The Right Way To Teach Kids Personal Finance

The Right Way to Teach Your Kids About Personal Finance

I’ve come to terms with the fact that U.S. schools probably won’t be teaching my kids, or your kids, about personal finance. They don’t teach them how to stick up for themselves, how to think critically, or a slew of other important stuff either. With my background, I think I can do a decent job teaching some of that, however, since some parents don’t, or can’t, fill the gap, many kids become disadvantaged in ways that have a life-long, negative impact.

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These 5 Personality Traits Make You More Money in the Long Run (And How to Develop Them)

Being “bad” with money is not usually the result of stupidity, negligence or even bad luck. More often, being bad with money is simply the consequence of having personality traits that are better suited for other things. Studies like this one have demonstrated that some people seem to be born with an affinity for saving money and investing, while others lean towards instant gratification, even over a potentially bigger reward down the road.

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These 5 Expenses Have the Biggest Impact on Your Net Worth

These 5 Expenses Have the Biggest Impact on Your Net Worth

There are some expenses we just can’t avoid, like taxes, health care and funeral costs. Sure you can maximize your tax savings and try to avoid overpaying for health insurance, but generally we must live, and die, with these costs. However, you can control most of your other big-impact expenses and with a little foresight, you can use these budget and investment adjustments to supercharge your net worth.

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Being debt free is overrated

This Is Why Being Debt-Free Is Overrated: The Math Behind Opportunity Cost

There’s a lot of talk, mostly in online personal finance forums, about the benefits of being completely debt-free. Not just somewhat debt-free, 100% debt-free, as in only buying cars with cash-on-hand, not using credit cards and avoiding mortgages. Though I can understand the attraction to being totally debt-free and even once wrote about why you should never borrow or lend money, being completely debt-free is a money mistake that you cannot afford to make.

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The 5 Best Ways To Make Money While You Sleep

One of the best things you can do to build future wealth is to develop multiple income streams now. Mostly, ones that require more time than money to create. Most profitable passive income sources demand a lot of your time, however, starting just one revenue stream today could prove highly profitable down the road. I started Valuist without much of a plan or even a consistent publication schedule. But after writing for a while, opportunities to make money

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7 Proposed Changes to IRA Accounts and How They Could Alter Your Retirement Plan

The major problem with this proposal is that we’re no longer talking about the mega-wealthy here, this hurts middle class investors who don’t make the majority of their earnings from investments but want access to private equity. The vast majority of Regulation D (private equity, rather than public stock) offerings are made to accredited investors. Further, these investments are typically not highly liquid…

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How to move long distance and the true cost of moving

How To Move Long Distance & The True Cost of Moving

You have a lot of options to get your stuff from one place to another and from what we found, there is no perfect option. Doing everything yourself is a monumental task but having someone else handle things can become expensive quickly. In the end, we opted for a hybrid moving model, wherein we handled some tasks ourselves and hired out others. A lot of what you will decide will depend on how fast you want to move and what you are personally willing or capable of accomplishing alone.

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