Why do children want to grow up? Because they experience their lives as constrained by immaturity and perceive adulthood as a condition of greater freedom and opportunity. But what is there today, in America, that very poor and very rich adolescents want to do but cannot do? Not much: they can “do” drugs, “have” sex, “make” babies, and “get” money (from their parents, crime, or [...] Continue reading Have We Become a Society of Financial Adolescents?
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When I was a boy of fourteen, my father was so ignorant I could hardly stand to have the old man around. But when I got to be twenty-one, I was astonished at how much he had learned in seven years. ~ Mark Twain Update: This article was included in the Carnival of Personal Finance #262 posted at Personal Finance Journey. Thanks! The financial habits of society at [...] Continue reading Financial Wisdom for Father’s Day It is seldom luck or inheritance or advanced degrees or even intelligence that enables people to amass fortunes. Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and most of all, self-discipline. ~ Thomas Stanley & William Danko, The Millionaire Next Door The Millionaire Next Door is one of the true personal finance classics. It was originally published in 1996, and [...] Continue reading Book Review: The Millionaire Next Door One half of knowing what you want is knowing what you must give up before you get it. ~ Sidney Howard Update: This article was featured in the Carnival of Money Stories posted at Buxr as well as the Festival of Frugality #226 posted at Beating Broke. Thanks! I’ve written often about the importance of tracking your income and spending. Whether you want to call that a budget [...] Continue reading What If Your Budget Doesn’t Balance? The course of life is unpredictable . . . no one can write his autobiography in advance. ~ Abraham Joshua Heschel Update: This post is featured in The Carnival of Money Stories #49 at Foreigner’s Finances. Thanks! When I wrote about Our 2010 Financial Plan in January, there was a lot of uncertainty about our income – both in terms of quantity and stability. I quoted Jon Bon [...] Continue reading 2010 Financial Plan: Q1 Update |
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