my favorite coffee shop for years. Then, amid the buzz over the economy and what a waste of money my lattes were, I stopped. Afterward, I found that while passing that coffee shop I missed the smell, the people, the “me time.” This combined with my inferior ability to make a cup of Joe made me realize this experiment was turning into a latte nonsense.
We often hear about what we can’t and shouldn’t do. But modern psychology again and again shows us that it’s not all black and white. A little splurge can be good for you; just sitting somewhere for a moment in thought isn’t a waste of time. Even what we know about caffeine has changed. Here are some reasons skipping that latte actually could be bad for your well being. Read the Rest of This Article »
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