Rich Dad Gives Lousy Advice

I read Robert Kiyosaki’s book, Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money–That the Poor and Middle Class Do Not!, years ago. It’s a decent book, although a bit gimmicky. His discussion of the relationship between the balance sheet and the income statement is good. Basically, you want as much of […]


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 […]


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 […]


Motivation and Money Tip # 3: Think Small

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. Remember the Chinese […]


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 […]