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Frugality: The Essential Money Survival Skill

Someone recently asked me to share my number-one financial tip that would make the greatest impact on a person’s financial well-being. For someone who can speak for hours on the topic, that’s a daunting task. I wanted to quote the late Dick Wagner’s advice to “Spend less, save more, and don’t do anything stupid,” but […]

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The Millionaire Mindset, Part One

If you’re a new graduate, taking your first steps into the adult world, here is the most important financial advice I can offer: Develop a millionaire mindset. This absolutely does not mean making wealth your life goal. But thinking like a millionaire will help you build a solid financial foundation to support you in reaching […]

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How To Be a Better Money Waster

Be frugal. Live on less than you make. Save for the future. It’s my message, and I’m sticking to it. Just in case you’re getting tired of that message, though, let’s take a look at thrift from a slightly different perspective. For anyone who wants to throw cash around, here are some effective ways to […]

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Waste Not, Want Not

As I cleared our dinner table the other night, I scraped some of my uneaten veggies into the trash. I immediately heard my mother saying, “There are starving kids in India that would give their right arms to eat what you are throwing away!” She had a point. Affluence inherently breeds a certain level of […]

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Saving For the Future When You Can’t Afford To Save

In a couple of recent columns, I have suggested that building long-term financial health means developing the habit of living on as little as 30% to a maximum of 70% of your gross earnings. I can hear the comments now: “Rick, you’re a fat cat financial planner who doesn’t have a clue. Why don’t you […]

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