by Gayle B. Tate
We have all seen difficult times, so that’s nothing new.
My wife and I started our business at exactly the wrong time. Although we established it in 1967, we opened our first brick and mortar operation in 1972. Within a year, the “big recession” of ’73 began.
Some of you might remember when you had to wait in line for hours to get gas for your car? Well, while
Continue reading The High Cost of Being Poor (and How to Vanquish It)
We tend to give “luck” far too much credit for people’s good fortune. Likewise, we often blame our own personal misfortunes on bad luck. While it’s true that luck is often due to pure chance, more often than not it’s the result of something we actually can control: our mindset. That’s why it’s no coincidence that the “luckiest” people tend to be optimists who are, by
Continue reading 100 Words On: Why Luck Is So Overrated
Sometimes things in life aren’t always as you might reasonably expect them to be. Many things actually defy all sense of logic.
For example, several years ago, a reasonable person watching Justin Bieber sing on a city sidewalk for spare change would most likely assume the kid wasn’t destined for much success in the music business. Of course, that assumption turned out to be totally incorrect, as he is now a
Continue reading 14 “Dubious” Personal Finance Moves It’s OK to Do. (Really!)
Don’t fall into the trap of thinking that one has to be “rich” to attain financial freedom. There are lots of people earning millions per year who aren’t financially free, just as it’s also true that there are folks earning less than $40,000 annually who are financially free. The latter case is more common than you might think because financial freedom doesn’t depend on money so much as it relies
Continue reading 100 Words On: Why Financial Freedom Requires Very Little Money
When it comes to matters of personal finance, trying to find the optimal solution can be counterproductive simply because many decisions don’t require extensive research. One of the best examples of this is when comparison shopping for a certain product or service. Typically, a modest survey of three to five samples is all that’s necessary before enough information is available to make an enlightened decision.
The bottom line: Whether you’re choosing
Continue reading 100 Words On: When Financial Perfection Is the Enemy of Good
Nothing is easier in life than to blame the other guy when we encounter problems. That’s because it takes real courage and integrity to look inward and take responsibility for all of the troubles that are a direct result of our own making. When we take ownership for every decision we make in life, we become powerful in the eyes of others. It also earns us trust and breeds opportunities.
Continue reading 100 Words On: Why Personal Responsibility Is the Key to Success
I didn’t eat out too often as a kid, but when I did, you can bet I almost always enjoyed it.
I remember Dad always used to joke that he didn’t have enough money to pay the restaurant bill. “Well, it looks like they’re going to make us go into the kitchen and wash dishes,” he’d say with a wry smile. Hey, that always made sense to me.
Fast forward to last
Continue reading True Story: What Happens When You Can’t Pay the Restaurant Bill
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
According to Freddie Mac’s most recent survey, there is currently a spread of 0.79 percent between the 15- and 30-year fixed rate mortgage benchmarks, which just so happens to be the largest spread since Freddie started tracking the 15-year mortgage 20 years ago; for comparison purposes, the average spread over that same time period has been only 0.47 percent.
I think most people naturally assume that, when it comes
Continue reading The 15 vs. 30 Year Mortgage Loan Debate: Why 30 Is Better
By the time kids leave the 5th grade they should know how to calculate simple percentages, which is one of the most critical mathematical tools we have at our disposal after we become adults.
Well, at least it is for those of us who enjoy eating at fine-dining establishments but aren’t willing to trust our waiter to suggest the appropriate tip for services rendered.
That being said, let’s assume for a moment
Continue reading Are You Smarter Than a 5th Grader? Then Calculate This Bill’s Tip…