Jon Acuff who wrote an incredible book called “Quitters” recently asked his Twitter followers (follow him @JonAcuff and follow me on Twitter @MoneyQandA), “When did you realize that you were never going to be able to slam dunk a basketball? Have you realized yet?” We all have dreams and goals that are incredibly lofty. I have 100 goals to complete before I die. I know what you are thinking. What does this have to do with the American Dream? It has everything to do with our dreams, the American Dream, and what we think that we can accomplish in … [Read more...] about Is The American Dream Dead Or Alive?
Archives for November 2011
This is a guest post from Kevin is the co-founder of DebtEye and the author of Debteye’s blog. If you’re buried in credit card debt, it’s important not to make hasty decisions. Your decision can be based on fear and helplessness, and this can lead you to being worse off than you currently are today. Having a clear roadmap of how you’re going to get out of debt will help you think logically before you need to seek professional help. As a credit counselor, I’ve been able to pinpoint some of the most common reasons why people get into … [Read more...] about When To Seek Help From A Credit Counselor
My wife and I love to eat out at restaurants. Thanks to a recent look at how I spend my money, 8.8% of my income actually goes towards eating out every month in fact. But, I do not make any apologies for it. My wife and I simply hate cooking and love eating out at restaurants. It is something that we love to do. So, my wife and I make a conscious effort to budget eating out at restaurants to so much. We all know that it can be very expensive, but you can also save money while still eating out a lot. You simply have to make smart decisions … [Read more...] about Ten Ways To Save Money Eating Out At Restaurants
We all make mistakes with our finances. I’m not talking about making hard decisions and choosing which bills to pay and which to leave for another month. These are simple financial choices and the biggest money mistakes American workers are making with their paychecks. The economy is still struggling, and far too many employees are turning away free money and lending other money from their hard earned paychecks to the government free of charge. Three Biggest Money Mistakes... 1. Not Capturing Their Employer Match According … [Read more...] about 3 Biggest Money Mistakes American Workers Are Making
What do you tell your children when times are tough? Is Santa affected by the recession too? How do you tell your children Santa is broke? One of the worst mistakes that we can make is to pretend that nothing is wrong and continue operating in the same manner that we always have during the holidays when our family is struggling financially. It becomes hard to maintain the status quo when times are tough, and it is especially tough around Christmas and the holidays. And, trying to continue the same way is a horrible mistake. We get used … [Read more...] about How To Tell Your Children That Santa Is Broke This Year
There are some limitations to buying and selling shares of mutual funds. However, there are some great advantages of exchange traded funds (ETFs) that investors can use in their portfolio. Because of the way exchange traded funds’ shares are priced, you have more control over your investing and more options when buying and selling shares. Exchange traded funds' characteristics that are different than traditional mutual funds can be beneficial to investors. An exchange traded fund is a type of security or financial investment that tracks a … [Read more...] about Great Advantages Of Exchange Traded Funds
One of the most important things that you have to consider is what your goals are for the money you are saving for your children. Do you want to have more money for them to go to college with? Do you want to be able to help them buy them a car when they are 16 years-old? Do you want to save for your daughter’s wedding? The goal will drive which investment choice that you make. Here are three options for you to consider based on your goals. Three Accounts To Invest For Your Children 529 College Savings Account A 529 College Savings … [Read more...] about Top 3 Investment Accounts to Invest in for Your Children
I’m constantly being asked money questions by readers, coworkers, friends, and family members. I do ask for your money questions over and over again after all. In fact, if you email me one of your money questions and I pick yours to be featured in our Reader’s Questions Series, I’ll send you a free copy of Dave Ramsey’s book, The Total Money Makeover. I thought that it would be cool to highlight the ten questions that I hear the most often. Here are the quick answers to these top money questions that people have a burning desire to … [Read more...] about Top Ten Money Questions People Always Ask
The following is a blog swap post from Joe at Retire By 40, where he writes about his journey to early retirement and other fun stuff along the way. Check out my post I Don’t Mind Paying Full Price For Experiences at his site today! What are things you never go cheap on and why? This is a pretty tough question for me. The crux of the question is the definition of cheap. If cheap means paying less than full price, then I go cheap on pretty much every product I purchase. We buy generic brand groceries because it's cheaper and the quality is … [Read more...] about What Are Things You Never Go Cheap On And Why?
People email me and ask all the time where they should invest their short-term cash. Because of the stock market’s shaky returns lately or even those who are saving for a goal like a down payment on a home, more people are holding cash in their investment portfolios than ever before. That is the case for young investors too. Young investors are holding more cash than ever before in their investment portfolios instead of putting that money to work in the stock market. So, where should you stash cash in the short term? There are several … [Read more...] about Top 3 Short Term Cash Investments You Should Consider Now!