Drive-in banks were established so most of the cars could see their real owners. – E. Joseph Crossman, American businessman The Car Buying Process We established in an earlier post that we should avoid going in debt to purchase items that depreciate, or lose value over time. Cars depreciate very quickly yet most of us,…
An expensive car or home does not make one wealthy. In fact, the inverse is more likely true. –Richard Paul Evans, best-selling author. Some pretend to be rich, yet have nothing; others pretend to be poor, yet have great wealth. Proverbs 13:7 Some Old-Fashioned Cowboy Wisdom Big hat, no cattle is an old cowboy saying,…
Charles Dickens is one of my favorite authors. In fact, The Micawber Principle, after which this blog is named, comes from one of his books. Perhaps Dickens’ most famous book is A Christmas Carol, the classic tale of the transformation and redemption of Ebenezer Scrooge. I have always enjoyed A Christmas Carol but never thought…
It was Labor Day, 1966 and a young father, with his wife and four-month old baby boy, were driving across the high plains of Wyoming late at night. The father thought he had enough gas to make it to Rock Springs but with the lights of the town in sight the car sputtered and rolled…
I have always believed that sharing what we have with others is an important part of personal finance. This idea was reinforced in an unforgettable manner for me and my family in December of the year 2000. My wife Alice and I had four children ranging in age from 3 to 12. I had quit my…
“Probably the biggest cost that can wreak havoc on your financial future is to allow yourself to get saddled with credit card debt. There is no way you can get ahead of the game if you are paying 18 percent a year interest on your credit card… There are few “never” rules in personal finance,…
