Posts tagged as:

Money Lessons

Warren Buffett Videos

12.12.2007

I found a series of videos from a talk Warren Buffett gave to MBA students at the University of Florida. I have a strong appreciation for Warren Buffett and his wisdom on business, investing, and life.

Read the full article →

The one thing I would teach a recent college Grad

12.01.2007

You just finished your degree and you are probably looking for your first “real” job. This is the perfect opportunity to decide how you would like your financial life to be. You have the choice to spend and buy whatever you feel like which will likely put you in heaps of debt.

Read the full article →

Do I need an Emergency Fund?

10.02.2007

Do you need an emergency fund? Well, I used to think of an emergency fund as robbing myself. Thankfully, I learned how beneficial an emergency fund is to my long-term financial well being.

Read the full article →

Are you a risk-taker?

09.09.2007

Life is about managing risk. People often associate risk with investing, but it actually applies to all areas of our lives. From the amount of insurance coverage we purchase, to the decisions regarding our health, to the area of town that we choose to live in, everything has a level of risk.

Read the full article →

4 steps to retirement savings

08.16.2007

4 steps to retirement savings

Read the full article →

AHM went bankrupt, is Homebanc next?

08.07.2007

Due largely to the lending frenzy of the recent real estate boom, many mortgage companies are feeling the squeeze. American Home Mortgage (AHM) recently filed for bankruptcy due to “extraordinary disruptions” in the markets that support the mortgage industry. A slow housing market and many payment defaults scared investors away from mortgage debt, including bonds and other securities backed by home loans.

Read the full article →

Why everyone needs a balance sheet

07.22.2007

Click here to download my personal balance sheet (Excel). The simple personal finance definition of this would be: Assets – Liabilities = Net Worth | It probably wouldn’t take you more than an hour to get it set up in an excel spreadsheet, and even less to update it every year.

Read the full article →

The seasons of life

06.28.2007

There is a tendency in our modern, “gotta have it now” culture to try to get things before the proper season. I believe that God has laid our lives out with a nice disbursement of blessings all along the way.

Read the full article →

If you want to be wealthy, act like it!

06.25.2007

If you want to be a millionaire, act like one. Wealthy people become that way because the “do” certain things. If you “do” what they did to become wealthy, you will get the same result.

Read the full article →

Just Do it!

06.23.2007

“Well done is better than well said.” -Benjamin Franklin
One of the biggest challenges we will face in life is to DO the things that we know we should when we do not FEEL like doing them.

Read the full article →

Why credit unions are better than banks

06.17.2007

As a not-for-profit the CU does not have profitability as its top priority. Banks on the other hand (especially large ones) are primarily focused on profits. The CU is obligated to use the “profit” to pay back the members or go back into the organization to make it better in some way.

Read the full article →

The trick to saving money

06.17.2007

This could be a complex lesson, but I am going to boil it down as far as it can be boiled. We as humans often KNOW how we SHOULD behave, but we sometimes DO something different. This is especially the case when we have to pay the price now, but will not receive the reward until later (i.e. saving for retirement, exercising, giving).

Read the full article →

Buy Assets

06.16.2007

One of the worthwhile points he makes is to, “Buy Assets and Sell Liabilities”. It is common sense, but often times common sense isn’t that common. He defines an asset as “something that puts money into your pocket” and a liability as “something that takes money out of your pocket.

Read the full article →