Besides the purchase price of a car, one must also calculate the potential maintenance cost, and auto insurance cost to determine affordability. We often focus on the first two costs. But, seldom do we realize the auto insurance cost differential until we’ve purchased the car! Back in 2012, I was so happy to negotiate $2,000 […]
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To get through a bear market, you should have a money gratitude journal. It will help you feel more appreciative about everything you have. Simply write down all the things you spent money on that could have been invested in the stock market instead. That is the amount of money that you spared from getting
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Want to know how to measure you fiscal responsibility? The key is to calculate your FS-FR score. Fiscal responsibility means managing money in a careful, sustainable, and disciplined way — whether at the personal, business, or government level. In simpler terms: The core idea is to make smart financial decisions today so you don’t create problems tomorrow —
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Have you ever wondered will marrying someone with bad credit hurt my credit score? If so, great job thinking about your financial future together with someone new. The short answer is: No, in the short run. However, in the long run, your credit score may be hurt if you aren’t careful. Love is love. Ever
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Tires can get very expensive. I drive a Range Rover Sport with 22-inch, low-profile tires that cost ~$450 after-tax to replace each. So when I got a nail in one of my tires, I was perplexed. Plug, patch, or replace tire? Luckily for you and most others, tires generally cost under $200 each to replace,
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Becoming a millionaire has never been easier in America thanks to loose monetary policy, inflation, improved financial education, an improving economy, a widening safety net, and a bull market in stocks and real estate. Surviving as a millionaire on the other hand, has never been tougher. The government goes after you if you make much
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Making six figures a year is a lot of money. However, depending on where you live, making six figures may still not make you feel rich! Due to higher cost of living and inflation, making six figures is no longer a guarantee for high living. One of the great things about America is freedom. Tired
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To achieve financial independence, everyone needs to boost savings and control spending. Once that’s done, it’s time to maximize earnings. The wider you grow this gap, the wealthier you will become over time. The only problem when you boost savings so much is that it may begin to burn a hole in your pocket after
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To keep motivation up, remind yourself about the reasons for saving and investing so diligently. Once you have clear purposes for your money, saving aggressively becomes much easier. It’s too easy to eat one more cookie and find ourselves unrecognizable 10 years later. When we live in a free and abundant country, life can get
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Getting rich is about willpower. Without willpower, you will likely never get ahead of the masses. You need willpower, endurance, and grit to get richer than the masses. In the 1960s, Columbia University psychologist Walter Mischel conducted an experiment on children that is now often referred to as The Marshmallow Test. Walter invited various aged
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