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
Most of us learn to fear failure and avoid it at all costs. During our quest for financial freedom, however, we’ll encounter plenty of failures. Usually, we learn from them and move on. Sadly, the fear of failure is also used as a convenient excuse for some folks who dig themselves into a deep financial hole and are looking for any reason to avoid the hard work of overcoming their
Continue reading 100 Words On: Why You Should Never Ever Be Afraid of Failure
Coupons can save you hundreds of dollars each year, if not more. So why is it that so many people choose not to use them? Maybe it’s that they don’t consider them worth the trouble, or have had bad experiences with using coupons in the past. It could be that people just don’t know where to look to find good coupons, or they don’t understand how to get the most
Continue reading 10 Money-Saving Tips to Get the Most From Coupons
According to the New York Daily News, Chelsea Clinton and Marc Mezvinsky spent roughly $3.3 million in 2010 on their marriage celebration.
Talk about a big fat expensive wedding.
The good news is, more than three years after saying “I do,” the famous couple is still, apparently, happily married.
Truth be told, 18 years ago I spent a little over $6000 on my wedding, excluding the Honeybee’s engagement ring and wedding band.
With that in
Continue reading Your Big Fat Expensive Wedding: Stupid Is As Stupid Does
Many people dream about reaching the million-dollar net worth milestone, as if that lofty benchmark somehow guarantees a strife-free financial life. Preposterous! Net worth — the value of your total assets minus your total liabilities — is overrated because it’s very misleading, as evidenced by many “paper millionaires” who struggle to make ends meet. Yes, net worth is a terrific indicator for estate planning, or identifying how much insurance you
Continue reading 100 Words On: Why Tracking Your Net Worth Is So Overrated
Never assume that just because a person holds an MBA, he knows how to run a business; the road is littered with MBA-sporting CEOs who ignominiously drove their companies into the ground. Conversely, there are just as many CEOs — guys like Microsoft’s Bill Gates and Oracle’s Larry Ellison — who achieved phenomenal success without the fancy business school sheepskin.
The bottom line: If guys like Gates and Ellison can successfully
Continue reading 100 Words On: Why You Don’t Need an MBA to Manage Your Finances
One of the more difficult jobs any parent faces is teaching their kids the value of a dollar. Sadly, some kids never learn that money doesn’t grow on trees.
It may seem cruel, but parents who aren’t afraid to let their kids spend their money on ill-advised purchases — especially those with limited shelf lives — are actually doing them a favor. Experience is a terrific teacher and, with respect to
Continue reading 100 Words On: A Surefire Way to Teach Kids the Value of Money
Not too long ago a twentysomething friend of mine was telling me all about the brand new big-screen television he bought. According to him, it was a great deal.
“How much was it?” I asked.
“I paid $2000 after I got the guy to knock $400 off the price tag. I couldn’t pass it up!”
“Awesome! You paid cash, right?”
“No way!” he said. “I put it on my credit card.”
“I hear ya. I
Continue reading When It Doesn’t Pay to Buy Big-Ticket Items on Sale
When it comes to great gift ideas, I always struggle — especially for people who have everything.
My family draws names every year as part of our annual Christmas gift exchange. It’s typically done a year in advance, on Christmas Day, long after all the presents have been opened, and everybody has stuffed themselves on our traditional cavatelli dinner.
I remember one year when I had the misfortune of pulling Uncle Paul’s
Continue reading 9 Great Gift Ideas for People Who Have Everything
Maybe you heard about that infamous Kelton study from 2007 that found Americans could identify more ingredients in a Big Mac than the individual Ten Commandments.
It’s true, folks. Eighty percent of Americans knew there were two all-beef patties in a Big Mac — but just six in ten could identify “Thou shalt not kill” as one of the Ten Commandments. I know.
I’m sorry to say my anecdotal research verifies the
Continue reading The Ten Commandments of Personal Finance