Being cheap is to buy single-ply toilet paper just because it’s cheaper than double ply. Being smart with money, on the other hand, is to buy double ply toilet paper on sale — even though it’s more expensive than single ply. I’m not saying that all cheap people buy single ply — I’m sure plenty of them buy double ply....
For most of my adult life, I acted like a kid with my money. Kinda like a financial version of Tom Hanks in BIG. Even though I had a beard and a receding hairline, when it came to spending, I hadn’t changed much since first grade. If I wanted it, I bought it. The only difference between the “first grade me,” and...
Accountability doesn’t always work. If you’re saying: “I’ll need you to be on top of me or it’s not going to get done.” It won’t work. That means you’re not ready. On the flip side, if you say: “I can do it all on my own — I don’t need you at all.” That won’t work either. That also means...
I love being silly and telling cheesy jokes. To prove it to you, here’s one: What’s Forrest Gump’s Gmail password? 1forrest1 Get it? Run Forest run! 1forest1! Lol! 😆 Contrast to daddy jokes; finances are dull and boring. To most of us, there’s nothing exciting about budgeting or spreadsheets. And to make things worse, most of the financial pro’s our...
Superman is faster than a speeding bullet, more powerful than a locomotive, and able to leap tall buildings in a single bound. But he’s not invincible. Kryptonite weakens him. If he gets too close, that little glowing green rock will bring him down to his knees. Let me ask you a question. Does Superman hang around kryptonite or does he try...
Budgeting is 80% emotional and 20% numerical. In other words, 80% of your success with budgeting is based on your emotions, while only 20% is based on your numbers. Learning how to deal with fear, jealousy, and regret are the main components of budgeting you need to master. Sure, an app can crunch your numbers. But it can’t master your...
Tension is what makes us take action. It’s the urgency that we feel when we need to get something done. If there isn’t enough tension, we “push it off” and don’t do anything. With finances, for example, we feel tension when we see a larger than expected credit card bill or a line of credit that just keeps on going...
Mint, Quicken, Mvelopes, and YNAB are just a few budgeting apps out there. They’re all useless. Useless, if you’re not ready to change. All too often, we look for tech to solve our problems. That’s our starting point. Like if we find the right computer program or app, all our financial worries will go away. So we load all our data...
Here are some common things we say: I can’t lose weight. I can’t have supper with you tonight. I can’t get that project done on time. I can’t be happy. Here are some financial (and common) things we say: I can’t pay off my debt. I can’t save money. I can’t budget. I can’t make more money. I can’t, I...
Here’s a list of common financial lingo you probably already know: Spreadsheet Forecast Cash-flow Debt repayment Surplus Retirement savings Unexpected expenses Equally as important, but not as well known, here’s a list of “uncommon” financial lingo: I have the power to change. I can. I will. I’m in charge today. I’m happy with what I got. I’m not going to compare myself with...
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