Teaching Money Skills Essential For 21st Century

For our ancestors, even as recently as the 19th Century in many places, survival skills were hands-on. If you didn’t know how to build a house, farm, hunt, butcher animals, sew, and cook, you couldn’t provide well for your family. Money skills were largely...

How Healthy Life Habits Can Save You Money

Is maintaining good physical health a worthwhile investment? The statistics suggest that in the long run, poor health will cost far more than the money or time it takes to maintain good health. Most of us might say we agree with this conclusion, but our behaviors say...

The Financial Freedom of Owning Less

“Money is freedom.” This popular money script contains considerable truth. Having money can provide a lot of options and flexibility that are not possible without money. However, since all money scripts are partial truths, money doesn’t always bring...

Frugality Syndrome: Making The Shift From Saving To Spending

I have exhibited tendencies toward pyromania most of my life. As a Boy Scout, my favorite activity was starting and stoking a campfire. As an adult, my best birthday gift ever was a flame thrower designed by my son which made quick work of a pile of pinecones and...

How Much is “Rich?” Income Vs. Net Worth

How much money does it take to be wealthy? As I’ve pointed out in previous columns, this is basically an unanswerable question. It depends on too many variables, such as social norms, personal circumstances, accounting methods, lifestyle, and financial...

Avoid “Emergency Room” Financial Planning

“An ounce of prevention is worth a pound of cure.” Most of us are familiar with this tidbit of immense wisdom. That doesn’t necessarily mean we follow it when it comes to either our physical or our financial health. According to a Modern Healthcare...