Decisions, decisions. There are loads of financial decisions we make throughout our lifetimes. Some are big (as we'll discuss here) and some (most probably) are small (like choosing between the high-priced or store brand peanut butter). In fact, I've written a lot about financial decisions we all face over the course of several posts. Here's a sample of those: … [Read more...]
Do Not Panic: Thoughts on Dealing with a Falling Market, High Inflation, Rising Interest Rates, and Other Financial Perils
You probably know that I am well ahead in posts for ESI Money. We are in the middle of "Millionaire Months" which I did last summer and am doing again. In addition to that, I'm writing myself for the site, in the Millionaire Money Mentors (MMM) forums, and a few side projects you'll hear about if I ever get them completed. My goal is to have five months of posts completed … [Read more...]
7 Financial Numbers You Should Keep Track Of
I have a laundry list of potential article ideas. About 637 of them to be exact at the time of this writing. I keep them in a spreadsheet on a tab labeled "article ideas" next to the tab where I track all the posts on ESI Money. The ideas are collected from thoughts and experiences I have, books and articles I read, etc. Basically it's a brainstorming list I can review … [Read more...]
Three Ways to Play Good Financial Offense and Defense
As most of you know, one of my favorite personal finance books is The Millionaire Next Door. In fact, it's one of only five money books I think people need to read. The Millionaire Next Door was the first money book I took to heart and applied to my life. It's one of the main reasons I was able to achieve financial independence and retire at 52. One of the book's … [Read more...]
Top Ten Money Mistakes People with Modest Incomes Make
I've found in interviewing millionaires that it's not that they've made zero mistakes. They've all made mistakes of one variety or another. But they have avoided the BIG mistakes that can really cripple anyone's finances. Now most of these people could withstand a larger setback or two because they generally have higher incomes (much to the chagrin of some … [Read more...]
How to Ignore the Basics of Personal Finance and Still Become Rich
Ok, here we go again! It's another rant! And the dragons are back!!! Yea!! This is not a mad-rant like some others (ahem, Hilton), but it is a topic that gets me at least a bit feisty. Today's issue is one that I hear quite often -- frequently enough that I want to write a post on the subject so I can send a link to people who ask about it in the future. But before … [Read more...]
