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Personal Finance FAQ

The Endowment Effect: Why You Should Buy a Foreclosure and Never Sell to an Investor

“We wants it, we needs it. Must have the precious. They stole it from us.” –Gollum Imagine that you have to sell the house you grew up in. For those of you who have had to do this, I’m sure just thinking about it brings back a wash of memories. Your house is your home. […]

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Personal Finance FAQ

Are You Overloading Yourself With Stock Information?

“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” –Mark Twain How surprised would you be to see a headline touting the following? Down Drops 500 Points Today, Creating GREAT Buying Opportunity! You don’t ever see […]

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Personal Finance FAQ

What Are Your Priorities in Life?

“Action expresses priorities.” ― Mahatma Gandhi What is a discussion about priorities in life doing in a finance blog? Everything. Your priorities in life should be dictating what you’re spending your money on. If you’re not going through your life with intentionality, you won’t be aligning your resources with your priorities. If you’re not budgeting, […]

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Personal Finance FAQ

Retire Early And Die!

“All men think all men mortal, but themselves.” –Edward Young A recent study of a cohort of Austrian retirees came to the conclusion that retiring early was likely to decrease your life expectancy, particularly if you are a male.  The title of the study even could lead one to believe that the best way to […]

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Personal Finance FAQ

Personal Finance FAQ Series: What Do I Need to Consider When Purchasing Life Insurance?

Today’s installment of the personal finance frequently asked questions series deals with life insurance. What Do I Need to Consider When Purchasing Life Insurance? Also, if you’re considering purchasing whole life insurance for your infant, I recommend against it. What questions would you like to see me answer? Leave me a comment and let me […]

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Personal Finance FAQ

Personal Finance FAQ Series: Why Should I Pay My Credit Card Off Each Month When I Can Just Pay the Minimum Balance?

Today’s FAQ series post answers a question that a lot of us have about our credit cards: Why Should I Pay My Credit Card Each Month When I Can Just Pay the Minimum Balance? What questions would you like to see me answer? Leave me a comment and let me know!