The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 5)

From the Scarcity Mindset to the Abundance Mindset

Four years ago, I wrote a very brief article on the idea of scarcity and abundance mindsets. At the time, it was an idea that was pretty fresh in my head, and so I didn’t yet have the opportunity to really cover it with any depth. […]

Self-Reliance, Part One

Of all of the essays and short articles I have ever read, the one that has had the greatest impact on me is Self-Reliance by Ralph Waldo Emerson. If you’ve read my “Pieces of Inspiration” column before, you’ve probably seen me quote from it several times – and for good reason. […]

Why Fees Matter

The absolute first thing I look at when comparing investments is the fees that are charged on that investment. I look at it before I look at the history of that investment or anything else. Why am I so interested in the fees? There are two reasons. First, the fees charged on your investments are real and take a major bite out of how much you earn. […]

Moments of Change

One of my favorite posts I’ve ever written for The Simple Dollar was called “The Longest Night.” In it, I discussed the day that I hit financial bottom. It was an afternoon in April 2006. As I sat down to pay some bills, I looked at the balance of our checking account and realized that we simply did not have enough cash on hand to pay those bills. […]

Inspiration from Walt Whitman, Cardinal Sessions, Rule of Three, and More…

Once a month (or so), I’ll share a dozen things that have inspired me to greater personal, professional, and financial success in my life. I hope they bring similar success to your life. Quite a few people have written to me requesting that I bring back the old “Ten Pieces of Inspiration” series. I’ve decided to change it up a little. […]

The Dangers of Heroic Budgeting

There have been at least two periods in my life where I lived in an extremely cheap fashion. The first was during a period in college in which I lived in off-campus apartments with roommates. I lived off of ramen noodles and whatever was on sale at the grocery store (I lived on lots of eggs) and whatever was being given away at campus meetings. […]

Fourteen Strategies for Increasing Your Compensation at Work

Several weeks ago, I wrote an article outlining twelve tactics for shoring up your career during work downtime. Those suggestions are perfect if you’re looking to “shore up” your career – in other words, your focus is on improving your job security and maximizing your chance to find another job should this one go away. […]

It’s Not About the Money

There was a time when I was absolutely obsessed with keeping track of my money. I checked all of my account balances daily. I recalculated my net worth on a weekly basis. I meticulously tracked every single expense. I didn’t want to miss out on a dime. Over time, I mellowed out on this type of tracking. […]

A Deeper Look at Proportional Budgeting

To people who don’t actively budget, budgeting can seem like a complicated mess involving spreadsheet programs, notebooks, and other materials. […]