12 Financial Rules of Thumb You Should Ignore

personal finance guidelines

First, your return to shore was not part of our negotiations nor our agreement so I must do nothing. And secondly, you must be a pirate for the pirate’s code to apply and you’re not. And thirdly, the code is more what you’d call “guidelines” than actual rules. Welcome aboard the Black Pearl, Miss Turner.–Captain […]

Published or Updated: February 12, 2013

A 12-Month Plan to Revitalize Your Finances

Financial Goals

With a little planning and effort, these 12 financial goals can help make 2013 a success. Photo: gordonflood.com With the start of a new year, it seems appropriate to think about how we can make 2013 a financial success. But rather than making some New Year’s Resolution about getting out of debt that we won’t […]

Published or Updated: April 21, 2014

How to Give Financial Advice as a Gift at the Holidays

With the holidays approaching, it seems we’re all in a mad dash to our favorite retailers. Between figuring out what to buy for those on our list, to buying the gifts, and then wrapping them, there’s no time to enjoy the holidays. And on top of that, how many gifts will we buy that end […]

Published or Updated: December 12, 2012

10 Personal Finance Myths Busted

Hell, there are no rules here – we’re trying to accomplish something–Thomas Edison If you spend any time reading about personal finance, you’ve no doubt encountered a ton of rules. Whether it’s that credit cards are evil or that school loans are ‘good’ debt, these rules all have their place. A problem arises, however, if […]

Published or Updated: October 28, 2012

5 Things I Did In My 20’s That Made Me Rich In My 40’s

My wife and I just sent our first child off to college, and we’ll send our second to college next year. Through all the things that go with this time of life, I’ve been very focused on teaching my children sound money management principles. And the process made me realize just how much the decisions […]

Published or Updated: September 10, 2012

Do Bonus Deals Affect Your Purchasing Decisions?

Recently I asked Dough Roller newsletter subscribers (you can subscribe here and get a free copy of 99 Painless Ways to Save Money) whether a bonus deal on a product would affect their buying decision. Here’s some background. A lot of financial products are marketed by offering bonus cash to new clients. This is especially […]

Published or Updated: August 8, 2012

Raising a Kid Costs An Arm and a Leg

Cost of Raising a Child

You may have heard the recent report that raising a kid costs a fortune. To be more specific, the government estimates that it costs $300,000 over the first 17 years to raise a child. Gulp. But don’t worry, it gets worse. Add in the cost parents spend on children after age 17 and the income […]

Published or Updated: April 21, 2014

Inflation’s Bleak Prospects. . .in 1978

Inflation's Bleak Prospects:  Cars for $89,000 in 2023

It’s the small, slow changes of life, the ones that occur a little each day, that are the hardest to see but, in the end, pack the hardest punch. Whether it’s the extra 50 calories a day we eat or the extra $50 a month we invest, the change is nearly invisible at first, but […]

Published or Updated: March 22, 2012

8 Lucrative Business Ideas for High School Students

When I turned 16, the first thing I did was get my driver’s license. And the second thing was to get a job. My idea of a job was to work at a local fast food restaurant, and later a grocery store. My first “real” job (I delivered newspapers at a young age) paid $3.35 […]

Published or Updated: March 18, 2012