Budgeting & Savings

Are The Poor Bringing The Poor And Middle Class Down With Them?

California is broke. And some would argue the poor are bringing the poor and middle class down with them. Governor Schwarzenegger declared that some 200,000 California state workers are to receive minimum wage. That’s earnings of just $15,000 a year to help shore up the budget deficit.  $15,000 is quite a salary cut from the […]

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Is Becoming A Millionaire The Rule Rather Than The Exception?

Are you wondering whether becoming a millionaire is the rule rather than the exception? Thanks to inflation and positive returns in the stock market and real estate market, it seems like many more people will become millionaires in their lifetimes. In fact, $3 million is the new $1 million today if you want to be

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The Emergency Fund Fallacy: It’s All The Same Money

It continues to perplex me why there should be a distinction between an emergency fund and your general savings. There is an emergency fund fallacy that needs to be rectified. If you have $100,000 in the bank, what is the difference between calling it $100,000 in savings, and splicing the funds into $10,000 emergency money

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Germany Missed An Opportunity To Save Greece & Themselves

With a GDP of US$3.6 trillion, Germany is now the largest economy in Europe as well as the 4th largest economy in the world.  Germany also has roughly $50 billion in estimated loans to Greece, a large amount, but not an overwhelmingly debilitating amount given the size of their economy.  Saving Greece helps the Germans

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Don’t Have Children If You Can’t Take Care Of Yourself First

Raising children is expensive. They also take a tremendous amount of energy. Therefore, please don’t have children until you can first take care of yourself first. Your kids are not asked to be born. We owe it to them to be financially stable to give them the best life possible. Protect Your Career By Having

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Make Do With Less: Appreciate What You Have And Make The Most Of It

Sometimes you won’t have much. Instead of complaining, make do with less! Appreciate what you have and make the most of it. If you’ve ever traveled around the world with just a backpack, you know what I mean. We really don’t need much to be happy. Adopt a minimalist mindset and you’ll really start to

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