Money Leaks: Slow Ways to Become Broke
There are of course huge ways to waste money, but then there are small wastes, which are referred to as leaks. Sometimes the leaks are so small, you may not even notice them, but they do add up and can end up being a huge chunk of money that could be better spent somewhere else. In this post, I am going to highlight some leaky ways you could be leaking money without you realizing it.
Clunkers: Not only is buying Continue article...
The Real Green Thumb and The 4 Simple Laws to Growing a Magic Garden of Wealth
It is said America has more millionaires that any other country. If this is true why are so many of us so poor? Why do so many Americans suffer with debt? Why are we as a society so overextended and buried under mortgages we can’t pay and live in homes we can’t afford in the first place? The answers are simple, yet must be explained carefully. Let’s examine rule one.
Rule one: Never try to keep up with the Joneses.
Each day Continue article...
Going Green to Keep More Green in Your Pocket
With much of the focus on going green today, the average family can do much to help the environment. Not only will you be doing your part for global warming and climate change, you will be doing your wallet a big favor as well.
Investing for the Future
The winds of change are definitely blowing in the direction of green business practices and sustainability. Instead of investing with the old tried and true methods, research the options for investing in companies Continue article...
Educating Young Children about Money
My mother-in-law is very generous when it comes to giving my children money. It usually comes in the form of $5 or $10 bills inserted into holiday cards or in person during the twice-a-year visits, at which time she chooses to hand them money in a covert way; a sheepish attempt to hide the fact that she’s spoiling them.
During a recent visit to the local grocery store, my 5-year-old, carrying one of these $5 bills, passed in front of this Continue article...
From the Archives: John D. Rockefeller, The Dow Theory, and Tulip Mania
Profiles in Personal Finance: John D. Rockefeller -John Davison Rockefeller, Sr. was an American industrialist and philanthropist. Rockefeller believed since he was a child that his purpose in life was to make as much money as possible, and then use it wisely to improve the lot of mankind.
The Dow Theory – The Dow theory has been around for almost 100 Continue article...
Do you make bad financial decisions? Blame evolution.
According to this article in the Los Angeles Times, evolution accounts for a lot of our strange ideas about finances. Most people would rather earn $50,000 a year while people around them made $25,000, than earn $100,000 a year while people around them earned $250,000. Irrational, but in this case, relative social ranking trumps absolute financial status.
Thousands of experiments in behavioral economics, neuroeconomics and evolutionary economics conclusively demonstrate that we are every bit as Continue article...
Secrets That Helped The Rich Get Rich
Reader’s Digest recently posted a article titled Secrets of Self-Made Millionaires. While I don’t think there are any “secrets” to becoming a millionaire, it’s good to be reminded of what is important, especially by those who have already made it. I really liked the following quote:
“For the rich, it’s not about getting more stuff. It’s about having the freedom to make almost any decision you want,” says T. Harv Eker, author of Secrets of the Millionaire Mind. Continue article...
The 5 Blogs That Sent The Most Traffic My Way In 2007
As I did last year, I like to look back and thank the sites that have referred my blog in one way or another and sent the most traffic my way in 2007. I can sincerely recommend each one of these blogs. Each one contains great content, and if you find anything of worth on AccumualtingMoney.com, then you’ll love these sites:
1. Bank Deals – Best Rates and Deals
2. FreeMoneyFinance – Grow Your Net Worth
Most Read Posts of 2007
How often a post is read, doesn’t always reflect quality. Often it is just an indicator of how it ranks in Google or where it’s linked from. Some of these posts were whipped up in a couple of minutes, others took more time and research. But, for what it’s worth these are my 1o most read posts of 2007:
Fundamental Indexing vs. Traditional Indexing
Financial Goals for 2008
Net Worth: $105,000 We put a fair amount of thought into our net worth goal for 2008. $105,000 represents a significant challenge, but one we think we can reach. We will have to average a gain of about $600/month more than we did in 2007. There are a few reasons we think this will be possible: One, near the end of 2007 I got a new job which came with a healthy raise; Two, we Continue article...
