I first introduced this idea back when I saw someone whose work I admire, Dave Ramsey, tout some rather uninformed financial advice on “buy term insurance and invest the rest” to his huddled masses. This time I take a look at a long list of shallow financial advice published for the sole purpose of “looking useful”, rather than being effective. On the surface the suggestions might sound good to the casual reader, but without discussing related information and situations, can be misleading and financially riddled with hazard. So, let’s dispel some poor financial advice. Continue reading “Thick as a Brick Award – June 2018”
When you keep a budget, you should know where your money is, where it went, what it’s being used for, and how much you have reserved for your personal use. The reason that many people don’t have money is that they don’t plan to have money. Really, that’s not a flippant statement. People who have money have made a plan to have money; meaning they’ve made a decision and a plan to not spend everything they make. Continue reading “Guilt-Free Spending (part 2)”
‘Why do I feel guilty spending my own money?’ is a question that many people struggle with.
The seeds of this article stem from that question I saw posted in an online forum that I really had the desire to address. When I tried to access the answer page to submit an answer, the user had retracted their question, likely thinking that it wasn’t a valid concern. I thought it was a very valid concern and I had thought, “I know exactly why she feels guilty” and wanted to help. So, since I didn’t get to answer the girl’s question, I’ll address it here and hope that she and others who have that same very common concern find it someday. Continue reading “Guilt-Free Spending (part 1)”
Empowered to do what you’d like to do and to be who you’d like to be. All too often these days people, organizations, and ‘authorities’ are making all too many decisions ‘for your own good’. If you’d like to retain or recover more of the ability to make your decisions based on your own values, you might want to ‘empower yourself’. And you don’t need anyone’s permission to do it. Continue reading “The Game You Write Your Own Rules For…”
Releasing Friday April 28 and entitled Guilt-Free Spending, Part 1, the next article deals with ‘buyer’s remorse’ and the guilt some people experience when spending their own money. It’s not an uncommon phenomenon!
At the time this article is being written, there are people discussing in our government representation (and in fact worldwide) the removal of cash in the form of currency from the monetary system. While I’m no fan of the current state of our currency system, it’s important to understand the effect that such a consideration has on society and your freedom as an individual. First, without cash, you will have to process purchases, any and all purchases, through a system that processes payments, and the entity running that system will be able to track every transaction that you make. The standard argument is that, ‘if you aren’t doing anything wrong, then you have nothing to worry about’, until you actually have to live under that system. Bear with me as I illuminate the issue: Continue reading “A Cash-ionary Tale”