I don’t own a pair of boxers that cost less than $20. Why? Because high-quality underwear is way more comfortable. Is more than $20 expensive? I don’t know. I guess it’s likely more than most people pay. But it adds real value to my life. You wear underwear all day...

People often complain about the cost of a term life insurance policy, or getting critical illness or disability insurance. “If I don’t end up using it, isn’t that just money down the drain?” Two huge things. One. Having peace of mind that your family would be taken...

According to AutoTrader, in June the average new vehicle went for $66,288! That’s a huge amount and over 20% higher than the year before. Prices are on the rise because inventory levels are low and demand is high. And with those higher prices, come larger loans and...

One way to sound smarter is to say less. The less you speak, the lower your odds of saying something stupid. Two examples. When I was working a corporate job and was in meetings with higher up executives, I would often make a point of not speaking up in meetings...

One of the trickiest parts of personal finance is managing the transitions. Like the transition from: * Spending everything to saving regularly as you start making progress in your career and start thinking more seriously about your long-term future * Doing everything...

You don’t have to wait until after you’re gone to leave your kids money. There’s no rule that says an inheritance must be given all at once when you die. There’s far more flexibility than that. You just need to be intentional about it. One reason people don’t gift...

Shame holds people back from making progress with their finances, and in life more generally. They let their failure to start saving sooner get in the way of starting to save today. They let their fear of having wasted time lead them to waste more. They let their past...

One reason why getting ahead or being proactive about your finances is so important is that it makes life less expensive. It takes less money to save for retirement the earlier you start. Insurance is more affordable the earlier in life you get it. You can avoid...

If you want to get good investment returns, you can’t miss the market’s best days. Market performance isn’t smooth. It’s choppy. It doesn’t go up 0.1%, 0.2%, drip by drip. It sometimes makes massive moves, up 5, 6, 7, 8, 9% in a single day. If you miss those days, if...

I often hear people say some version of, “Owning our home is our retirement plan.” Sometimes they’re half joking. But that also means they’re half serious. And retirement is no joke. Owning your home can certainly be part of how you plan for retirement, but there’s a...