Motivation and Money Tip # 4: Create Milestones

As we discussed in Tip #3–Think Small, sometimes our long-term financial goals seem impossible. The Think Small tip reminded us that no matter how big the goal, it is achieved in small, easy steps. Setting challenging, short-term milestones will help motivate us to the next level in whatever we do. In personal finance, milestones can […]

Published or Updated: March 22, 2012

Real Estate or Stocks: Which is the better investment?

There have been several recent articles discussing whether real estate or stocks is the better investment. The subject came up in a round about way at Get Rich Slowly, which you can read here. The comments are interesting, so make sure to check them out. Real Estate Mega Book addressed the topic more directly, which […]

Published or Updated: March 22, 2012

Don’t Steal from St. Peter!

Last week, FiveCentNickel answered a reader’s question about whether one should cash out a Roth IRA to pay off a mortgage. FCN’s answer was the right one, I believe, and you can read it here. The question is of interest to me because my mom has asked me the same thing. My answer to my […]

Published or Updated: March 22, 2012

Motivation and Money Tip # 3: Think Small

Photo Credit: BRAYDAWG Sometimes the thought of saving a gazillion dollars for retirement is just plain overwhelming. And paying off a mountain of credit card debt seems impossible. It’s at these times that we need to think small. We need to realize that big, impossible, light-years away goals are achieved one step at a time. […]

Published or Updated: March 22, 2012

Motivation and Money Tip # 2: Remember the Future

Photo Credit: Shayan (USA) Why are we moving toward Financial Independence? It may be because we want to work less. It may be that we have a dream retirement home we want to build. For some of us it may be a desire to have more financial security. In the article on Financial Independence, recall […]

Published or Updated: February 14, 2013