trap

Income Share Agreements: A Fairer Way to Pay for College, or a New Debt Trap?
www.thesimpledollar.com

New York University recently made headlines with its bold announcement that it will offer free tuition for all medical students. The school intends to begin covering the tuition of such students regardless of merit or need, because it’s concerned about the “overwhelming financial debt” graduates are saddled with. The move was lauded as a step […]

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12 Non-Financial Books That Will Help You Cultivate a Mindset of Financial Independence
www.toplevelsales.net

Over the years, I’ve written about many personal finance books that have been incredibly valuable to me and to many others in terms of helping them figure out their finances and build a path to a strong retirement or even to financial independence / early retirement. Perhaps the most in-depth list was this one, where […]

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9 Tactics for Figuring Out If You Really Need a Tempting Purchase
www.toplevelsales.net

It’s a pretty familiar feeling for everyone at some time or another in their life. You’re doing some household chore and you realize that having some particular item would make this task more convenient, so you add that item to your shopping list. Or, maybe, you’re at the store and you see something that is […]

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Wealth Is Not a Route to Happiness. What Is?
www.toplevelsales.net

I recently read a great article by Peter Singer on the general topic of effective altruism entitled The Drowning Child and the Expanding Circle, which was originally published in New Internationalist. In the article, Singer’s primary focus is on personal happiness and whether helping others is aligned with it. The article contained a key quote […]

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A Deeper Look at Check-Cashing Services: Do They Really Provide an ‘Alternative Banking’ Opportunity?
www.thesimpledollar.com

A couple of weeks ago, Business Insider published an amazing article by Alex Morrell on check cashing that I think is well worth everyone’s time to read: An Ivy League professor who spent four months working in a South Bronx check-cashing store says we’re getting it all wrong. The article focuses on the research of University […]

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So You Want to Make More Money? Seven Core Pieces of Career Advice I Wish I Knew Starting Out
www.thesimpledollar.com

Several years ago, I had the chance to work closely with an intern I’ll call Chris. Chris was quite good at the tasks we gave him and you could see strong glimmers of the type of professional he might someday become. Chris interned with us for two different periods, and at the end of the […]

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The Pay Yourself First Principle – How to Make it Work
singlemomsincome.com

One of the best habits I’ve created when it comes to personal finance has been paying myself first. Without doing this there’s a good chance my savings would be nothing and I’d live paycheck to paycheck, even though my income has increased a lot over recent years. This is because it’s super easy to fall […]

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Finding and Handling Your Money Boundaries
www.thesimpledollar.com

Everyone has boundaries. If you find yourself doing something that makes you bitter, it is time to reconsider. – Peter Singer, The Most Good You Can Do, p. 29 It’s going to happen at some point in your financial journey. At some point, you’re going to try a frugal tactic or even read an article […]

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Three Tax Traps for Freelancers (and Three Perks, Too)
www.thesimpledollar.com

There are many benefits to freelancing, but it’s sometimes hard to remember that when tax time rolls around. That’s because, unlike regular employees who pay taxes through deductions from their paychecks, freelancers are responsible for setting aside their own state, local, and federal taxes. They also have to pay self-employment tax to contribute to Social Security and […]

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31 Days to Financial Independence (Day 27): Handling a Crisis
www.thesimpledollar.com

“31 Days to Financial Independence” is an ongoing series that appears every Thursday on The Simple Dollar. You might want to start this series from the beginning! Last time, we examined insurance options along with some strategies for maximizing the value one gets out of their insurance. Now, we’re moving on to a handful of […]

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31 Days to Financial Independence (Day 26): Considering Insurance
www.thesimpledollar.com

“31 Days to Financial Independence” is an ongoing series that appears every Thursday on The Simple Dollar. You might want to start this series from the beginning! Last time, we finished up our examination of investing and saving for specific goals with a broader look at saving for smaller goals, such as a car or […]

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