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Category: Financial Goals

What Gets You Out of Bed In the Morning?

What Gets You Out of Bed In the Morning?

I intend for this to be a fairly short post because I am much more interested in the answer to the question. And I hope you will post in the comments below. I have been thinking a lot about motivation lately. At a certain point what motivates us? What is the point to certain things after a while? Why do we continue to do the things we do even if we have accomplished certain items? For example, I have reached,…

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A Strategy for Debt Fatigue

A Strategy for Debt Fatigue

Do you have a lot of debt, particularly large ones? Do you feel like you are making no progress? Did you start off strong on your debt and you have hit a wall? Are different strategies for paying off debt not working for you? If you answered yes to any of those questions then you might be suffering from debt fatigue. I know that I suffer from it. Let’s be honest paying off large amounts of debt is hard, particularly…

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What Would You Do With a Million Dollars?

What Would You Do With a Million Dollars?

I don’t know about you but I like thought experiments. I like thinking about different kinds of questions, dreaming about what you would do about them, and then how could you get there to make those questions occur. Earlier, I opined about what would you do with $100,000? I also like asking questions about how we define things. For example, questions such as what does it mean to be rich? broke? how much money should you save, etc, are all…

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My Interview with My Strategic Dollar

My Interview with My Strategic Dollar

Hey everyone, A little while ago a fellow personal finance blogger asked me if I would like to be part of his interview series. The series is called “Dollars and Debts” over at My Strategic Dollar. Well, the interview came out today and if you are interested go over and check it out. I would also encourage you to check out Lance’s blog at My Strategic Dollar. It has some great information and he is just a really good guy….

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Change the World But Use the System to Your Advantage

Change the World But Use the System to Your Advantage

I am privileged to have a job where I get to argue for a living. It is great. I get to have some really in-depth intellectual debates with colleagues and students from across the country. I often get into very intense conversations with my colleagues at my university. In particular, I have a colleague where we often debate the economy and retirement. We “argue” but it is always done civilly. And this person is one of my closest colleagues at…

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What Are Your Financial Dream(s)?

What Are Your Financial Dream(s)?

I hope that all of us dream a bit. We dream of becoming a world star athlete or the President of the United States (ok, maybe that is only me). Maybe we dream about becoming an actor or someone who was featured on MTV Cribs. We all, hopefully, have dreams that can be grandiose but potentially could happen. Last week I asked what you would do with an extra $100,000? So this week I want to ask what is/are your…

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Financial Goal by 50: Hit the Two Comma Club

Financial Goal by 50: Hit the Two Comma Club

I am sure all of you have heard about goal setting and how to reach your goals. I promise this post is not about that. There are all kinds of great advice about hitting your goals. That includes making them realistic, creating vision boards, starting with small things and working into larger items, etc. We all should try to have goals. I mean what is the point of life without having to live for some goal. And it doesn’t have…

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If You Can Afford a Vacation You Can Afford to Invest

If You Can Afford a Vacation You Can Afford to Invest

This post today is a response to a few comments I saw on different Facebook feeds and other blog posts regarding planning for retirement. The basic conclusion I received from these comments are two-fold: 1) they could not afford to put any money away for retirement; 2) they didn’t have the time right now to deal with the situation. And in that same vein, similar people were responding to different posts and articles about vacations and the like (e.g. where…

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Would You Live/Retire Abroad?

Would You Live/Retire Abroad?

I fully admit that I do a lot of daydreaming and fantasizing about the future. Probably too much. I mean one of my biggest issues is being more present instead of thinking and primarily worrying about the future. However, I really do like thinking about my potential financial dreams. This is also the time of year, summer, when things slow down for me. While I am still working, my schedule is a lot less structured. I am teaching, doing research,…

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Want a New Financial Future? Own Your Past

Want a New Financial Future? Own Your Past

In some respects this post is like a Dr. Phil episode. I fully admit I watch Dr. Phil every once in a while because I am fascinated by the stories. Frankly, if your life isn’t a Dr. Phil, Maury, or Jerry Springer episode can life be really that bad? The truth is it can, particularly financially. A lot of us make New Year’s resolutions regarding personal finance, but we don’t follow through with them for a variety of reasons. In…

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