Dear Younger Person, Today’s topic is “economic abuse”. You may not have heard of this term. But, it is a serious topic. Today, I want to give you some basic information on this problem, so that you can recognize it and avoid it. What Is Economic Abuse? Economic abuse is a form of domestic abuse, […]
Tag: financial literacy
12 Things to Know About Social Security
Dear Possibly Not Thinking About Social Security Yet, Have you thought about it? If yes, you may be thinking, “That’s the money that I will live on when I retire. So, I don’t have to think about it now.” Well, as with most parts of one’s financial journey, it’s better to plan ahead. So, today […]
Financial Wellness Mindset
Dear Financial Wellness Seeker, Today, I want to talk to you about having a financial wellness mindset. I have noticed that talking about money can be awkward for many people. Some people believe the myth that money is evil. Others who don’t feel that money is evil don’t feel comfortable talking about money for fear […]
Managing Personal Finance Risk
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.
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 […]
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 […]
The Three Types of Income
It is a good idea to have all three types of income…
Becoming a Millionaire by Starting In My 20’s
Dear In-Your-20s-&-Wondering-How-To-Become-a-Millionaire, I am often get asked questions such as, “How do I go about becoming a millionaire by starting in my 20’s?” I love this question because I like that the young person is thinking about building wealth. Sadly, so many young people are distracted by the glitz and commercialism that is ubiquitous on social […]