The Daily Meaning
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The Superpower of Humility
The paradox of this situation is that both realities simultaneously exist. Unlimited income is a few clicks away, but at the same time, so many people are struggling with a problem that is only solvable by making more income.
To Kill or Not to Kill….Their Dreams
Here's the problem. In our effort to protect our kids from failure, struggle, and disappointment, we methodically kill their dreams as they grow up.
Crazy Friend Update
A few years ago, I wrote an article about my crazy friend. He's a mess with money. Longtime readers might remember this friend, but if not, I'll summarize their financial situation.
But Not All the Fun Things
We can (and should) have fun things, but we can't have ALL the fun things. The coffee alone isn't killing us. We can choose to have the coffee. The clothes alone aren't killing us. We can choose to have the clothes. The problem arises when we decide we want ALL the fun things.
Micro Losses, Macro Wins
One of my clients felt frustrated. When I asked her how the most recent monthly budget went, she confessed that she didn't do so hot; she overshot four categories. Curious about this, I told her I would check her numbers quickly.
Cost, Value, and Your Gut
I've eaten $10 meals that were absolute ripoffs. I've eaten $300 meals that were bargains.
Yes, Too Simple
Here's my beef. Personal finance is typically treated like some sort of above-people's-heads, MBA-level rocket science. In fact, the entire financial industry is constructed that way to convince people they need to hire outside help (you know, the experts!).
Taking Timing Off the Table
Have you ever stressed out about the timing of your finances? For instance, your mortgage payment is about to get pulled from your account, and you have a paycheck also arriving soon, and you're crossing your fingers and toes, hoping the paycheck happens first.
Learning vs. Doing
I'm witnessing a problem develop in our current culture. With unlimited resources at our disposal - often for low or no cost - we're becoming so fixated on learning that we're not actually doing.
I See Dead People
I knew my post would generate such a response, as the idea of spending $10/day on wants may feel over the top. After all, that's $10 today, tomorrow, the next day, for weeks, for months, for years. I think most would agree that this idea sounds excessive.
Ten Buck Challenge
Today, I want to explore a different angle about spending. Let's say, in a normal month, you spend $300 on things you want (i.e. not a need). This is money strictly to add value to your life, and "adding value" can mean almost anything. This equates to roughly $10 per day, on average.
The Tale of Two Women
Due to our own (multiple) failings, my family found ourselves in a precarious position a few days ago.
Too Too Much of a Good Thing
Yesterday was a very harsh reminder that too much of a good thing is never a good thing. The sun was amazing, but seven hours of constant sunlight while hanging right next to the Equator is not a good thing. I got punished for my overzealousness.
Trigger. Trigger. What Is the Trigger?
One of my favorite conversations with young people (under 25 years old) is asking them what they want to do when they're adults, and why. I say under 25 because that's typically when people start allowing their dreams to die.
When In Honduras
Have you ever played with a sloth? I haven't even seen a sloth in real life. Do they even exist? Are they really that slow? Are they as cute as I picture them? There was only one way to find out. When in Honduras, as they say.
A Pretty Pathetic Life
As you can imagine, that sort of idea can set this world ablaze. I received a storm of backlash from that Tweet, ranging from text messages, to DMs, to in-person disagreements. However, my favorite response to date is this: "You must have a pretty pathetic life to prefer working."
This Could All Be Yours, For Only…..
As I explained to my confused friend, a large house purchase isn't a sign of wealth, but rather a sign of a high cost of living.
The Power of Uncomfortable Memories
Some memories are easy to say "yes" to. They are appealing, instantly satisfying no-brainers. They ooze with awesomeness, and we can't wait to reach for them. Then, there are the others.