Have you heard of the phrase “poverty charges interest”? Tay Zonday posted a Tweet on Jul 19, 2018, that read: Being poor now just leads to being more poor later. Can’t pay to clean your teeth? Next year, pay for a root canal. Can’t pay for a new mattress? Next year, pay for back…
Short answer: probably not. There are a lot of things to consider in making your decision, but there are a few especially important things to consider before making this decision. Am I already reaching my other financial goals? You should have a very solid idea at this point in the planning stage of…
A lot of people wonder how they’re doing (financially) relative to others. It’s an interesting question to ask, with a complex answer. For the sake of just sharing some interesting data, we’ve outlined the answer below, but it’s important to emphasize that you can’t compare apples to apples. Not everyone is dealt the same deck…
Why should I consider giving away some of my hard earned money? What would you give for a little dose of long lasting happiness? It turns out giving of ourselves produces a longer lasting high than food, drugs, sex, fame or fortune. A famous Chinese proverb says: “If you want happiness for an hour,…
Financial Independence, Retire Early (FIRE) is a movement dedicated to a program of extreme savings and investment that allows proponents to retire far earlier than traditional budgets and retirement plans would allow. By dedicating up to 70% of income to savings, followers of the FIRE movement may eventually be able to quit their jobs and…
We’re all familiar with the concept of Payday loans; high interest, nearly-criminal lending to those who’ve found themselves living a little more stretched than just “paycheck to paycheck”. I’ve heard stories where people make their required payments on time, for the designated number of months, thinking they’ve paid back their debt in full, only to…
We’ve all heard the phrase, “less is more”. But why is this? It turns out, there’s a psychological reason for it. Humans are wired in a way that, when presented with too many options, we actually can experience decision fatigue. Psychology Today talks more about this concept in this article. The Minimalists would describe…
On our left shoulder, every one of us has a silky smooth reddish man with a beard almost as pointy as his horns. He’s got a strong jaw, endless confidence, and we kinda like the sound of his voice in our ear. It’s exciting when he comes around and always a thrill to hear his…
By: Diane Darling An Evil Stepmother’s Guide for Teaching Your Child Personal Finance, PART 3 In Part 1 of this series, we explored about how to talk to your kids about their money. In Part 2, we discussed how your children might earn money with which to learn financial literacy. In this part…
By: Laura Walton AFC® In April of 2016 we launched our first 3rd Decade classes, two classes each with 20 participants. Word of mouth filled six classes the following year with 120 participants; we expanded from Tucson to Tempe and Flagstaff. In the three years since, growth hasn’t abated. Our statistics show that…