Category: Money

How to Modify Your Personal Finance Behavior

mone“But mom…I really need that new toy!” “Dad everyone at school has a new pair of Air Jordans and I won’t be cool unless I have them!” “The next door neighbors just bought a puppy and I want one too!” As a young kid these are some common statements you will hear your kids or maybe even …

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Top 5 Reasons to Open Your Next Bank Account Online

In 2003, I first heard about online banks and how they were offering so much better interest than all the brick-n-mortar banks. At the time, I felt extremely uncertain about investing my hard earned money in a bank that I couldn’t see and touch if I wanted to get my money out. Fast forward 13 …

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What to do Based on Events at LendingClub?

A couple of weeks ago, Aaron, e-mailed me an article from Google Finance showing how LendingClub.com was going through a number of regulatory problems. It came as a surprise, because I had recently (in December) started investing in LendingClub with the revenue I have been making off my egg sales. In essence, this is extra …

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10 Principles for Handling Money in Marriage

Some alarming statistics I came across recently got me thinking about how handling finances well within a marriage is so important. For example, according to Dr.Phil.com, money is the number one problem in marriages and the number one cause of divorce. Jeffrey Dew’s paper titled Bank on it: Thrifty Couples are the Happiest, claims that …

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What to Do With a Gold Inheritance?

Last week, Laura commented on my monthly income report and was interested in what I was doing with selling gold/silver coins. She had mentioned that she received an inheritance of gold coins, and what she should do with them. To be completely honest with you, my view of gold has significantly changed since I watched …

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My Attempts at Spring Cleaning Our Finances and a Challenge

Here in Minnesota, the spring season brings us green grass and all-out cleaning. Everything from the windows and automobiles, to the porch and our personal finances. Yup, even the finances. While we’re cleaning up everything else – why not our bills and other money matters? With the budget tightening around the house (due to my wife leaving a …

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Why Having More Money Can Make Us Thoughtless Jerks

I had just picked up Frank (a relative) from the airport and we were making our way onto the highway. We soon came upon breaking cars as the two-lane narrowed to one. While there was some room ahead of us, we followed the cars in front as they formed into a single-lane. As we slowly made our way …

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What to Do When You Feel Overwhelmed With Your Finances?

With consumer credit debt, mortgage debt, student loan debt, and our ever increasing national debt, it is easy to become overwhelmed. Overwhelmed into not doing anything. It makes a person feel like there is no hope into taking no action at all. Are you just scraping by month to month and are just one or …

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How to Stay Focused On Your Yearly Goals

Ever since I graduated college in 1999, I have set out all my goals from 22 to 85 years old. I met with a financial adviser right out of school, and he said one of the biggest things you can you do to secure your financial future is set goals. Goals from now until when you think you’ll …

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