I talked about how success requires bold decisions, so I figured I should share the decisions that where bold and went against the grain to get me were I am at today. Where am I today, you ask? Well…awesome growing marriage,...
I have admitted it before, The Rockette have never lived on a formal budget. The closest we come to real budgeting is what I label retroactive budgeting. This is when you come up with reasonable spending amount for the different categories...
The reason they call it personal finance is because there aren’t any right answers. That’s right, no right answers. If there were right answers, we could call it something like personal financial decision science. Everyone would be doing the same 20...
Being debt free has been more amazing than I thought, and I want others to be able to share in a similar joy. For those who are trying to get out of debt or entertaining the thought, here is some ammunition....
Duncan Simester created one of the first experiments that attempted to directly test how consumer’s ‘willingness to pay’ is affected by credit cards. In this experiment 1st year MBA students were instructed to provide a sealed envelope with the amount that...
We want people to accept us, it is a fact of human nature. Time and again you hear people sharing the same thought on friendship, “I want a friend that accepts who I am”. That sounds noble and uplifting enough, but...
Remember the ‘Marshmallow Test‘? It was a study from the 1960’s which found that preschoolers who were able to delay gratification at four years old were more likely to be socially competent, assertive, trustworthy, dependable, able to cope, and likely to...
Consider two similar working mothers: one who wants to get out of debt because a few of her friends starting getting our of debt. The other woman decides to get out of debt, so that she can provide a more secure...
Before I post on how we are going to change our current system, I wanted to discuss what I am looking for in a good finance system. Note, I am using personal finance system to mean the accounts and tools that...
So we battled for three years to get rid of our $70,000 dollars in debt….so what! Here are the benefits that being debt free(besides the house) and the process of becoming debt free gave us. Cash Flow – First and foremost,...