Tag: personal finance
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Babci’s Rules of Personal Finance
Tweet Babci is a self taught personal finance guru. She has managed to live debt free for her entire life. In fact, she’s never even had a checking account, let alone a credit card or mortgage. I thought I’d share some of her most commonly dispensed financial advice. Enjoy. Always pay cash for anything you…
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Don’t Put Money in Your 401K
Tweet Today’s article is inspired by Kevin at Invest it Wisely. He wrote a great article on Challenging your Personal Beliefs. The premise is to take a concept that you hold near and dear to your heart and think about doing the opposite to see if you can learn something from the exercise. Some of…
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Is Optimism Bad for Personal Finance?
Tweet Frugal Dad wrote a post the other day about doing Financial Fire Drills. Essentially, he said that periodically you should pretend like you’ve had an emergency and see how long you’d be able to last without income. He actually brings up some excellent points about the added costs of unemployment such as higher insurance…