by Mike Glanz
Hello all! I am a big time fan of Len Penzo and it’s a privilege to share some of my thoughts on his blog. A few weeks ago, I read Len’s article on why choosing debit or credit is like picking salad dressing; in that post he mentioned that he always chooses credit over debit when using his bank card unless he needs some cash back.
Today, I’d like
Continue reading How Choosing Credit Over Debit Hurts Small Businesses (and You)
It’s been said that if the palm of your right hand itches, you’ll soon be coming into money. On the other hand (seriously, no pun intended), it’s also been said that if your left palm itches you’ll soon be paying out money.
Don’t laugh. There are folks out there who actually believe this stuff.
What is funny though is if you do an internet search, you’ll find there is no consensus at
Continue reading 10 Old Wives’ Tales Masquerading As Financial Rules of Thumb
A couple weeks ago I shared with you ten characteristics of debt-free people of modest means.
In that article I specifically asked my readers to consider this question:
“Why is it that there are families out there with household incomes under $40,000 comfortably making ends meet and saving for retirement with no debt on the books – or at worst, a single mortgage payment – while others who make millions per year
Continue reading If You Can’t Live on $40,000 Per Year, It’s Your Own Fault.
The other day a friend and I were discussing why some people manage to live their lives in complete control of their finances, while others are constantly trying to get out of debt fast – and usually in hock up to their eyeballs no matter how much money they make.
I’ve preached that financial freedom can be achieved by anybody regardless of their income level more times than I care to
Continue reading 10 Key Characteristics of Debt-Free People (of Modest Means)
It is a truism that most big spenders are showoffs; they feed off attention.
Ironically, while your typical big spender works 24/7 trying to impress others, most of the time they rarely do so.
There is a small segment of the population, however, that naturally gravitates to these self-absorbed cocks-of-the-walk. Younger women, especially, seem to be lured by the glitter and glam of these show-offs, hoping to get just
Continue reading The Ugly Truth: Why Big Spenders Are Terrible In Bed
That’s right. Although having a million bucks isn’t as impressive as it once was, it’s still nothing to sneeze at.
In fact, Reuters reports that in 2009 there were 7.8 million millionaires in the United States.
That’s a lot of people, people. And the odds are one or two of them are living near you.
Heck, one of them might even be your neighbor. In fact, the odds are very good that it
Continue reading 19 Things Your Suburban Millionaire Neighbor Won’t Tell You
Do I think it’s wise for you to pay off your mortgage early?
You may as well ask me if I think it is a good idea if you paint your living room sage green.
I used to think paying off your mortgage was an absolute no-brainer.
Then I did a complete 180, changing direction like one of those day-glo orange heliport windsocks. Oh yes, I did.
After resurveying the macroeconomic condition of the
Continue reading 12 Good Reasons Why You Should (and Should Not) Pay Off Your Mortgage Early
Reverend Len from the First United Church of Our Lady of Blessed Household Finances is back in his pulpit and I know you all know what that means…
Yep. It’s time for another homily for my small but faithful congregation!
I’ve already showed you how faithfully following my ten commandments of personal finance will guarantee you financial freedom.
Can I get an Amen, people!?
I’ve also explained the evils of the seven deadly sins
Continue reading Beware The Four Horsemen of Personal Finance
Presidents Day is set aside for us to remember the accomplishments of those few special men who have occupied the White House.
While we remember our presidents for their skill, their courage, and occasionally their failures, it is rare that anyone thinks about their personal financial situations.
Yes, several of our most famous presidents, including those February birthday boys, George Washington and Abraham Lincoln, suffered from serious debt problems during harder times
Continue reading Six American Presidents Who Suffered with Personal Debt Problems
This is a guest post by Jennifer Lohan from Finance Buzz for Us.
If you allow your debts to pile up, they can draw you into a vicious debt cycle. You can try to solve the debt problems on your own by implementing some severe austerity measures such as cutting spending to the bone, and selling luxury items to free up cash. You can also look at getting assistance from a
Continue reading Why Now Is The Best Time to Pay Off Your Debts