For the first fifteen years of my adult life, I borrowed money for every major purchase. Three years ago, I decided to stop borrowing money and get out of debt. As you can imagine, going from a ‘borrower’ to a ‘non-borrower’ (Is that a word?) can be a difficult process. Here’s how I did it – 1. I created two…
Category: Motivation
The Power Of Having A Plan – And Knowing When To Ask For Help
My dad and I are watching the BCS Championship. He’s been at the house all day, installing a set of doors for the baby’s room. Tomorrow, we’re going to finish the playhouse! (Longtime readers will remember that I started building a playhouse for my daughter last spring. I completed about 85% of the playhouse, but then I got ‘stuck’. Frankly,…
Making A Break With The Past – Changing Habits And Thinking Long Term About Personal Finances
I enjoy “running the numbers” – What will happen if I save “x” dollars for “y” years? What will my balance be if the rate goes from “q” to “r”? Can I retire in “z” years? I’m fascinated by the mathematics of personal finance – but I am also keenly aware of the emotions behind our purchasing, borrowing, and spending…