MoneyUnder30.com
MoneyUnder30.com

The Investing Lesson Todd Taught Me

As a boy, I spent a lot of time annoying our next-door neighbor, Todd, a successful work-at-home plastics executive. In exchange, he taught me curse words, how to play poker, and one very smart habit. Todd read a Boston Globe every morning in a … [Read more...]

The Principle That Can Make You Rich or Keep You Broke

Imagine you’re in the final stretch of a grueling race, vying for first with a small pack of determined opponents. As adrenaline and your desire to win pushes you forward, one by one, you pass your competitors. Finally, with the finish line in sight, … [Read more...]

How to Organize Your Finances in Three Simple Steps

Pop quiz: Do you know how much cash you have in all of your bank accounts, right now? How long would you take to determine how much you spent on groceries and how much you contributed to your IRA last year? Stumped? You might stand to learn how to … [Read more...]

Seven Precepts to Prosper By

So, you want some answers. On priorities: I’m 25. What should my financial priority be? On saving: How much should I be saving if I earn $45k? On spending: Can I afford that vacation next summer? In three years I’ve written roughly a half m … [Read more...]

Debt Reduction Takes Tough Love

For the first three years of my post-college life, I had this nagging, troubling pain in the pit of my stomach at the end of every month. Will I be able to pay rent this month? Can I pay my credit card bill? I came out of college with no … [Read more...]

Four Simple but Costly Money Mistakes

Whether you've been on your own for a few days or a few years, try to avoid these common money mistakes young people make. Already made them? Don’t be hard on yourself; chances are you just didn't know better (a big part of money smarts comes from l … [Read more...]

Are You an Image Spender?

I am going to venture a guess that one of the leading reasons many of us twentysomethings wind up buried in debt is because we spend above our means not because we have to, but to look good, fit in, and feel richer than we are. Are you an … [Read more...]

The Anatomy of a Bad Decision

This morning I was in bed listening to chilly October rain pound my roof. Naturally, I wanted to stay in bed for another few minutes. And that’s when I realized it. Snoozing for five or ten minutes is usually a bad idea. Like, a terrible i … [Read more...]

Pinching: Keep Your Change

We have all experienced the coin jar phenomenon: We toss change from our pockets into a jar at the end of the day and later count it, amazed to see how much has accumulated. A good way to use this loose change is to allocate it for something – a new t … [Read more...]

Consumption Smoothing: Friend Later, Foe Now

An article from Sunday's Boston Globe (story) got me thinking about the principle of consumption smoothing for the first time since I took Econ 101 about seven years ago. If I remember correctly, it basically states that after reaching a certain age … [Read more...]