#49. Dad, what exactly does personal finance mean?
Learning to budget, spend mindfully, and find a balance between seizing the day and saving for the future
#49. Dad, what exactly does personal finance mean? Read Post »
Learning to budget, spend mindfully, and find a balance between seizing the day and saving for the future
#49. Dad, what exactly does personal finance mean? Read Post »
Sacrifice does not mean giving up something for nothing; it means giving up one thing for something else we believe is worth more.
#47. Dad, does getting out of debt mean sacrificing everything? Read Post »
DAD: Most people who overspend their income in one of three ways: Too much house, Too much car, Too much
#44. Dad, when do most people over spend their income? Read Post »
Tackle smaller balances first. This builds momentum and there are psychological reward to doing it this way.
#41. Dad, should I repay the highest interest rate debt first? Read Post »
We don’t have to continue holiday traditions that leave us overwhelmed, broke and tired. Traditions should not detract from the
#36. Dad, tell me why holiday traditions are so financially stressful? Read Post »
When you develop a healthy relationship with money, you don’t spend money on needless stuff.
#35. Dad, what does it mean to have a healthy relationship with money? Read Post »
A need is something you have to have. A want is a choice.
#34. Dad, what is the difference between a want and a need? Read Post »
Yes. You can buy anything you desire – as long as you have saved for it first.
#31. Dad, may I buy anything I desire? Read Post »
Giving up temptation for long term benefit.
#28. Dad, what is delayed gratification? Read Post »
It is important to recognize that your financial situation should be a side effect of pursuing a greater purpose. Financial
#26. Dad, is the goal financial independence? Read Post »
The key to early retirement lies with savings, not income – regardless of how much money you make.
#25. Dad, what is the key to early retirement? Read Post »
Be authentic! Maintaining an image that your income cannot support goes against being authentic. You cannot pay your bills based
Lifestyle inflation is when you keep increasing your lifestyle as your income grows. That is why so many wealthy people
#13. Dad, what is lifestyle inflation? Read Post »
The ‘What-the-hell-effect’ is when you have spent more than you have earned and then decide that you might as well
#3. Dad, what is ‘What-the-hell-effect’? Read Post »
DAD: When it comes to understanding money, ignorance is not bliss.
#1. Dad, this money thing is so boring. I prefer not to know. Read Post »