Living within your means is a great idea, but it may not grow your wealth. Some believe that financial planning is an exercise in living within your means. From my perspective, that is not the entire story. Spending within your means may not have you allocating your money into categories that will sustain you through
Children are capable of more than we give them credit for. Adults often think of investing as a difficult topic, because it was difficult for them to learn at age 30 or 40, but children are so much more moldable and teachable. As parents, we’ve got to use that. Sometimes it means raising your expectations,
Shutterstock When my sons were in elementary school, I wanted to make sure they nailed three basic money lessons: saving, spending, and sharing. As an adult, the art of managing money isn’t much different from the piggy-bank lessons we teach our children. If we can get these three things right, we can master our finances.
An enviously money-savvy friend once told me: If you’re in debt or want to know how to save money, the most important thing is to be honest with yourself about your needs. Maybe your monthly budget absolutely must include sheet masks or weed. Maybe you would *literally die* without an afternoon coffee, or perhaps your
If you’re like most new business owners, you probably took the risk of starting your own business because it’s a lifelong dream or passion. The thing is, most business owners often forget that it takes money to make money – especially when you’re just starting out. There are many overlooked costs. Sometimes these expenses are
Photocredit: Getty Last year was a busy year for divorce attorneys. Changes in the tax laws precipitated a flurry of year-end activity with people trying to finalize their divorces by December 31 before the tax law changes took effect on January 1, 2019. Under the new tax laws, alimony is no longer deductible by the