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Wealthy Wednesdays Financial Advice: Marshmallows & Money

DON’T EAT THE MARSHMALLOWS!

Yes, that’s our nugget of financial advice for this week.

But what do we mean by that? What do marshmallows have to do with money?

It turns out…a lot.  Continue reading “Wealthy Wednesdays Financial Advice: Marshmallows & Money”

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Personal Finance Success Stories: Before You Feel Envy, Read Between the Lines

Yesterday there was a story on Yahoo, “I Had No Savings at 40 But Retired by 60,” and there were well over 5,000 comments. I love reading these stories AND the comments because you can learn a lot (and laugh a lot) when you put them together. Reading “success” stories is sort of like “Facebook Envy.” Reading about other people’s personal finance success stories (“I am debt-free!!!!!”) can leave you frustrated and burned out–just like the feeling you get when you read about your Facebook friends’ fabulous vacations, parties, homes, kids/families, careers, personal fitness, etc., etc, etc.  Continue reading “Personal Finance Success Stories: Before You Feel Envy, Read Between the Lines”

The Tightwad’s Notebook: Lesson #16–Pay Off (Not Down) Your Smallest Debt First Regardless of the Interest Rate

The Tightwad’s Notebook: Lesson #16–Pay Off (Not Down) Your Smallest Debt First Regardless of the Interest Rate

Wipe our Debt
I can’t tell you how great it feels to get rid of a large debt. It’s a freeing feeling like no other–thank you Dave Ramsey! The way to do it? Pay off (don’t pay down, pay OFF) the smallest debt first regardless of the interest rate. Attack and conquer one small debt, then go on to the next when that one is dead and buried. You’ll get to the bill with the large interest rate soon enough. (Photo credit: Images_of_Money)

This is really a page from Dave Ramsey’s book, but it’s so worth mentioning again…and again…and again. Pay off–not down–your SMALLEST debt FIRST. Continue reading “The Tightwad’s Notebook: Lesson #16–Pay Off (Not Down) Your Smallest Debt First Regardless of the Interest Rate”