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…
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,…
Water Savings Accounts and Money Reservoirs I live in a desert. The Salt Lake Valley gets about 15 inches of rain a year and semiarid deserts are classified as areas that receive between 8 and 20 inches of rain. And yet, the Salt Lake Valley today doesn’t look like a desert. The Mormon pioneers…
There is an old story about two colleagues talking during a break at work. One of them is a smoker and the other one isn’t. The nonsmoker asks the smoker how long he has been smoking. Between puffs he replies, “About a pack a day for 30 years.” The nonsmoker, obviously a personal finance nerd,…
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…
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…
Here are links to several of my favorite recent personal finance articles: Let Me Convince You to Save Money by Morgan Housel @ Collaborative Fund “Wealth is just the accumulated leftovers after you spend what you take in. And since you can build wealth without a high income but have no chance without a high…
Here are links to several of my favorite recent personal finance articles: Learning About Money from Mr. & Mrs. Miser by The Money Wizard at My Money Wizard I really enjoyed getting to know Mr. & Mrs. Miser in this article and I loved the plot twist at the end of the story. It turns…
A roundup of some of my favorite personal finance articles: I am a licensed CPA. Although I don’t work full-time as a CPA I do run a small tax business on the side, so February through April is a very busy time for me. I always vow to keep writing regularly during this time but…
