What’s Your Financial Weakness - Where’s Your Trapdoor?
April 14, 2008
How many of you have seen at least one movie that involves the security of an impenetrable fortress being compromised?
-Sean Connery breaks into Alcatraz in “The Rock”
–Will Smith flies an alien craft into the mother ship in “Independence Day”
–Saruman’s Orcs breach Helm’s Deep in the “The Two Towers”
–Luke Skywalker slides a proton torpedo down a heating vent to […]
Smart Money Choices Don’t Always Feel Right
April 8, 2008
Do you follow your “gut instinct” when making money decisions? Often times that’s a great policy but in some cases, going against your mental reflex is a smarter move.
College Basketball LessonThis came to mind as I watched the NCAA basketball final last night between Mephis and Kansas. With seconds left in the game, up by […]
Managing Your Money is Easier Said Than Done
March 19, 2008
Have you ever given anyone advice, then looked back later and seen that advice from a whole different point of view? Maybe it was good, maybe it was bad, or maybe it was part right and part wrong.
While writing about money every day I make lots of suggestions and judgments about a wide variety of […]
Why Are Some People So Ignorant About Money?
November 1, 2007
Some people are good with money and others make downright horrible financial decisions. What’s the difference between the two groups? Why are some people so bad with money?
My wife was watching Suze Orman give people advice on credit card debt and home loan issues last night on Oprah and I was amazed at how clueless […]
Seven Major Obstacles to Financial Success from the Quiet Millionaire
October 29, 2007
One of the most important steps towards building wealth is learning what NOT to do. If you can avoid the biggest pitfalls then you have a much better chance of being successful.
As I read through the Quiet Millionaire I ran across a list of things that can be damaging to our personal finances. I’ve given […]
How Do You Value Your Money?
October 18, 2007
How do you decide how much money things are worth to you? How do you decide when you’ve spent enough?
eBay DiscountsI had an eBay customer ask recently for a discount if they bought two of the same item. I knew how much I stood to make with and without the discount and both amounts fit the […]
Which is a Better Gamble, Playing the Lottery or Starting a Business?
August 27, 2007
Have you ever heard a co-worker complain about their job then follow it up with something about quitting once they win the lottery? I feel bad for these people and would love to crawl into their head to read their thoughts. Do they really think they’ll win the lottery? If their life plan is based […]
Money Mistakes to Avoid - Procrastination
August 13, 2007
Why do today what you can put off until tomorrow? If that is your motto then this post is for you!
Time is MoneyEven if you’re not a procrastinator by nature, you’ve probably had a time or two where putting something off cost you money. Whether it’s paying money you shouldn’t be because you forgot to […]
What Would You Hide From Your Spouse to Save Money?
August 4, 2007
Does your spouse, boyfriend, or girlfriend spend more money than you’d like? Do they spend money on things you don’t agree with? I met some people the other day that have a sneaky tip for you.
Gadget BusterNote: Names have been changed to protect the innocent. I was out to lunch the other day with Sue […]
Money Mistakes To Avoid - Misunderstanding Risk
July 12, 2007
Fear and past experience are too often what drive our perception and preparation for risk.
Past ExperienceThe article “Seven Money Mistakes to Avoid” in Smart Money magazine talks about “availability basis”, a term psychologists use to describe how people measure risk mentally. We rely on images and emotions that come easily to mind when gauging how to prepare for […]
