It took me a dreadfully long time to understand this important truth: Money is not for spending. It is for managing first, and then for spending. It takes courage to believe it, but when you do, it will profoundly change the way you think about and manage your money. Imagine this: It’s Friday, a day…
5 Reasons to Give Kids an Allowance
At the foundation of your children’s financial intelligence should be this undeniable truth: It is not the amount of money you have but what you do with it that matters. This is true for a child managing a $5-a-week allowance or a corporate executive with a $5,000-a-week salary. For the better part of my life,…
Invest in Yourself for Terrific Returns
“True wealth is about taking control of your future and making conscious decisions about what you really want in life,” say authors Marc Eisenson, Gerri Detweiler and Nancy Castleman in their book “Invest In Yourself: Six Secrets to a Rich Life.” To create a rich life, these three respected consumer advocates encourage readers to diversify…
The 80% Solution
Provided that your basic life needs for shelter, food and clothing are being met, more money is not going to make you happier. I know, that’s hard to believe, but it’s a proven fact. What will make you happier is learning how to manage well the money you have already. Today, I want to give…
Money Leaks That May Be Draining Your Wallet Dry
What would it feel like to check your bank balance and find a pile of money you didn’t know you had? Stop wasting money on goods and services that don’t matter in the long run. By plugging the money leaks in your life, it’s possible you could see the financial equivalent of working a second…
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