How Do You Hope to Improve Your Finances Next Year?

How Do You Hope to Improve Your Finances Next Year-

Goal setting is hugely important for actually getting what you want. It’s one thing to wish for something, it’s another thing to actually make a plan to get it. Goal setting is part of that plan.

How Much Money Should You Have Saved by 30?

savings by 30 no words

How much money should you have saved by 30? 35? 40? Even more importantly, have you reached these three critical money milestones by your 30th birthday?

How to Invest for Short-Term Goals (Less Than 10 Years Out)

How do you save for goals less than 10 years out -- maximizing returns while minimizing risk?

Raise your hand if you’re trying to save for something big in the next 10 years. A new car? Your wedding? The down payment on a home? More education? Most financial advice tells you to save for two –- maybe three — things: A rainy day (the cash you stash away in your emergency fund), […]

This Year, Take Some Risks

Most of us don’t like risk. We buy insurance. We work for a paycheck. We put our money in an FDIC-insured savings account even though it pays less than 1.0% interest. These things aren’t necessarily bad; a little bit of caution is a good thing. But when you become conditioned to reject nearly any risk in your […]

Richer By The Week: What’s Your #1 Financial Goal?


Any man who can drive safely while kissing a pretty girl is simply not giving the kiss the attention it deserves. —Albert Einstein. Einstein was a smart guy, and he knew the importance of something that we are terrible at today: How to focus on one thing at a time. Today, let me know in […]


Getting better at something is about setting goals, about tracking progress, but also looking at the present. Am I doing my best at this right now?

What do you want to do better? Why? What’s stopping you? Most of us want to get better at something, probably many things. Just look at all the financial goals we have. So today, I’m going to give you four things you can do—actionable steps—to make a 0.5% improvement in your life. That’s not a […]

Three Small Financial Tweaks You Should Make Before Winter

The end of the year is fast approaching. Soon you’ll be bellying up to your Thanksgiving feast and perhaps playing chicken with other holiday shoppers in some mall parking lot. Of course, you may be thinking about your holiday shopping already. And if you’re smart, you’ll also start working on your financial plans for 2011. […]

Meet Your Financial Objectives: Goals vs. Restrictions

I have this coffee habit. I love the stuff. I love that caffeine rush I get in the morning from a steaming cup of joe. I’ve gone on and off caffeine so many times in my adult life, I’ve lost count. Sure, caffeine isn’t great for you, but coffee beans are jam packed with tons […]

How to Create a Five-Year Financial Plan

Where do you want to be in five years? Debt free? Living in your own home? Enjoying a “mini-retirement” volunteering or traveling around the world? I’ve written a lot about making spending plans (i.e., monthly budgets) and debt reduction plans, but these are only part of the key to building financial security. You also need […]

Applying the 80/20 Rule to Personal Finance

The 80/20 rule, or Pareto principal, is one of the most common management strategies to help people focus on what’s important and get more done. Simply stated in terms of productivity, the 80/20 rule says that 80 percent of results come from just 20 percent of your effort (and, conversely, that 80 percent of your […]