The world is full of don'ts. Don't run with scissors, don't wear seersucker after Labor Day -- and please, do not feed the bears.
Some rules are designed to preserve social order by imposing stigmas on unseasonal attire while others are necessary to avoid potential stabbing or mauling catastrophes. All attempt to avert crises that may arise as unintended consequences of our Read more...
Ah, the freedom of college, where you can subsist on pizza and skip your biology class without the threat of parental retribution. But being on your own has its downside, too. Suddenly, you're paying some of your own bills. You may be taking on thousands of dollars in student loans. And you have to figure out whether your new Abercrombie jeans will push you over the spending limit on your Read more...
Being "upside down" is usually a negative term when applied to financial matters, but multimillionaire Robert Shemin believes that sort of thinking is ... well ... upside down.
Shemin, author of "How Come That Idiot's Rich and I'm Not?" feels there are two positions when it comes to wealth: right side up and broke, or upside down and rich. Shemin prefers upside down. Read more...
Seems obvious, doesn't it? And yet so many people, at all income levels, get messed up by failing to follow it. Having a financial plan for the future, even if it's imperfect, will make you happier and better off.
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It's a tough decision for any mom to make: stay at home with the kids during their early years or continue on with a career.
For some women, the decision is made a little easier by the opportunity to start their own business at home.
For Susan Macdonald of Fort Walton Beach, Fla., starting her own business at home wasn't a hard decision.
She did it for her kids.
When Read more...
Do you live from a sense of financial abundance? Or does a belief in scarcity cause you to live in fear?
I meet many people who do not feel they live in financial abundance, despite the fact that their wealth far exceeds the basic human requirements of food, shelter and clothing.
It's important to move from a fear of financial scarcity to a sense of abundance. This transformation Read more...
In the investment world, the old saying, "Don't put all your eggs in one basket," is often used as a reminder of the importance of diversification. While it is generally accepted that spreading investment risk around through the use of different types of investments is a prudent strategy, can an investor be too diversified?
"When it comes to investing, you can have too much of a Read more...
Spring has sprung, an old children's poem goes, which means many people are knee-deep in spring cleaning -- scrubbing floors, clearing out the garage and tossing all the clutter that's gathered over the winter months.
It's also an ideal time to consider sprucing up your financial life.
It's not just about tossing out old paperwork; it's about doing the regular maintenance to ensure that Read more...
Your wallet is stuffed with crumpled currency and raggedy receipts while loose change clutters the floor of your car. That doesn't have anything to do with your ability to build a sound financial future though, right?
Wrong. The way you handle your day-to-day cash speaks volumes about your money personality, according to personal finance experts.
"Our outer financial life is really Read more...
