Thomas Corley, the author of Rich Habits: The Daily Success Habits of Wealthy Individuals, spent five years studying the activities of wealthy people. During his research, Corley discovered an interesting common denominator shared by the 177 self-made millionaires in his study. A striking hallmark of the extremely wealthy was the conscious effort they put into […]
By keeping tabs on your finances, you can create a secure and fulfilling future. That’s where a personal financial statement comes in. At its core, a personal financial statement offers an overview of where you stand financially at any point in time. It can help you succeed in various aspects of your life. Why You […]
There’s no doubt that attending college can be expensive. So it’s not surprising that many potential students are looking for ways to save money on a college education. There are plenty of small moves you can make to do this, but there are also some more drastic options you could consider. Here are four of them: […]
After years of writing about personal finance, I can confirm something important. Many people strongly resist ‘frugality’, and some of them have very good reasons. One thing I’ve noticed is that if you grew up middle-class and secure, frugality can seem attractive and fun. If you grew up poor and deprived, frugality can be triggering […]
Making money from your hobby is a dream for a lot of people, but it’s easier said than done. The old adage to ‘do what you love and the money will come’ is pretty much hogwash. Doing what you love won’t make you money unless you put it in the context of a workable business […]
My theme word for 2021 is simplify. I plan to apply it to every area of my life. But I’m starting with my finances. Running your personal finances in a streamlined, simplified way is a key step on the road to eliminating financial stress and improving your financial position long-term. If that’s sounding attractive to […]
When people think of financial professionals, a local financial advisor most often comes to mind. And with approximately 300,000 financial advisors in the U.S., the role they play helping millions of Americans invest and improve their financial health is considerable. Beyond financial advisors, there are other types of financial professionals to consider as well, including […]
The Roth IRA Is a Sweet Deal in Many Cases In a previous article, I mentioned how I wish the Roth IRA would have been available when I started saving for retirement in the early 90s. Back then, I lived in Texas, where there are no state or local income taxes, and my annual income […]
As a Certified Public Accountant (CPA) who used to prepare taxes for individuals, many people are often surprised to learn that I don’t even prepare my own income tax returns anymore. So I can attest to the challenge people face when searching for the best tax preparer for their unique needs – not all tax […]