Here’s a mental tool for improving your relationship with money that I learned from a saint. Money plays a major part in all our lives. Yet, no one really masters it. Even the richest among us are prone to inconceivable financial blunders. You just get a little better at it as time goes on. AContinue reading “What a 500-Year-Old Saint Taught Me About Money”
Tag Archives: wealth
No Such Thing as Enough Money
How much money is enough? It’s a philosophical money question that often arises out of discontent. We see someone of substantial means, like a celebrity, live a troubled life. Or, we ourselves experience great fortune yet feel unhappy. It makes us wonder where the finish line is, the point when you can stop striving forContinue reading “No Such Thing as Enough Money”
The Relationship Between Money and Marriage
I love scotch; she hates it. There are many things my wife and I don’t agree on, but money isn’t one of them. We are intentional spenders, buying only what mutually aligns with our needs or values. For instance, disinterested in paying for the trappings of an ostentatious wedding, we tied the knot at NewContinue reading “The Relationship Between Money and Marriage”
The Cost of Friendship
An oak tree can grow to 100 feet tall and live for more than 100 years. In a mast year, an oak tree can shed as many as 10,000 acorns, hard little squirrel delicacies raining down dozens of feet on your lawn (or head) like tiny missiles. These are things I learned only after shippingContinue reading “The Cost of Friendship”
“Follow Your Passion” Is Good Financial Advice
Here’s an interesting financial paradox: the less you obsess over wealth, the wealthier you will likely become. For example, Michael Batnick, Director of Research at Ritholtz Wealth Management, notes this wild investment fact: “Since 1916, the Dow has made new all-time highs less than 5% of all days, but it’s up 25,568% over that time.Continue reading ““Follow Your Passion” Is Good Financial Advice”
How Early Is Too Early to Think About Long-Term Care?
In the discussion of the single most important financial asset — investments, pension, real estate, cash, etc. — I nominate the body. Your body is how you make a living. And in a flash or rising crest, your body can come to dictate your entire financial life. This is evidenced by the more than 80%Continue reading “How Early Is Too Early to Think About Long-Term Care?”
Sell Your Hot Dogs at a Loss
How we spend money is as important as how we save it. Because we don’t express our truest selves with a 401(k) statement the way we can with a debit card. What is the meaning of money if you never happily spend it? In Kitchen Confidential, Anthony Bourdain famously wrote, “Your body is not aContinue reading “Sell Your Hot Dogs at a Loss”
One Question to Improve Your Money Habits
Goodbye, dear reader. Scientists have announced a previously undetected asteroid is on a collision course with Earth. It will strike within minutes and wipe out all life on the planet. Take the short time you have left to first hug your loved ones. Then, since you’re a person who understands the importance of good moneyContinue reading “One Question to Improve Your Money Habits”
How to Develop a Wealth-Building Mindset
You can have all the financial wisdom ever known. Yet, it is still no guarantee you’ll achieve your financial goals and build wealth as you define it. Knowledge isn’t always an effective antidote for our emotions. Therefore, to put that knowledge into action it helps to have the right mindset. In my latest article forContinue reading “How to Develop a Wealth-Building Mindset”
Incognito Money Scribe 