living

I recently heard an interesting discussion on Dave Ramsey’s radio show about the length of time you need to live in a home in order for it to make sense going through the process and expense of purchasing it. It’s a rare occasion that I disagree with Dave Ramsey, but in this instance, I [...]

I believe that cash flow is one of the most powerful concepts in personal finance. People tends to know how they feel about their personal finance — e.g., whether they are comfortable or are struggling. Unfortunately, not too many people truly understand cash flow and how important it is to your finances. When you understand [...]

Financial independence is a term typically used to describe a state where you have sufficient assets to live a certain lifestyle indefinitely without having to work or be employed.  Whether your income is derived from interest on savings, investment income, real estate income or something else, it really doesn’t matter.  The key is that you’re [...]

I recently read an article in The New York Times (hat tip for bringing it to my attention: MAPping Company Success) about the increasing trend of using real money to pay for virtual goods. The article also addresses the rise of credit, via a company called Kwedit.com, to pay for virtual purchases online. This article [...]

We’ve all heard stories of guys who, after busting their hump for 40 years, kick the bucket at their retirement party or shortly thereafter. These stories scare the crap out of me and make me wonder about the idea of retirement, or on the flip side, working so hard to accomplish retirement. After all, what [...]

Ohana, multi-family living, “boomerang children”. No matter what you call it, extended families living under one roof or on one property can be a cultural norm or a way to cope with the financial difficulties that many are facing. Many say it’s “Easier said than done.” They are correct. There are many issues to work [...]

Economies develop and move forward under almost any conditions. Mankind can adapt, survive and even make a living in the totalitarian economies of Chavez and Castro to the laissez-faire, free market economies of Canada and Hong Kong. In a manner of speaking, free market is alive and well wherever people live. Sometimes it is a [...]

Your financial life has a certain trajectory — similar to a train on a track. There will be twists and turns, but you can easily determine where you will end up if you stay on the financial track you’re currently on.  What if the traditional methods of working hard, cutting expenses, and saving don’t work [...]

Today, I’d like to share with everyone blogs that I read and think you should check out.  For each blog, I will provide details on what is great about it so that you can understand better which blogs might be best for you.  I hope that the following blog recommendations will help you find additional [...]

Many Americans find themselves in quite the situation financially these days.  Their situation is nothing short of bondage.  They are completely trapped because of years of borrowing money to finance a lifestyle that was unattainable without debt.  They aren’t the only guilty party.  The government has encouraged it and the banking system was more than [...]