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This week’s interview is with R.J. Weiss from The Ways To Wealth. Not only is R.J. a Certified Financial Planner, but he has been a financial writer for over 10 years now. Fill the readers in on your background. My name is R.J. Weiss. I’m a husband, father of two daughters, and Certified Financial Planner®. I’ve […]
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The Good Old Days Back in the days before social media and our always-connected society, the term “Keeping up with the Joneses” simply referred to comparing yourself to your neighbor or close friends. If your friend got a new house, all of a sudden, your house didn’t seem so great and you started to think […]
For the first interview in my new series, I talked with Mike Greig. Mike started the awesome personal finance site, Ninja Budgeter in 2016 and has quickly started gaining a following. It’s easy to see why. His posts about budgeting and reducing debt come from this own experiences. I hope you enjoy this interview as much […]
Staying motivated while working toward achieving one goal can be a difficult task by itself. As entrepreneurs and professionals, most of us have multiple goals. However, after completing one goal, sustaining your motivation can become challenging. An Emotional Letdown One of the main reasons motivation becomes zapped is due to the emotional letdown and lack […]
Irrational Investors Most economists work on the assumption that all investors are rational. All of us who have actually invested know that isn’t true. But why? What is it about human psychology that prevents us from making the right decision when it comes to investing? I Can’t Sell at THAT Price I’ve written before about how I’ve lost money because […]
What is opportunity cost? Opportunity cost is a common term in economics, but what does it mean? People tend to throw this term around frequently, yet many people tend to struggle with it. An Abstract Idea While the idea of opportunity cost can seem abstract, at its core it’s a pretty basic principle. Essentially, it’s the […]
What has $34,000 in annual income, $40,000 in annual expenses and $148,000 in debt? I’ll give you some time to think about it. Maybe you said the average American household. Maybe you got more specific and said the average Millennial. Those both would be wrong. According to the Congressional Budget Office, the correct answer is […]
In his book, The Power of Habit , Charles Duhigg brilliantly describes how pivotal a role habits play in our everyday lives. Once something becomes a habit, we can perform the task on auto-pilot, sometimes not even realizing what we are doing. While many habits keep us from having to remember thousands of tiny details […]