Money Tips Network

Welcome to Wise Bread's Best Money Tips Roundup!

Being a football fan is all fun and games — until it starts making you broke. Cut the financial damage off at the pass by recognizing 10 money traps that the gridiron holds. (See also: How Everyone Can Cut the Cable — Even Sports Fans)
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A few weeks ago, Mike Rowe (perhaps best known as the host of the Discovery Channel television series Dirty Jobs) posted an interesting essay on the subject of following your passion. In fact, it was interesting enough that it popped up all over the place on social media sites.

His central point is that passion alone won’t bring you success in the field of your choice, which is something that I certainly agree with. However, he carries it a bit further than that, stating that the advice to follow one’s passion is inherently bad:

Younger kids can be a handful when you’re trying to get things done. Photo: Rob Briscoe

If you’ve ever thought working from home with small children beats driving to the office each day, you may be sadly mistaken. My children are definitely the apple of my eye, but they can be a handful anytime I sit down to complete an important task. It’s almost as if they have an internal switch that flips on any time the cover of my laptop opens!

Before I made the decision to enroll my youngest son in child care, it was quite a struggle to balance running a business with an infant in tow. After years of following all sorts of tips to minimize distractions, I finally figured out how to successfully accomplish tasks without pulling all my hair out.

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This week's topic: Retirement Readiness!

Welcome to Wise Bread's Best Money Tips Roundup!

The air is starting to chill and the leaves are starting to fall. Pools are coming down, and plans for how to prepare the yard for winter are being made.

Save for retirement. Period.

There are very few adults in the United States that are of working age that aren’t affected in a positive way by saving for retirement. For virtually all of those people, saving for retirement – or saving more for retirement – is a strong positive move.

If there was one financial move that I got right before my personal finance meltdown in 2006, it was that I saved for retirement from the day I started working. Almost every mentor I had in my life encouraged me to sign up for this the second I started work and, for once, I actually listened to their money wisdom. (If only I had listened to other elements of their advice, such as “pay off your student loans quickly” and “don’t elevate your lifestyle now that you’re making more money” and “spend less than you earn.”)

Let’s start off with the most obvious question.