Financial

How to Use Your Financial Goals as a Litmus Test
www.thesimpledollar.com

When Sarah and I started turning around our finances, one of our biggest goals was to achieve complete freedom from debt while fully owning a family home for our children. That was a pretty audacious goal. When we started, we had almost $20,000 in consumer debt, two car loans, and several student loans, and we […]

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Financial Success Versus Working Too Hard
www.thesimpledollar.com

Erica writes in: Loved your recent article about living life true to oneself, made me really think. I wonder if you could address another of those “regrets of the dying,” wishing I hadn’t worked so hard. I feel like I am losing my whole life to constant work. I have a family I don’t see […]

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Finding Happiness on the Road to Financial Success
www.thesimpledollar.com

This is a great question from Melissa: The struggle I have with all personal finance advice is that it is always predicated on depriving yourself. You have to spend less money, or else you have to give away more of your time and energy to earn more money. I am happy with my life as […]

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The Five Enemies of Your Financial Success
www.thesimpledollar.com

The path to financial success is actually surprisingly simple. Spend less than you earn. Do something sensible with the difference. That’s it. If you do that each month, each year, each decade, you’ll have quite a lot of financial success. Debt will melt away. Retirement savings will go up, up, and away. If it’s that […]

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Should a Person Pay Attention to Financial News?
www.thesimpledollar.com

This started off as a reader mailbag question, but as many of them do, the answer ended up with so much detail that it grew into an article of its own. Lori wrote in to ask this: What financial news do you pay attention to? FBN? CNBC? Do you read WSJ? My initial answer was […]

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How Epicurean Principles Can Help You Transform Your Financial and Personal Life
www.thesimpledollar.com

Over the last few years, one of the most valuable areas of growing my understanding of personal finance has come from reading philosophy. As I discussed a few weeks ago: Wikipedia provides a great basic definition: “Philosophy is the study of general and fundamental problems concerning matters such as existence, knowledge, values, reason, mind, and […]

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Emergency fund: How to build your financial parachute
www.iwillteachyoutoberich.com

An emergency fund gives you a financial cushion for unexpected expenses. What would happen if your car gets totaled in a crash? Or you or a loved one gets sick or injured? Or you’re fired from your job? Okay I’ll stop trying to give you an anxiety attack. The point is you need to have […]

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Financial Freedom and Comfort
www.thesimpledollar.com

Which option is better: is it better to have maximum freedom over how one uses their time, or is it better to give up some of that freedom in order to have more life comforts? Or, to put that question in a more tangible form, would you rather not have to work for a living […]

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Growth of Crypto-Assets May Threaten Financial System, FSB Says – Bloomberg
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Bloomberg Growth of Crypto-Assets May Threaten Financial System, FSB SaysBloombergThe rapid evolution of crypto-assets such as Bitcoin may one day make them a threat to the financial system, Mark Carney, chairman of the Financial Stability Board, said in a letter to Group of 20 finance leaders. “Wider use and greater …Global financial regulator presses pause […]

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The Most Motivating Financial Chart I’ve Ever Seen
www.thesimpledollar.com

While perusing the financial blogosphere on a lazy Sunday, I came across a unique chart called “The Early Retirement Grid.” The grid’s main purpose is to show long it will take you to retire given various changes in your income and spending levels. It assumes that you start at a net worth of zero, that […]

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Why ‘It’s Only $X per Month’ Is Disastrous Financial Thinking
www.thesimpledollar.com

Recently, my wife and I have been shopping around for a car to replace our 2004 vehicle, which has over 200,000 miles on it and a host of repair issues starting to pop up. At one point during this process, we found ourselves at a dealership and we overheard a financial representative talking to a […]

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