Month: May 2014

The Wealthy Barber: Financially Savvy Living

This week, The Simple Dollar takes a look at David Chilton’s The Wealthy Barber, a uniquely-written personal finance guide that has found its way onto people’s shelves for decades. Should it find its way onto your bookshelf? Let’s find out. The remainder of the book mostly focuses on living purchases that we all make: buying …

Categories: What We're Reading

The Simple Dollar Morning Roundup: Aimee Mann Edition

It’s kind of amazing when you realize that your favorite album when you were a single, unmarried senior in college (when it came out) is still your favorite album when you’re pushing thirty with a wife and a child – it just speaks to you in a completely different way. That would be Aimee Mann’s …

Categories: Morning Roundup

Personal Finance 101: Charge Cards and Credit Cards

Most people think that the phrases “charge card” and “credit card” are interchangeable; that they refer to the same thing. The truth is that they’re not. So let’s step back, look at the differences, and see which one is best for you. The Difference Between Charge Cards and Credit Cards Charge Cards A charge card …

Categories: Credit Cards

How To Quit Your Job In One Year: A Step By Step Guide

There comes a time in every person’s life when they realize that their current job is simply sucking the soul right out of them. Normally, I don’t advocate stepping off of a financial ledge like this, but when your current primary employment is bringing you nothing but total misery and a paycheck, it may be …

Categories: Planning

31 Days To Fix Your Finances, Day 17: Evaluating Your Expenses – Life Insurance

The Simple Dollar offers a month-long plan for fixing your finances. All you need is an open mind and an hour each day. Life insurance is a question that most of us simply avoid thinking about too much, especially when we’re young. However, if you have more than yourself as a dependent on your income …

5 Big Questions For First Time Home Buyers #3: How Do I Find A Good Agent?

As I begin the process of locating and buying my first home, my mind is loaded with questions. This week, I’m answering the five biggest ones (for me, at least) in detail. Other questions involve a home buying gameplan, true home ownership costs, hiring a home inspector, and closing costs. Up to this point, my …

Categories: Housing

The Wealthy Barber: Planning For The Future

This week, The Simple Dollar takes a look at David Chilton’s The Wealthy Barber, a uniquely-written personal finance guide that has found its way onto people’s shelves for decades. Should it find its way onto your bookshelf? Let’s find out. Once the “ten percent solution” was covered, Roy (the titular wealthy barber) moves onto some …

Categories: What We're Reading

The Simple Dollar Morning Roundup: Rubio’s Makes Good Fish Tacos Edition

My readers were right: Rubio’s is a good place to get fish tacos in San Diego. Also, one other note: I’ve decided to go ahead with the “ten books that changed my life” series, but I’m going to do it in a way that won’t take away from the personal finance content. The series is …

Categories: Morning Roundup

Crisis Management: When A Disaster Causes Your Expenses To Exceed Your Income

Every once in a while, life will deal us a disaster: someone dies, the primary household income disappears, or a major benefactor stops paying for things. Suddenly, you find yourself with more monthly expenses than income and no obvious way to bolster that income immediately. What do you do? Here are eight things you can …

The Treasury Note Retirement Plan

A few weeks ago, I wrote an overview of what treasury notes, bonds, and bills are and how they work. In the discussion, I dropped this little tidbit which turned out to be alluring to a few of my readers: I know of at least one person with several million dollars sitting in treasury notes; …

Categories: Investing, Retirement

31 Days To Fix Your Finances, Day 16: Evaluating Your Expenses – Home and Auto Insurance

The Simple Dollar offers a month-long plan for fixing your finances. All you need is an open mind and an hour each day. During the first half of the month, we’ve created a real “living” budget that is built around your life, not forcing your life to live up to someone else’s idea of a …

5 Big Questions For First Time Home Buyers #2: What Does It Really Cost?

As I begin the process of locating and buying my first home, my mind is loaded with questions. This week, I’m answering the five biggest ones (for me, at least) in detail. Other questions involve a home buying gameplan, hiring an agent, hiring a home inspector, and closing costs. Whenever I’ve talked to people about …

Categories: Housing

The Wealthy Barber: The Ten Percent Solution

This week, The Simple Dollar takes a look at David Chilton’s The Wealthy Barber, a uniquely-written personal finance guide that has found its way onto people’s shelves for decades. Should it find its way onto your bookshelf? Let’s find out. The first lesson that the group learns from the wealthy barber is the centerpiece of …

Categories: What We're Reading

The Simple Dollar Morning Roundup: Traveling Blues Edition

I’m sitting here in my hotel room after yet another day in San Diego, and I have the traveling blues. Maybe some good personal finance blog posts will cheer me up. Dollar Cost Averaging And Assumptions This is a very nice article about the underlying assumptions people make when it comes to using dollar cost …

Categories: Morning Roundup

What Would You Like To See At The Simple Dollar?

Now I turn to you, the reader of The Simple Dollar, and ask, “What would you like to see posted about at The Simple Dollar?” I’d love to hear some of your ideas; please, leave a comment on this post or send me an email or an IM with your ideas for posts or post …

Categories: Meta

What Do I Need To Retire? A Simple Way To Calculate Your Number

Quite often, I’ve been asked by my relatives how I have such confidence in my esitmation of what I’ll need to retire. I told them that I have developed a very specific process for developing an estimate of the amount of money I’ll need to retire. Please note that I am not including any pension …

Categories: Retirement

Ten Ways To Avoid Financially Irresponsible Buying

In this modern era, we are surrounded by an almost infinite opportunities to spend money – and an almost infinite number of enticements to take up those opportunities. Advertisements trick us into thinking our lives will be better if we just buy this one item. Our neighbors look happy enjoying their latest luxury. Our friends …

31 Days To Fix Your Finances, Day 15: Coming In Under Budget And An Emergency Fund

The Simple Dollar offers a month-long plan for fixing your finances. All you need is an open mind and an hour each day. When you get rolling under the plan you’ve developed, you’ll discover that (almost always) you’ll come in under budget for the month if you stick to your guns on the nonessential spending. …

5 Big Questions For First Time Home Buyers #1: How Do I Get Started?

As I begin the process of locating and buying my first home, my mind is loaded with questions. This week, I’m answering the five biggest ones (for me, at least) in detail. Other questions involve true home ownership costs, hiring an agent, hiring a home inspector, and closing costs. My wife and I have casually …

Categories: Housing