Category: Saving

4 Fantastic Ideas to Help Grandchildren Financially Without Spoiling Them

Nobody can do for little children what grandparents can do.  Grandparents sort of sprinkle stardust over the lives of little children.  – Alex Haley, author of Roots It might be true that grandparents sprinkle stardust over the lives of their grandchildren but grandparents are richly rewarded in return.  I had always heard how great it…

When Good Financial Advice Is Bad

Run Your Own Race!Money advice that’s financially sound may not be psychologically sound. – Catey Hill In his book Smarter, Faster, Better author Charles Duhigg recounts an interesting experiment done at Duke University several years ago. The subjects were varsity athletes. They were taken to a running track, placed 200 meters from a finish line,…

Lessons in Saving from an Ancient Greek Wrestling Champion and a Nobel Prize-Winning Economist

Milo of Croton was the most celebrated athlete of the ancient world – the Michael Jordan of his time. He won an astounding 6 straight wrestling competitions at the ancient Olympic Games, dominating the sport from 540 BC to 520 BC. What allowed Milo to remain dominant for so long? Milo’s chief advantage over his…

Build Like a Bee: Artificial Scarcity is the Key to Building a Financial House that Will Last

The writer of Proverbs stated, “There is that maketh himself rich, yet hath nothing: there is that maketh himself poor, yet hath great riches. (Proverbs 13:7)”.     Craig Matters reminds us to “…use technology as a substitute for willpower by having funds automatically deposited into retirement or other savings and investment accounts.” Ronald T. Wilcox explains…