Posts Tagged ‘Money’

Improve Your Charitable Giving: Let Not Your Left Hand Know What Your Right Is Doing

According to virtually every religious and ethical tradition, meaningful charity does not draw attention to the giver, and dignified charity does not draw attention to the recipient.  Here I will offer an economist's perspective on the Biblical injunction to "let not the right hand know what the left is doing" in charitable giving and will argue that this results in more efficient charity (meaning that it increases the bang we… Continue reading

Great Ways to Become Poor and Stay Poor

Nobody plans to become poor and yet a great many people end up poor.  Here are some of the best known ways of ensuring a life of penury: 1.  'We don't need no education...' If you drop out of school or fail to achieve a basic education then you will severely restrict your chances of employment.  What is more it is difficult to acquire further skills if you lack the basic ones. … Continue reading

3 Areas You Must Invest in During an Economic Recession

The global economy is plummeting and people are starting to lose hope, faith in our government practices and in their ability to be successful during these challenging times.  With millions of job losses and the media poisoning our minds with information that may be only half accurate, we need to start taking the time to invest in three main areas: our financial education, our personal brands and building strong relationships… Continue reading

Overplanning Can Kill Your Business Idea

Most articles about starting a business cover planning. Creating your business plan. Creating your marketing plan. Creating page upon page of plans, plans with great intentions and perhaps excellent potential for success. There’s nothing wrong with planning itself; if there was, I’m sure we wouldn’t see such an emphasis on it in business literature.But not so often mentioned is the dark side of planning, and it’s the dark side that… Continue reading

An Interview with Patrick Ritchie, Author of “The Credit Roadmap”

Patrick Ritchie is the author of The Credit Road Map, an in-depth look into how the credit world works. He is a certified instructor with the Arizona Department of Real Estate. Patrick is a guest lecturer for The Ohio State University and Arizona State University MBA programs. His book is approved by the National Association of REALTORS® and is required reading in finance… Continue reading

3 Scary Misconceptions About Money

It’s strange that for a society that’s so focused on making money and owning assets, we have some pretty unusual and downright scary approaches to the stuff and how it comes into our possession. Money doesn’t grow on trees, but we give our children and ourselves the idea that it’s nearly unattainable to make enough of it to live the way we want. Here are three of the common misconceptions… Continue reading

Would You Be a Perpetual Traveler or a World Citizen?

On Monday I wrote about developing the freedom to travel anywhere, anytime without getting fired. For many people, putting yourself in a position where you are free to go at any time and stay in the places you've always wanted to stay is a completely new experience and mindset. While it's certainly not for everybody, a good number of people who start remote working realize that they… Continue reading

5 Easy Ways to Earn Mad Money

Even if you've trimmed your budget, it's important to still have "mad money" to spend on things you enjoy. If your fun money account is dwindling, here are a few simple ways to earn some extra money or goods for a little of your time:1. Bottle caps - Do you drink Coke products? If so, please tell me you're not throwing away your bottle caps without entering the… Continue reading

5 Topics To Address When Talking With Your Partner About Starting A Business

One of the most important steps (if not the most important one) you can take when starting a business is to talk with your partner/spouse before you embark on your adventure. It’s absolutely crucial to have your partner with you on the same page when you start a business. Without their support and “buy-in,” in the long run you’ll end up sacrificing your success, your relationship, or both. Save your… Continue reading

Why Most Budgets Fail but YNAB Succeeds

Chances are at least one of your New Year's resolutions had to do with money. So how are you doing on your budget?I can't count the number the times I've created budgets only to throw in the towel and decide that they just don't work. Usually my frustration is due to any of the following:

  1. The amount assigned to a category just isn't realistic. After figuring the numbers and seeing

Are You Having A Scarcity Conversation?

With the economy the way it is, lately I've heard a lot of comments like, "I want to start a business, but I just can't afford it right now," and "I want to invest in learning how to start a business, but I don't have the money to put into it."This is a legitimate, honest concern, but this kind of thinking could destroy your business dreams and sabotage your success… Continue reading

The Six Best Ways to Get Rich….

...and some not so good ways. We tend to assume that if we work hard and save money then one day we will end up wealthy. This is wishful thinking. We are more likely to end up with some modest but useful savings. If you want to accumulate serious wealth then there a number of approaches you can use and some are much more effective than others. The best… Continue reading

10 Resources for Beginning Freelancers

The idea of making a comfortable living without leaving your home or putting pants on in the morning is an idea that makes many people drool all over their office clothes. No more commutes, no more company politics.There are negative aspects to freelancing—clients can be slow to pay or demand millions of revisions that decrease the quality of the product—but the positives by far outweigh the negatives. But, if you… Continue reading

The Humble Spreadsheet: A Tool for the True Lifehacker

When I was very young—I can’t remember how old, but let’s call it six or seven—I was introduced to spreadsheets. It introduced me to the world of statistics, of using data to track progress and predict the future, to work towards tangible, measurable goals instead of lofty, obtuse and too-often forgotten resolutions that people so often make about a month from now each year.I have my father to thank for… Continue reading

Get Rich(er)

It is true that no one can serve two masters, and slavish devotion to unrighteous mammon is indeed a road to misery.  Ambition to produce and "be rich" is not necessarily a bad thing, though.  And if you're reading this, you're likely among the richest 1-2% of people who have ever lived.  Historically speaking, you're not just rich.  You're super-rich.This means a couple of things.  First, it means that foregoing… Continue reading

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