Like death and taxes, managing our personal finances is inevitable. We cannot choose whether to do it or not, only whether to do it well or poorly. We all need to become experts on our own personal finances because no one cares about them more than us, but studies show that most of us do not have the knowledge or skills we need to make wise financial decisions.
A lot of people think personal finance is complicated and hard to understand. This is probably because many financial experts – usually those trying to sell you something- make things harder than they have to be. My study of personal finance reveals that most often, as stated by Nobel Prize winning economist Paul Samuelson, “the prudent way is also the easy way.”
The purpose of this blog is to teach the simple principles of personal finance – spend less than you earn, get out of debt, and invest for the future – in a way that is easy to understand and apply. It is not about quick fixes but about learning and applying time-tested principles over a lifetime. I am not trying to sell anything, so I don’t have any conflicts of interest. This allows me to present the topic of personal finance in a completely unbiased manner.
I will write at least once a week, maybe more. Topics will include budgeting, debt elimination, investing, taxes, and others. I will present these topics in a way that is easy to understand and interesting. My goal is to provide the knowledge and tools you need to make wise financial decisions and become an expert in your own finances. I look forward to sharing.