basic ingredients

Should teens have credit cards? That’s always have been a hotly debated topic. I think they should, but many will disagree with me. I guess the best answer will depend on the teen and his or her upbringing. In any case, Discover Card recently introduced a prepaid credit card that could put this debate to [...]

In “Are you wealthy? Here’s a test,” I defined financial independence as: “when income from my assets can cover all my family living expenses and a few luxuries”. These words were never clear in my mind until I read Your Money or Your Life by Dominguez and Robin and saw the illustration. The authors called [...]

I want to build my wealth, but I found many personal finance books to be boring and intimidating. They usually go into great detail about setting your financial goals, budgeting, etc. — but they don’t tell you the big picture in a simple and concise way. As the most financially astute person in my family, [...]