Should You Use a Roth IRA as an Emergency Fund?

Should you put your emergency fund in a Roth IRA? If you’re considering this option, you’re not alone. Here is an email from a reader named Thomas asking whether it’s wise to rely on Roth IRA in the case of emergencies: Q:I was wondering what you thought about using Roth IRAs for storing emergency/savings funds? […]

Published or Updated: October 10, 2014

DR 114: 3 Tools to Track Your Net Worth

Personal Capital Net Worth

Tracking your net worth is an essential step to managing your finances. In a single number your net worth can measure your financial progress, whether you are climbing out of debt, building an investment portfolio, or both. We’ve covered how to track your net worth in the past. Recently I received an email from a […]

Published or Updated: October 8, 2014

DR 100: 100 Ways to Improve Your Finances (Most in Under 10 Minutes)

Improve your finances

To commemorate the 100th episode of the Dough Roller podcast, I pulled together 100 ways to improve your finances. Let’s get started. 1. Balance your checkbook: Balancing a checkbook helps you focus on where you’ve spent your money and it ensures your bank hasn’t made any mistakes. With the help of budgeting tools such as […]

Published or Updated: August 25, 2014

DR 089: 12 Keys to Making Smart Financial Decisions (#7 is a Doozy)

12 Keys to Making Smart Financial Decisions

We face countless personal finance decisions every day. They range from the seemingly trivial (should we go out for dinner) to the more impactful (how much should we spend on a home). Yet each of these decisions work together to over a lifetime to define our finances. Over the course of running this blog since […]

Published or Updated: July 23, 2014

DR 085: How Your Budget and Net Worth Statements Work Together to Build Wealth

Budgeting

Many people keep some form of a budget. We use our favorite budgeting tool, YNAB. Others use a spreadsheet or pen and paper. Whatever the approach, a budget helps you understand your income and expenses. Fewer people track their net worth. A net worth statement tracks your assets and liabilities. It’s the scorecard of personal […]

Published or Updated: July 12, 2014

DR 081: Take Control of Your Student Loans with Student Loan Hero (An Interview)

Optimized-1

Do you have student loans? Do you know someone who does? If you answered “yes,” then check out this interview with Andrew Josuweit, one of the founders of Student Loan Hero. It’s an excellent tool to help graduates organize their student debt, manage payments, and – hopefully – get out of debt faster. Topics Covered […]

Published or Updated: June 27, 2014

DR 074: My Real Life ‘Rich Dad, Poor Dad’

rich-dad-poor-dad

Many have said that Robert Kiyosaki’s ‘Rich Dad, Poor Dad’ book is a piece of fiction. Apparently, he never had a rich dad and a poor dad as described in his book, or at least that’s what many believe. But I did. My parents divorced before I was two, and both remarried. My father, who […]

Published or Updated: June 15, 2014

DR 064: How to Manage Your Money Like a CFO–Interview with JD Roth

JD Roth

What can we learn from a man who has blogged about personal finances for over 8 years? Quite a lot as it turns out. JD Roth has much to say on how to make better financial choices, and about what personal development has to do with personal finance. Topics Covered in the Interview How JD […]

Published or Updated: May 12, 2014

Financial Decisions are About More Than Math

Forget the Math

When it come to financial decisions, you can learn a lot from both Captain Kirk and Mr. Spock. What they teach us – together – is that when it comes to financial decisions, you need to go beyond the math. So much of finance involves math, and we certainly don’t shy away from that here. […]

Published or Updated: April 14, 2014