Personal Finance

Day 7: Create a Budget

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Budgeting. Even the word screams BORING, right? Well, it’s not the most exciting thing in the world, but it is crucial to hitting your financial goals. If you assign a value to every dollar you bring in in a month (from fixed costs to flux costs to savings), you’ve given yourself a path to success. So […]

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Day 5: Realize Your Expected Income

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There’s two pieces to personal finance success: what you bring in and what you spend. The most important (and extremely simple) equation for personal finance success is what you bring in – what you spend. If that number is positive, your net worth is growing. If it isn’t, you’re going in the wrong direction. On […]

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Day 3: Find Your Net Worth

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It’s time for Day 3 in the posting of Automatic Finances: 17 Days to Your Financial Freedom. See the previous posts here: Introduction, Day 1 and Day 2. ****************************** After everything you’ve done to organize your finances, it’s time to take a look at where you stand. Whatever your situation – whether your net worth […]

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Day 1: Organize Your Finances

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As I mentioned yesterday, I’m giving away my ebook, Automatic Finances: 17 Days to Your Financial Freedom! Over the next two-and-a-half weeks, I’ll be posting a chapter a day from the book for your consumption. If you like what you’ve read, you can get yourself a PDF version of the ebook using the “buy now” link […]

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The Only 2011 Advice You Should Care About

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It’s January, which means it’s time for New Year’s Resolutions (that you won’t keep), suggestions on where to invest your money this year, and plenty of predictions for the state of the economy — both Wall Street and Main Street. While the media and blogosphere churn out stories about what to do in 2011, do […]

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This is Why I Love My Credit Union

You’ve certainly heard about the benefits of credit unions before, but tell me something … would Bank of America ever send you a check for $125 just for being a member? That’s what my credit union just did, and I wasn’t the only one who got one. I certainly have contributed to their success (my […]

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The Upside to Celebrity Financial Advice

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Maybe you can learn something about personal finance from celebrities. In preparation for his upcoming film Wall Street 2: Money Never Sleeps, Shia LaBeouf is claiming that he put $20,000 into a Schwab online trading account and traded his way to $489,000. (I?m not going to say that he didn?t do it, but if he […]

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So, How Are You Doing So Far This Year?

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Believe it or not, we’re nearly 25% done with 2010 — a quarter of the year has come and just about gone. It’s crazy how time flies. It’s also about that time when you realize that, if you’re going to succeed in your financial goals this year, you need to keep yourself on the right […]

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Why Bank of America Fired Me

A powerful video about doing the right thing — and the state of our financial system today. Watch it and then share your thoughts in a comment below.

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Can Any Personal Finance Pundit Be Trusted?

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The recent look inside Robert Kiyosaki’s wealth seminars generated an interesting discussion in the comments about personal finance pundits and whether they ever have your best interests at heart. It’s a great question, since most pundits made their money telling people how to get rich — reason enough to raise an eyebrow and wonder if […]

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Inside Robert Kiyosaki’s Rich Dad Seminars

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I’m starting to feel like there’s something fishy going on with Robert Kiyosaki. After his “new rule” of money said that savers are losers, I wanted to find out a bit more about the rest of the personal finance advice he shells out. And I stumbled on the motherload. Turns out, Kiyosaki runs (or lends […]

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When Will You Have Enough?

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The other day, I saw a short description of the latest book by John Bogle, founder of Vanguard and inventor of the first index fund, that struck me. The book’s title, Enough, comes from a conversation had by two of America’s most famous authors, Joseph Heller (of Catch-22 fame) and Kurt Vonnegut (who wrote Slaughterhouse-Five). […]

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How to Follow the Entire Personal Finance Blogosphere

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Long time readers will no doubt remember 10 Personal Finance Blogs You’re Missing Out On, the post where I named some of my favorite lesser-known bloggers (no Get Rich Slowly‘s or The Simple Dollar‘s there). But the great thing about the personal finance blogosphere is that there are a ton of voices — not just […]

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