I had a conversation with a friend the other day about goals and how he felt about finances. This led me to talk about three basic types of people financially.

Those looking to survive.
A lot of people fall into this category, living paycheck to paycheck, trying to keep food the table the lights on and the rent paid. If surviving is your only mindset ( Read more... )

So that yellowish shit has been getting more expensive year after year, in fact for a moment it was over 1900$ an ounce! A store opened up in my local mall buying gold. There are signs all over town buying the metal. "WE BUY GOLD! TOP DOLLAR!". I get the idea here, buying a commodity that is a hedge against inflation or devaluation of your currency ( Read more... )

Over the years I've heard and seen some big mistakes when it comes to money, some are easy to avoid some not so much. Here I'll give you my top 5 money mistakes that I've seen people are prone to making.

5. Not having a budget.
I just cant comprehend why people don't do this. Take 10 minutes a day or an hour a week and sit your ass down at a table ( Read more... )

I don't know if this deserves its own post but its been on my mind for a while and if anything I feel the need to get it out on paper. so here goes.

You go to work day in day out to make your cash. Payday arrives and you get that fat check for 1,000$ (I like round numbers). You slaved for this money, it has to go to bills but that's OK, you know ( Read more... )

Odds are that if you are over 10 years old you have done something.... something... for money. Cleaning out mom and dad's car for a quarter or starting a job at McDonalds when you were 16. or that corporate job in the big city after you finished your Masters degree. The world revolves around cash. We all learn its power at an early age, the more of ( Read more... )

Looking to get a house? good stuff. I'm sure you going to start thinking about how many bed rooms and bathrooms you need. how much living space, how big you want the yard, where you want to be. school zones, distance to work. etc etc etc. that's part of the fun. But like I and some of my friends have found out, just because you WANT a house, even ( Read more... )

The season of needless over spending is upon us. Where people will go into debt to buy themselves or others that "thing" they have been wanting.
While contemplating american consumerism and my own thoughts about picking up a new HD TV. I began to bring myself back to the basics.
Wants VS Needs.
It's very easy to confuse the two. You may honestly ( Read more... )

Its easy to turn on the news and hear people moaning about the housing market. Every day I see a story about how people are "underwater" on their mortgage (they owe more than the house is worth because the value of their house has gone down since they bought it).

You can ask experts all day long to look in their crystal ball and see if prices will ( Read more... )

in the past few days I've had this discussion with three people. I mentioned it in an earlier post, but it bears repeating.
Pay off high interest debt before saving money. Especially credit cards.
Here is why.
Lets say you have 1000$ in credit card debt and its at 20% interest.  You want to pay it off and you want to pad your savings. Thats good. But ( Read more... )

I am a firm believer in an Oh Shit fund (emergency fund). Several things can happen to you when you might need some extra cash. Car breaks, loose your job, Medical bills, etc etc ( Read more... )