The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 8)

How to Get Rich: 10 Ways Wealth Is Created

How do people get “rich”? It’s a question that I see almost constantly asked in popular culture, both directly and indirectly. It’s a constant theme on networks like CNBC and Fox Business News. It’s a big part of countless television commercials, news programs, magazine and newspaper articles, and even entertainment programming. […]

Could You Walk Away From Your Debt?

Some time back, noted former investment banker and entrepreneur James Altucher suggested millennials deal with their debt woes using one simple and elegant solution: Just don’t pay them. His suggestion that young people simply walk away from their debts was greeted by a chorus of boos. […]

Questions About Spousal Loans, Camping, Cardboard Boxes, and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. Perpetual homeowners insurance 2. College loans for school abroad 3. Simple ways to calculate interest 4. Comparing credit scores 5. Starting a home daycare business 6. Paying off spousal loans 7. […]

Investing in International Stocks: Does Your Portfolio Need a Passport?

If you’re an American, is investing in the U.S. stock market good enough on its own? Or do you need to invest in international stock markets as well? Which route leads to better returns? Which involves less risk? What are the pitfalls to avoid? […]

Why I’m Glad I Resisted the Urge to Become a Stay-at-Home Mom

Anyone with small children knows what a huge challenge working and raising kids can be. Each hour you spend away from your kids is one you’ll never get back, and the financial costs of paying for childcare can be high enough to wipe out most of your wages to boot. […]

Does Budgeting Seem Too Complex? Five Simple Alternative Strategies That Can Bring Real Results

Ever since I was a little kid, I’ve had an affinity for numbers. My father loves telling this story about how when I was seven, I corrected a guy’s math off the top of my head… of course, that correction worked against my father and cost him some amount of money. […]

Five Steps You Should Take Immediately After Doing a Balance Transfer

If you’re tired of struggling to pay off high-interest credit card debt, performing a balance transfer can be an extremely smart idea. With a balance transfer credit card, you can score 0% interest for anywhere from 12 to 21 months. […]

The Freedom to Quit Your Job

Quite often, I talk about the concept of “financial independence” on The Simple Dollar. Financial independence, as I define it, is having the financial means to be able to survive for the foreseeable future without having to work for money. […]

Finding Meaning in a Financially Challenging Life

For a period of time in the early 2000s, I had very, very little money to live on. It was during my final years in college and I had chosen to cut my student loans to the barest minimum I could while still keeping a roof over my head and food on the table. […]

An International Adventure Is Closer – and Cheaper – Than You Think

Whether it’s the exotic thrill of hearing or speaking another language, eating unusual dishes, or just experiencing another culture, the allure of wandering foreign lands calls to you. […]