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It may seem hard to believe at times, but the 44 Americans who have had the good fortune to be called “Mr. President” are really no different than the rest of us. Oh sure, sitting US presidents may be considered the most powerful men in the free world, but at the end of the day they still put their pants on one leg at a time. Yes, some were financially successful Continue reading 18 Personal Finance Facts You Didn’t Know About US Presidents The other day I was talking to somebody (who, um, shall remain nameless) who was lamenting the fact that he couldn’t find enough discretionary income for an annual family vacation. I found that fascinating considering Eddie (oops!) drives a brand new BMW and lives with his family of four in a modest Southern California neighborhood. Of course, life is all about choices. Eddie — oops, I did it again — may be upset Continue reading The 4 Biggest Ways to Stretch Your Income My son, Matthew, is quickly approaching his 16th birthday and so I’ve been giving him a few driving tutorials. I haven’t let him get behind the wheel just yet — that’s on next month’s agenda — but it’s gotten to the point now where every time Matthew and I are in the car together, I take a few moments to pass along a tip or two regarding the rules of the Continue reading The Unconventional Wisdom of Household Strategic Planning Recently the Honeybee alerted me to the fact that our hot water heater was making popping and cracking sounds that she had never heard before. This got me a bit worried because the heater was 12-years-old and I knew it was on its last legs. When a water heater dies it’s not a pretty sight. Trust me when I say it is always better to put an old heater out to pasture Continue reading Dear Diary: How I Fixed My Water Heater Without a Plumber and Saved $400 Whether you’re starting college for the first time, or going for a different degree years later, you should look for ways that you can save money during college. College is a great expense and many people incur thousands of dollars of debt in student loans. You shouldn’t add any more debt on top of it. Learn how to manage your money during college, and find ways to cut back on Continue reading Save Money: In-School or Going Back Food isn’t cheap. Want proof? Then chew on this: I spent almost $12,000 in groceries last year for my four-person family, including two teenagers. And what’s really scary is that I work very hard to keep my food bill as low as possible every year. I shudder to think how much more I’d expend on groceries every year if I didn’t try to control costs. There are many methods for cutting your grocery Continue reading Essential Tips for Lowering Your Grocery Bill (Part 2) Financial freedom can be a difficult term to define, but at a very basic level it simply means controlling your own finances entirely. In order to gain financial freedom, you have to be free of debt, able to provide for yourself, and able to prepare for your future. However, achieving those goals is often easier said than done — particularly in times of economic hardship such as those that much of Continue reading 6 Basic Steps to Help You Achieve Financial Freedom Let’s face it, the more choices we have in life, the richer and more rewarding it becomes. Fortunately, I’m currently in that coveted sweet spot where I can do pretty much whatever the heck I please, whenever I want. Don’t get me wrong. I’m not in a position to buy whatever I want, but I am able to take advantage of a lot of opportunities in life that are typically out of Continue reading No, I’m NOT Rich. But I Am Financially Free. Here’s How I Got There. As this penny illustrates, even the United States Mint occasionally makes money mistakes. I’m not ashamed to admit I’ve made more than a few mistakes in my lifetime. After all, everybody screws up occasionally; for us humans, mistakes come with the territory. For example, I remember the time I decided it would be great fun to play Wii golf for eight consecutive hours. So I did. Unfortunately for me, my middle-aged left Continue reading The 50 Biggest Money Mistakes Household CEOs Make Roughly 3 in 10 people now borrow money from their 401(k) retirement plans. Generally, you can borrow half your account balance — up to $50,000 — for as long as five years. True, it’s among the cheapest loans available because the interest rate is typically the prime rate plus one percent, and interest is paid to yourself. Even so, the risks are steep; not the least of which is the Continue reading 100 Words On: Why You Should Resist Borrowing from Your 401(k) |
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