• Healthy Attitudes, Cash Flow, Housing and Childcare Deductions

    by  • September 30, 2011 • Lifestyle, Seven on Saturdays • 2 Comments

    #7. I look at bad situations as puzzles to be solved. When you realize you’ve made a mistake, and the healthy choice is to change direction, Don’t Regret. Do What You Need to Do. Thanks Moneycrush!

    #6. The world of frugal is filled with people who’ve taken charge of their financial life. But sometimes even they get it wrong. Read about Money Mistakes People Make this week via CashMoneyLife.

    #5. Paul Graham wrote that “economically, you can think of a startup as a way to compress your whole working life into a few years”. That sounds great when we’re thinking about prosperity and a potential big payout from a successful exit. But what happens when it works the other way around. What happens when people set themselves up for a major negative payout by neglecting financial responsibilities for long periods of time. Well, this week we found out on GetRichSlowly in The Spectacle of Financial Difficulty. Be warned. It ain’t pretty.

    #4. If you’re ready to get yourself out of debt and get more financially healthy, then I’d like to introduce you to Adam Baker, aka Man vs. Debt. When it comes to building a financially healthier you, Adam’s a powerhouse. I had the pleasure of meeting him several months ago at a meetup of personal finance bloggers in San Francisco. This week Adam released a new and improved version of his 6-week program to take back control of your finances. He’ll be holding a Q&A session about his program this coming Wednesday evening at 9PM. So if you’re thinking about getting back some control over your finances, definitely check it out.

    #3.  Mastering cash flow is one of the keys to achieving financial freedom. This week Moolanomy breaks down cash flow to focus on a couple of specific practices that can make a big difference.

    #2. Right now a lot of people prefer renting over owning a home because homes in many areas are still losing value while the housing market continues to bottom out. But in the next several years it’ll probably find it’s footing again. And at that point people will start to think again about purchasing homes more than renting. If you’re starting to think about buying a home, read what DigeratiLife has to say this week in How to Avoid Becoming House Rich and Cash Poor.

    #1. Child care can be more expensive than paying for college. But many of those costs can be recouped through tax deductions. Take a few minutes to find out about  The Child Care Tax Break Many Parents Overlook over at DailyFinance.

    Photo credit.

    About

    I had an unhealthy relationship with money until my early 30's. I write about how I developed a healthy relationship with money. I share ideas about personal finance that have helped me to break the cycle of living paycheck to paycheck and achieve greater financial freedom.

    2 Responses to Healthy Attitudes, Cash Flow, Housing and Childcare Deductions

    1. October 1, 2011 at 9:57 pm

      Great collection… thanks for the links to read. I especially like your #7.

      • Mr Frugal
        October 2, 2011 at 3:57 pm

        Thanks Doc!

        I heard a new one today: “There’s no future in the past”. It’s not easy for a lot of people to work through failure. But the sooner you move on to what’s ahead of you, the better off you’ll be.

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