“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. [...]
Will You Retire Because You Want to or Because You Must?
“Age–that period of life in which we compound for the vices that we still cherish by reviling those that we no longer have the enterprise to commit.” –Ambrose Bierce Advisors have been spewing warnings for years that the Baby Boomer generation wasn’t saving enough money for retirement and that when that day came, they wouldn’t [...]
Reasons to Keep More Than a Six Month Emergency Fund in Cash
“Banks introduced the installment plan. The disappearance of cash and the coming of the credit card changed the shape of life in the United States.” –Jerzy Kosinski As Black Monday erupted and people were jumping out of windows, a phrase was born. “Cash is king” posited Per G. Gyllenhammar, the CEO of Volvo. Thus a [...]
