The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 321)

Frugality Binge

It happens to a lot of people – myself included. One day, something triggers a change inside of you. You get really sick of paying money to the credit card companies and finally you reach the tipping point where the drawbacks of living a debt-filled life outweigh the benefits. You’re sick of it. You cut up the credit cards. You read a bunch of personal finance websites and books and articles. […]

Applying Warren Buffett’s 7% Figure to Your Retirement

A few weeks ago, I discussed a Bloomberg article about Warren Buffett’s projections for the stock market over the long term. Here’s a refresher on what Buffett said: “The economy, as measured by gross domestic product, can be expected to grow at an annual rate of about 3 percent over the long term, and inflation of 2 percent would push nominal GDP growth to 5 percent, Buffett said. […]

Ten Pieces of Inspiration #124

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. Renoir on beauty “The pain passes, but the beauty remains.” – Pierre Auguste Renoir Everything painful in life leaves behind a powerful imprint when the pain fades away. 2. […]

The Wasted Years

When I look back to the middle of the last decade – roughly 2002 to 2006 – I see a lot of great memories. I see my marriage to my wife. I see the birth of our first child. I see myself at a pair of jobs that I enjoyed quite a lot. I see the gradual diaspora of my college friends, and I see a lot of new friendships forming. At the same time, I see a ton of mistakes. […]

You’ve Got to Remove the Emotion

We are emotional people. We react to situations with a wide range of emotions: joy, fear, anger, mirth. On the other hand, money is about as non-emotional as you can get. Money is simply a method of exchange between goods and services. […]

The Problem of Security and Negative Motivation

It is very easy to get lost in an endless conversation about money issues. What kind of retirement plan should I have? How do I get rid of my debts? Am I saving enough for my child’s college fund? The goal of all of those things seems to be the accumulation of money. […]

Reader Mailbag: Spring Allergies

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. Free shipping and handling question 2. Hopeless debt 3. Handling real estate windfall 4. Friends convince me to spend 5. Package internet deals 6. Reporting tax cheat 7. Federal budget and housing 8. Jug of water 9. […]

A Big Difference Between Personal Finance and Business Finance

There are a lot of tactics that work well in both the personal finance world and the business world. Cutting your spending works in both worlds if you do it in an intelligent way. Investing in resources that will last for a long time is a good tactic in both worlds. However, there are things that work in business finance that don’t really work in personal finance. […]

The Simple Dollar Weekly Roundup: Rainy Afternoon Edition

The rain is falling from the sky. My work for the day is done and I actually have a few free hours. There is truly nothing that sounds more enjoyable to me in that situation than curl up in a comfortable chair with a great book. I’ll throw a blanket over me, get lost in a book, and lose an hour or two while the rain patters against the window. It happens so rarely. […]

The Reaction

To every action there is always an equal and opposite reaction – Newton’s Third Law of Motion Whenever you choose to spend money on one thing – an action – you have that much less money to spend on another thing – a reaction. It works for time, as well. Whenever you choose to spend time on one thing – an action – you have that much less time to spend on another thing – a reaction. And energy, too. […]