The Psychology of Debt – A Battle Between Your Two Brains

“Promises make debt, and debt makes promises.” –Dutch Proverb I received my first credit card when I was a plebe at West Point. Perhaps there should have been a hazing ritual to go along with it so that I would have been more scared of it than I was, but, hey, I was a plebe. […]

Hey, You Paying Off That Debt!

Yeah. You made mistakes. It stinks looking at that long road ahead. Your friends go out. They have a good time. They have nice things. You scrimp and save. You don’t spend on anything that isn’t absolutely necessary to keep your family clothed, fed, and sheltered. You have to say no when invited to join […]

If You Make a Million a Year, I Don’t Care if You Have a Car Loan

“If we could sell our experiences for what they cost us, we’d all be millionaires.” –Pauline Phillips I am not a fan of consumer debt. I have gone on the record as saying that there is no such thing as good debt. I was neck deep in credit card debt with absolutely nothing to show […]

Why Denying Yourself Doesn’t Work In Diets or Personal Finance

“It’s not denial. I’m just selective about the reality I accept.” –Bill Watterson Several years ago, my wife decided that she wanted to try the South Beach diet. For those of you who have never tried it, the diet involves two weeks of pretty serious food detox followed by a gradual reintroduction of some foods […]

4 Ways Monkey Brain Needs Convincing

“Persuasion is often more effectual than force.” –Aesop A few of you know that I went to law school for a year at the University of Virginia. It only took a year for me to decide that spending days upon days in law firm libraries was not the life I’d envisioned it to be (or […]

Use Anti-motivation to Pay Down Debt

“People often say that motivation doesn’t last. Well, neither does bathing – that’s why we recommend it daily.” – Zig Ziglar A common theme of thriller movies where the good guy is trying to get someone to do something distasteful is the use of the envelope. It’s the one that’s locked in the safety deposit […]