Do You Need to Save Money in Your Twenties? Part 2

“The trick is to stop thinking of it as ‘your’ money.” – IRS auditor Previously, we were looking at the answer to the question of whether or not saving money in your 20s really mattered. After all, you’re young, and you have decades of earning potential ahead of you. You should live it up, right? […]

Do You Need to Save Money in Your Twenties?

“Old men are always advising young men to save money. That is bad advice. Don’t save every nickel. Invest in yourself. I never saved a dollar until I was forty years old.” –Henry Ford When I was in my early twenties, I was pretty carefree and footloose. Actually, I was simply fooling myself into thinking […]

Can You Ever Get Back From the Frugal Tipping Point?

“I went to the bank and reviewed my savings, I found out I have all the money I’ll ever need. If I die tomorrow.” –Henry Youngman “It’s a fine line between frugal and being a cheap *$#&$.” –Anonymous I loved Thomas J. Stanley’s book The Millionaire Next Door. I found the stories inspirational, and they […]

The Transition from Mass Advice to Personal Advice

“It is proof of a base and low mind for one to wish to think with the masses or majority, merely because the majority is the majority.” –Giordano Bruno “If you will live like no one else, later you can live like no one else.” –Dave Ramsey Continues Below Subscribe to Receive My 52 Week […]

Why Save in a Low Interest Rate Environment?

“There is a certain Buddhistic calm that comes from having….money in the bank.” –Tom Robbins A recent study showed that 41% of Americans have less than $500 of liquid savings available in the case of an emergency. Furthermore, 54% of respondents in the same survey revealed that they had no specific savings strategy in place […]

What Jürgen Klinsmann Can Teach You About Personal Finance

“We want to start them thinking that they’re responsible for their own career.” –Jürgen Klinsmann For those of you who do not know who Jürgen Klinsmann is, he’s the coach of the United States men’s national soccer team. He was one of Germany’s premier strikers and the lead striker in their 1990 World Cup victory. […]