There is risk involved in all investing. Don’t let that stop you from investing. Instead, spend some time thinking about how to manage the risk. Read here to get some ideas.
Ingredients of Building Wealth
What are the ingredients of building wealth? Read here to find out the four ingredients that you need.
Three Reasons You Should Learn To Do Taxes
Dear Young and Learning About Money, There are three reasons you should learn to do taxes. Let me start by telling you about how I was led to the first reason. Going back a few years, I knew nothing about how to do taxes. Sure, I knew some things that could save me money on […]
10 Things Everyone 30 and Under Should Know About Taxes
Dear Relatively New To Thinking About Taxes, I think that there are at least 10 things everyone 30 and under should know about taxes. Let me start by telling you how I came to that conclusion. I was a teenager when I got my first job. The thought of having new money was so exciting! […]
Keeping Up With The Joneses
Hello Dear Young Friends, Not long ago I wrote to you about conspicuous consumption. This week, I am writing about a related personal finance stumbling block called “keeping up with the Joneses.” Are you familiar with that expression? Just in case you are not, I will start with the meaning. What Does Keeping Up With […]
Understanding Checking Accounts
Hello Dear Young and Wondering About Checking Accounts, So, someone told you that all you need is a savings account. But, then someone else told you that you need a checking account. Then finally, someone told you that no one writes checks anymore. Now, you are confused about checking accounts. Well, today, I am going […]
Conspicuous Consumption
Welcome Back Young Friends, Today’s letter is inspired by a message that someone sent me at the beginning of the year. On the surface, the message was about Birkin bags. But at the root, the message was about conspicuous consumption. In case you don’t know what a Birkin bag is, it’s a handbag. These bags […]
Having Fun While Building Your Wealth
Hello My Twenty-Something Friends, Recently, I wrote a letter about using the decade after you finished school as the decade to build your financial empire (or, at least the foundation of it). But let me make something clear…I want you to have fun while building your wealth. So, today I am going to discuss […]
Building Wealth In Your Twenties
Hello My Twenty-Something Friends, My ideas about personal finance are similar (though not exactly the same) for most people of various ages. But I am mostly interested in young people building wealth in their twenties. I was encouraged to write on this post because a young twenty-something commented on the fact that I drive a […]
Invest First or Emergency Fund First?
Hello My Young Friends, I was recently asked which a person just starting out should do: invest first or emergency fund first? Well, that is a very good question. If you think about the purpose of emergency funds, that will help you easily understand which comes first and why. So, let’s get to it. Invest […]