Personal Finance Advice

One of the things that gets people into trouble financially (and in a lot of other areas, too) is failing to actually think about what they’re doing. We’re all guilty of putting our lives on autopilot. We buy the brands we always have because they’re what we know. We shop in the same stores we [...]

I choose to be homeless. I am what is often referred today as a digital nomad. I travel full time although I do have a few “home bases” with family and friends where I’ll stay for a week or two in between my travels to new places. Most people who meet me for the first [...]

When it’s time to make financial decisions such as contributing to your retirement, paying down debt, saving for college, buying a home, and building an emergency fund, you need to ask yourself a question. “Will this change my life for the better?” This question is important because it’s the opposite of the question people usually [...]

I am a firm believer, from my own experience, that after committing to spend less than you earn, the most important thing that you can do for your finances is to truly understand what is important to you and what makes you happy. I know that at first glance this doesn’t seem like it has [...]

You cannot recover the money that you spend, but you can always earn more. Money will come to you from hard work, good fortune and simple luck. You will spend all of it or some of it and often you will be able to control how you much of your money you give back to [...]

Many times, when I help someone with their finances, I discover that their biggest obstacle is that they don’t understand opportunity cost and the impact it has on personal finance. In order to take advantage of an opportunity, something else must always be given up. Opportunity cost is basically what you lose by choosing one [...]

A recent Saving Advice article called on all of us to pursue the path of kindness when confronted with people who are suffering as a result of our current economic crisis. I am very much in agreement with the author’s plea that we approach people in hardship without “anger” or “resentment” – those emotions are [...]