#304. Dad, my finances are a mess.
Congratulations! You have taken the first step to acknowledging that you have a problem. The rest can be managed with a plan. Dad, My Finances […]
Money
#297. Dad, is personal finance all about money?
Personal finance is about values, habits and mindset and not only about money.
#289. Dad, tell me about judgment.
No matter what you do or say, you will be judged. So, why not be true yourself.
#262. Dad, what is a quick way to simplify my life?
Identify what is most important to you. Eliminate everything else.
#248. Dad, what does it feel like to be in debt?
Debt feels like having to run 10 miles to get to the starting line of a marathon. It is impossible to get ahead.
#212. Dad, can money buy a great life?
DAD: The things that make life great can’t be bought. Money can only help extend your options.
#207. Dad, what is the “ten second” rule?
DAD: Any time you are about to spend money, count to ten slowly and consider how this purchase may impact your life.
#203. Dad, what is the debt snowball method?
DAD: This method helps you to pay off debts with the smallest amount owed first.
#193. Dad, are smart people financially wealthy?
DAD: There is no correlation between high levels of intelligence and high levels of financial wealth.
#185. Dad, does spending less equate to less joy?
DAD: On the contrary, spending less brings more joy.
#182. Dad, should I finance my used car?
DAD: Don’t finance things that go down in value
#168. Dad, how can I avoid the payment syndrome?
DAD: Learn to exercise self control and delay purchases until you can pay in full with cash.
#148. Dad, why is personal finance not a topic of discussion at the dinner table?
DAD: Most people are afraid to speak about personal finance because they are not comfortable speaking about something they know very little about.
142. Dad, is it OK that my values about money and spending are different to my friends?
Personal values and spending habits are unique to everybody. Spend based on your personal values.
#129. Dad, is a high income a guarantee that you will retire rich?
There are no guarantees. Make sure you spend less than you earn and save for the future.
#97. What is #3 rule of money?
DAD: Pay your credit card balance in full every month.
#96. What is #2 rule of money?
DAD: Strive to save 10 to 20 percent of your income.
#93. Dad, what about spending money?
Being good with money does not mean you don’t spend. And not spending does not make you good with money.
#91. Dad, what is a credit card?
DAD: A credit card is money that does not belong to you. It is not free, and the longer you take to pay it off, […]
#89. Dad, do you have advice about getting out of debt?
DAD: Just get started.
#87. Dad, what is a financially mature adult?
Somebody who has insight into the possible consequences of money decisions and the impact on their family and long term financial freedom.
#86. Dad, do I have to spend a lot of money to be content?
DAD: You don’t need to get out of the city to feel calm. You don’t need a gym membership to push your body. You don’t […]
#83. Dad, is money bad?
Money is not good or bad. It is merely a vessel that allows us to live our lives according to our values.
#81. Dad, what about spending money?
DAD: Being good at money does not mean you don’t spend it. And not spending does not make you good at money.
#76. Dad, should I start to invest?
Start by investing in your personal development and become an expert in one thing.