KrantCents recently posted about traits of successful vs unsuccessful people. The list is laid out as a list of qualities or behaviors of successful people next to what unsuccessful people do instead. This might be hard to visualize. Go check out the list and then come back. The rest will make more sense if you [...]
Read more →When you feel like you’re in a position of weakness, as I usually did when I was financially insecure, any bump in the road can seem more like the end of the road. I was all too aware of the jeopardy that I was in. I knew I could weather small bumps. But medium or [...]
Read more →Saving money for me was as hard as going on a diet or quitting some other bad habit. Spending was my crutch. So, how have I become a successful saver? I’ll tell you. There are only two hard parts to saving: Prioritizing saving higher than spending on any particular thing Following through on your plan [...]
Read more →Have you done any of these things? What’s the one activity that makes you cringe at being frugal? Picking change up of the street Washing and re-using plastic bags Reusing disposable coffee cups Looking around the house for lights to turn off mostly because you don’t want to pay for the electricity Driving with a [...]
Read more →Christmas is the great equalizer as far as spending and saving is concerned. I’ve asked this question to dozens of people and gotten the same answer from each and every person: Christmas happens every year on exactly the same day and you probably buy for pretty much the same people each year. Did you save [...]
Read more →I studied biology in college. One of my favorite subjects was ecology, which is the study of the interactions among organisms and their environment. A key phenomena that is seen everywhere in biology, and in particular in ecology is equilibrium. Systems always trend toward equilibrium, or balance. A rise in the population of rabbits will [...]
Read more →Savings is better than debt. But cash flow trumps them both. It’s not talked about that often. Discussions often go to budgeting. But budgeting doesn’t automatically fix cash flow issues. If you don’t know what it is, cash flow is the money coming in and going out. It’s your paycheck and your spending. When you’re [...]
Read more →I remember being 21 and living with the other co-founders of my first startup. We had no money at all. One particular month I couldn’t even scrape together money for rent. So, I resorted to selling my CD collection to make ends meet. Before I actually sold the stuff I felt as though I was [...]
Read more →Over the last few years I have learned an incredible amount of information from complete strangers. The Yakezie Network is a particularly knowledgeable and active group of bloggers that focus on topics in lifestyle and personal finance. I look forward to getting to know it’s members better and learning increasingly more from them. I’m excited [...]
Read more →Several years ago I heard that Princess Diana was worth $28 million. There’s no particular significance to that number or the fact that it was Princess Diana. It’s just a reference. At the time, I was tens of thousands of dollars in debt. The thought of having $28 million dollars seemed, appealing to say the [...]
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