Budgeting is the foundation of successfully managing your money. It is difficult to achieve any lasting financial success, regardless of how much you make, if you don’t use some kind of budget to help you control spending. So to help you better manage your money here are the ten smartest things ever said about budgets.…
Humor can be a great teacher. The reason is that for comedy to work it has to be built on a foundation of truth. One of my favorite comedians, Steven Wright, said, “What I like about the jokes, to me it’s a lot of logic, no matter how crazy they are. It has to make…
“Heuristics are simplified rules of thumb that make things simple and easy to implement. But their main advantage is that the user knows that they are not perfect, just expedient, and is therefore less fooled by their powers. They become dangerous when we forget that.” – Nassim Nicholas Taleb In the spirit of Taleb’s quote,…
Benjamin Franklin famously said, “A penny saved is a penny earned.” The witty poet Ogden Nash quipped “A penny saved is – impossible.” The financial writer Andrew Tobias, in his great book The Only Investment Guide You’ll Ever Need, points out that Franklin’s quote needs updating. The updated version, according to Tobias, should read, “A penny saved is…
Merrit H. Egan grew up on a dairy farm but claims his parents raised him to be great. He lived up to those lofty expectations by becoming a successful and prominent physician in Salt Lake City. Merrit and his wife had 11 children and they did their best to pass on the legacy of success…
