Do you know the difference between being cheap and frugal? Some people use these words interchangeably but there is a big difference. Ramit Sathi has a simplified chart that shows the difference between the two. What about you? Are you cheap, or are you just Frugal? Links mentioned in today’s podcast: The difference between cheap people…
10 basic questions absolutely anyone should be able to answer about their money By: Derek Olsen of Rockstar Finance It’s your money. Can you answer the ten easiest money questions ever? 2. How much money do you have? 3. How much do you earn each month? 4. How much debt do you have? 5. How…
I often ask clients and prospects how much they spend on a monthly basis. About 30% of the time that people can tell me the number with accuracy. In fact, usually, when couples are in my office together one will look at the other insinuating the other is spending too much money. For others, it…
Where is the Best Place for My Retirement Savings?
1. Not contributing anything to your 401(k) If your company offers a 401(k) plan with a match, and you are not contributing to the plan than free money is left sitting on the table. Let’s say, for example; you make $50,000, and the company matches up to 6% of your salary. If you are not…
