Personal Finance Basics: Spend Less Than You Earn
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Bad money habits cause tons of stress for any gentleman. They can lead to avoiding phone calls from bill collectors, arguments with your wife and the inability make headway with personal goals. There are hundreds of so-called experts with late-night infomercials and books with the "magic formula" to help you escape your money woes. But in my experience, there is not any magic or little-know secret to personal finance.
My grandfather told me a long time ago that anything worth having is worth working for. That's a statement I believe applies to all things in life, including the pursuit of financial independence. If you begin your journey to a better personal finance situation, you'll be much better off for it. Additionally, you will be a role model (whether you know it or not) for so many others who are afraid of being real when it comes to their true financial outlook or just confused with no knowledge of where to start.
So to help all of us be better men in all aspects of life, we wanted to feature some personal finance basics that lay the foundation for financial independence.
The first tenet we will look at is a five word statement that seems like a "duh". But doesn't it seem as if the simplest things seem to always trip us up. Read more
Why Losing Your Job Could Be The Best Thing Ever!
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I can't imagine anything much more shocking to a man's system than losing a job. Losing a job can leave us feeling betrayed and worthless. So many of us identify ourselves with what we do for a living and what we obtain with our earnings.
The reality of each of us getting that unpleasant news is more and more practical. Our turbulent economy has contributed to an unemployment rate consistently hovering around 10%. With that many people out of work, we have recently provided simple tips on how to deal with job loss and finding a job.
There are some people who are determined to use their job loss as a launching pad for something better and/or more meaningful. These folks adopt the familiar saying, "when life gives you lemons, make lemonade". I recently came across a very interesting and thought provoking movie that highlight a few of these people.
Lemonade is a movie about 16 advertising professionals who lost their jobs. The reality of the job loss gave them the courage to follow their true passions. Read more
8 Simple Job Search Tips
We recently published an article based upon an email I received from a co-worker titled, It's Time to Prepare for a Layoff. This article served to be a reality check and alert us on things we need to have in place just in case we get that shocking call to the HR department. What was even more ironic is that I received a message from a friend stating that after reading that article in the morning, she was laid off that same afternoon. Read more
How to Save Money: 86 Easy Tips
It’s 2010 and this is one of the worst economies we’ve seen in our recent history. That reality has forced many of us to become more aware and concerned about our personal economy.
Many men want to take care of their financial business but just don't know how and where to start. And for someone who's never really paid attention to their cash flow, it can be very overwhelming. But saving money isn't hard at all once you know what to do. Read more
8 Tips to Deal With a Job Loss
It’s a chilling reality. The fact that those we know, love and work with are losing their jobs as companies adjust to the current economic climate. To illustrate this point, I've posted a snippet of an email I received from a co-worker a couple of days ago:
“Torrey, my current position is being eliminated and I will no longer be with the company. Can you help me with job search sites and networking opportunities? I really appreciate any help you can provide."
5 Reasons Every Man Needs A Mentor
I had a very in depth conversation with a slightly older man a couple of days ago about the direction of my company, which is in its infancy stages. The conversation, coupled with his advice, brought something to light that I failed to consider.
7 Easy Ways to Save Money This Holiday Season
Mistakes I Have Made With Money
10 Things I Learned From Starting a Small Business [Part 1]
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They say it’s the backbone of the nation’s economy. Others call it the American Dream. But regardless of your thoughts about it, being the owner of a small business can be both rewarding and challenging.
When a Woman Outearns Her Spouse
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Before I got married a few years ago, my mentor and I were having a discussion about various situations in marriage. After tossing around several scenarios, we began talking about "What if my wife made more money than me?"
Coincidentally, while I was recently browsing the internet the other day, I came across an article about women who outearn their husbands on Forbes.com (published June 12). It brought me back to that conversation over three years ago. The article is really a great read and I hope you hop over and check it out. Read more
What Does Money Mean to You? [Poll]
As I reflect over the last several years of my life, one of the biggest thought shifts I have made is about money. I went from spending it without thinking to becoming the most frugal person I know.