The Simple Dollar

Simple, applicable personal finance advice for the modern world.

Profile of The Simple Dollar

Latest Posts from The Simple Dollar (page 296)

Ten Pieces of Inspiration #120

Each week, I highlight ten things each week that inspired me to greater financial, personal, and professional success. Hopefully, they will inspire you as well. 1. James Baldwin on reading “You think your pain and your heartbreak are unprecedented in the world, but then you read.” – James Baldwin To me, books make the world much smaller, not bigger. […]

Your Tax Return Is Not a Christmas Present

Over the past few weeks, many people have started receiving their tax returns if they filed their income taxes early in the year. It can be an exciting time, particularly if your income tax refund check is the largest check you receive all year. […]

Sheltered Children and Money Troubles

Although my parents never had a whole lot of money, they did a wonderful job of shielding me from that financial reality while I was growing up. […]

The Gap Matters More Than Anything

Have you ever noticed a certain trend in the reader mailbag questions? People often ask which approach to paying off their debt is better, or whether it makes more sense to rapidly pay down a 4% debt or to invest that money. In both of those cases, we’re discussing a very small difference in financial benefit over the course of years. […]

Reader Mailbag: Spring Walks

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Roth TSP versus Roth IRA 2. Sports gambling addiction 3. Maximizing your driving dollar 4. Easy and hard 5. Which car should I sell? 6. No interest debt 7. Investing under Social Security 8. Payday loan cycle 9. […]

Anticipating Wealth

What will you be earning in ten years? Most of us can’t really answer that question. We might have a guess as to the answer, but it’s little more than a guess. However, almost all of us make quite a few decisions today based on our gut feeling about that question. Let’s say you knew for certain that in ten years you’d be making four times as much as you’re making right now. […]

The Simple Dollar Weekly Roundup: Longer Days Edition

One of the biggest reasons I enjoy spring is the lengthening days. Rather than the sun creeping above the horizon at 7:15 and disappearing at 4 in the afternoon, we now have days where the sun starts to peek up at about 6:30 and then disappears at about 7:30. […]

The Investment Trinity

Every investment you make requires you to balance three different factors. The first factor is risk. How likely is it that you’re going to get the return you expect over the next year, or the next five years? Generally, lower risk is better. The second factor is liquidity. How easy is it for you to get money out of that investment? The easier it is, the greater that investment’s liquidity. […]

Your Degree Isn’t a Ticket to a Career

About once a week, I get an email from a panicked student about to graduate from college (or recently graduated). They’ll tell me about how they entered into a major that they thought led to a great career, only to find upon graduation that they’re working at Starbucks or not working at all, as are many of their friends. […]

A Seven Year Old Learns About Credit Cards

Here’s some food for thought for those of you out there raising children and hoping to teach them good lessons about money. I was at the store recently with my seven year old son. […]