• Setting Daily Metrics For Personal Finance Success (And Success In Other Areas, Too!)

    We’ve all heard the maxim of “taking it one day at a time.” I’ve even discussed making a one day commitment to personal finance change. But for most of us (I can certainly say it’s true for me and my friends and coworkers), the biggest problem to achieving bigger goals, like paying off credit card …

  • 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 …

  • Starting Your Roth IRA In 2007

    Many people often think in the back of their heads that it would be a great idea to start a Roth IRA, but they let it stay there in the back of their heads because it’s easier to do other things than plan for an optional retirement plan, especially if one is already deducting money …

  • Ten Ways To Accelerate Your Net Worth Growth

    Now that you’ve calculated our net worth, you’re probably excited about seeing that number go up, and once it starts going up, you’re going to want to see it keep going up, faster and faster, rocketing to the moon. For my net worth growth, I have a thumbnail goal of a 2% increase per month …

  • A Savings Plan For 2007: The Ulysses S. Grant Plan

    After posting a series of savings plans this week, I received the following email from a reader: I was wondering, could you also do an entry in that series if someone puts $50 away? I’ve shown the article to a few people, and their incomes gravitate to more of $x per month, and around $50 …

  • What Can I Do Today To Make Me Rich In The Future?

    In an ever-changing fast-paced world, most of us are accustomed to doing things now, and long-term financial planning is often difficult for us to wrap our arms around. We don’t want to think about being a millionaire in twenty years; we want to start down that road now with quick actions that we can use …

  • A Savings Plan for 2007: The Andrew Jackson Plan

    This week, The Simple Dollar is investigating how you can take a small amount each day for the year 2007 and end up with a solid amount of money at the end of the year. These calculations take advantage of offers and promotions available in December 2006 and also use interest rates from that time …

  • Give Your Future Self An Amazing Christmas Present Next Year – An Extra Mortgage Payment

    Most people find themselves swimming in debt after spending too much on the holidays. Next year, you should do something to make that debt seem a little less insurmountable: make an extra mortgage payment so that you’ll own your house much quicker. Sounds hard? It’s not really all that hard at all if you do …

  • A Savings Plan for 2007: The Alexander Hamilton Plan

    This week, The Simple Dollar is investigating how you can take a small amount each day for the year 2007 and end up with a solid amount of money at the end of the year. These calculations take advantage of offers and promotions available in December 2006 and also use interest rates from that time …

  • A Financial Plan For 2007: The Abraham Lincoln Plan

    This week, The Simple Dollar is investigating how you can take a small amount each day for the year 2007 and end up with a solid amount of money at the end of the year. These calculations take advantage of offers and promotions available in December 2006 and also use interest rates from that time …

  • A Savings Plan For 2007: The Thomas Jefferson Plan

    This week, The Simple Dollar is investigating how you can take a small amount each day for the year 2007 and end up with a solid amount of money at the end of the year. These calculations take advantage of offers and promotions available in December 2006 and also use interest rates from that time …

  • A Savings Plan For 2007: The George Washington Plan

    This week, The Simple Dollar is investigating how you can take a small amount each day for the year 2007 and end up with a solid amount of money at the end of the year. These calculations take advantage of offers and promotions available in December 2006 and also use interest rates from that time …

  • How To Retire In Your 30s … Without Selling Your Soul

    Recently, I came across an article at WikiHow entitled How to Retire in Your 30s which pledged to describe a plan by which a person could retire by their 40th birthday in only six short steps. For the most part, the article is spot-on but out of touch with reality. Let’s take a look. 1. …

  • When Careful Financial Planning Goes Awry

    Recently, I heard from an old friend of mine that her family’s financial plans had been completely destroyed in an unexpected way. Her family was relying on a financial aid program from the state she lived in that paid for 80% of the daycare for her children in the event that both she and her …

  • Defining My Financial New Year’s Resolutions – And Their Action Plans

    A few days ago, I discussed why so many New Year’s resolutions fail: it comes down to excess resolutions and a lack of a realistic plan filled with milestones. With that in mind, I have defined three resolutions for the coming year, along with plans for being successful in following these resolution. I resolve to …

  • Ted’s Dilemma: Planning For The Future On Minimum Wage

    Recently, I had a conversation with a reader named Ted. Ted works a full time minimum wage job and still manages to live in his own apartment, but unsurprisingly, he feels like he’s not getting anywhere financially. He had a pretty valid complaint about The Simple Dollar, that I write very little that applies to …

  • Why New Year’s Resolutions Fail (Especially Financial Ones) – And How You Can Make Yours Succeed

    For years and years, I would make a series of New Year’s resolutions in the days leading up to January 1. These would be full of high-minded goals, such as “I’m going to save $1,000 this year” or “I’m going to lose thirty pounds this year.” January 1 would roll around and I’d start off …

  • What Exactly Is A Certified Financial Planner, And Why Should I Care?

    Recently, I read Suze Orman’s The 9 Steps to Financial Freedom. At several points during the book, Suze refers to herself as a “Certified Financial Planner” several times, with the words in capitalized format. At the time, I somewhat brushed this off and kept plowing through her advice, but I kept wondering what exactly is …

  • 25 Rules to Grow Rich By #15: Life Insurance

    The Simple Dollar is running a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #15: You need enough life insurance to replace at least five years …