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.
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 […]
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. […]
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 […]
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 […]
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 […]