January, 2015 Archive

★ Dirty Harry and Opportunity Cost

“Let’s say Inspector Callahan wanted to buy a .44 Magnum for $500. Harry’s opportunity cost of buying the gun includes everything...

Saving Money, Something To Think About

Debt, Something To Think About

★ Modern Day Slavery

“Consider this riddle of modern consumer finance: You need to have everything in order including pay slips, bank statements, loan statements, and other such documents to secure a loan whereas financial institutions literally send out preapproved credit card applications in the mail to people...

Not Awesome, Something To Think About

★ No Tradebacks

“I don’t want to die with any money, so I’m going to spend it all. I don’t think I’ll live long enough to retire, so why bother saving anything? I’m going to spend money pretty much as soon as I get it.” Team RockstarBringing you the best of money! After you’re done...

★ On Money and Freedom

“The beauty of those other life expenses is that it’s up to us to decide how big (or small) they are. They are entirely in our control based upon how we chose to live each day and the habits we keep. As long as spending habits are kept in check, those expenses can be covered …...

Something To Think About

★ The $3,500 Shirt

“Everyone complains about taxes, prices, and how expensive it is to live any more. I’m not going to go into taxes – that way lies madness. But I can tell you that living has never been cheaper. We live in a country awash in stuff – food, clothing, appliances, machines, cheap...

★ My Most Prized Possession

“I never sought to be a minimalist in my younger years, it found me. When I entered a small space and shared it with a roommate, I was forced to have less. When I lost loved ones, I was forced to reflect on what was most important. When my brother helped me move, I pictured …...

★ How Bad Do You Want It?

“One of the very first questions I ask all my money coaching clients is “what are your goals?” Quickly followed by “how bad do you want them?” The first one is an easy one because any of us can rattle them off at any point (have a million dollar net worth, retire early, be the...

Something To Think About

★ The Secret to True Financial Freedom

“A friend described the perspective change from deprivation to contentment this way: “I walk into Target and think, ‘I can have anything I want. I could buy whatever I wanted.’ And then I realize I don’t want any of that crap. Thinking this way takes the power of discontentment...

Hustling, Investing, Making Money

★ How To Make $100k in College

“A reader called me out and said that my story about working and investing while in college was rare, and that most college students earn next to nothing. I call B.S. In fact, I think most college students CAN earn decent money, even “good” money. So, I reached out to The College Investor...

★ Upping the Ante on My Yearlong Shopping Ban

“When I made the decision to embrace a minimalist lifestyle, my goal was simply to pare down my belongings, until every item in my home had a purpose. After completing my final declutter this past weekend, I can now say that I’ve accomplished that – and I’m left with just 40% of what I...