Has Rich Dad Been Reading The Dough Roller?

One week ago, I wrote an article (Rich Dad Gives Lousy Advice) that was critical of Rich Dad, Poor Dad author Robert Kiyosaki’s comparison of mutual funds to playing the lottery. I’ve grown more and more concerned with the “advice” he’s been dishing out on Yahoo! Finance lately. Frankly, it’s dangerous, and I extended an […]

“How to Make $1 Million in a Day” and Other Titles You Shouldn’t Believe

I’m a big believer in the philosophy of “Under promise and over deliver.” Many times with personal finance books, however, the title of the book looks promising, but a quick flip through the pages returns a big disappointment. I had a similar experience with CNNMoney.com this week. Last Wednesday, a business article was published on […]

Motivation and Money Tip # 6: Slow Down

Do you ever bite off more than you can chew? I do. This blog is a great example. When I started it, I planned to write a gazillion articles each day, post 10 comments on other blogs each day, interact with the blogging community daily, and on and on. Then came reality (a.k.a. my wife, […]

The Dark Side of Placing Your Finances on Autopilot

Automating finances is a great way to build wealth. Perhaps the best example is setting up automatic contributions to investment accounts. Automatic contributions are standard with 401(k) accounts, but can also be set up in IRAs or taxable investment accounts. David Bach’s bestselling book, The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish […]

Is Flipping Houses Investing or Speculating?

A few days ago I wrote an article entitled, Real Estate or Stocks: Which is the better investment? In response, Enough Wealth wrote a comment worth reading. Of interest here, Enough Wealth wrote: The problems experienced with both stock or property investments are more often due to the investor rather than the asset class. This […]

Motivation and Money Tip # 5: Track Progress

Photo Credit: chefranden Not everything that can be measured is important, and not everything that is important can be measured. In the case of financial goals, however, tracking progress is an important habit to develop for at least two reasons: Mid-course corrections: Tracking progress allows us to see if we’re moving in the right direction […]