This following article is a guest post by Michael Vincent. You can read more about him at the end of this article.
Most people, if asked about their financial goals, would instantly say they want to be rich, or to have the financial freedom of being able to buy or pay for anything their heart desires. Saving money is rarely ever on the top of anyone’s list.
Investor Warren Buffett himself strongly believes in the value of saving, despite having billions of dollars to his name. You might want to pick up a pointer or two from one of the world’s richest men…
There is a popular phrase that is poisoning our minds when it comes to how we think about money.
Are you dooming your finances to fail by using these words?
I’ll cut to the chase, the phrase is:
“I can’t afford it”
It’s usually used as an excuse and it looks like this…
What do you do when somebody comes up to you on the street and asks you for money? How do you respond?
Do you give it to them?
Do you say “sorry, I don’t have any money” (even if you really do)?
Do you hesitate to give, because you feel like giving money to someone on the street, whether they are panhandling, begging or homeless, could be enabling their “habits” and not actually helping them?
Let’s talk about the last one: enabling their bad habits…
Love them or hate, credit cards are everywhere, but where did they come from?
When were credit cards invented and why?
Did companies ever imagine credit cards becoming what they are today?
We all know that most people who carry a credit card carry quite a bit of debt along with it, so let’s look into the original intention of the credit card.
This is a great infographic…
How often do you talk about money in your home? What do you teach your kids about money?
Money can be somewhat of a taboo subject. The worse-off someone is financially, the more they don’t want to talk about money and that can make things even worse.
Financial problems don’t just go away by not talking about them.
You’ve heard “the first step to recovery is admitting you have a problem”? That applies to money too!
Don’t be afraid to talk about money.
Bitcoin is a new term compared to most other forms of currency.
Bitcoin is now a real and fairly popular currency, so you should probably know a little bit about it.
When you ask Google what Bitcoin is, this is the first thing you will get:
“Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money.”
Basically, a bitcoin is…
You’ve probably seen the commercials. Credit Karma claims to offer you a free credit score with no strings attached.
Is it true?
This is my Credit Karma review after using it for a few weeks and though I have only been using the service for a short time, I already love it.
When you think about being responsible with your money, a budget may be one of your first thoughts. In my Beginner Series, I tell you, point-blank, that you need a budget.
Can you really live without a budget? The title of this article makes it seem like I was misguiding you when I said that you need a budget, doesn’t it?