MONEY SMART
Spend smart, invest sucessfully and live the life you want.

Category Archives: Financial Literacy

4 Ingredient Recipe for Financial Success

've had 63 years of business experience; 63 years of trial and error since my father set me up with a paper route at the age of 9, telling me he would only pay for the roof over my head and food from then on. He was true to his word and while it was harsh by today’s standards, it sure was effective. That’s when I got serious about making my way and have certainly made my share of errors along the way. What I’ve learned is that the recipe for success is the faithful practice of just four basic ingredients. Achieving success, whether in business or personal finance, is within reach of everyone.

The New Rules of Long-term Financial Planning

The game of long-term financial planning has changed. There are many reasons for this change: the inevitable impact of our government's massive debts, the high likelihood that the stock market will continue its ten-year-plus underperformance for at least another decade or more, also that the economy will be weaker than normal for a long time to come, that the current historically low interest rates cannot be maintained, and that the dollar will unavoidably become much weaker at some point have all combined to change the game.

Announcing: MONEY SMART RADIO

I will be hosting a weekly radio show based on the premise that for the last 25 years, Americans have been sold a destructive system of personal money management—a system that never worked and never will. It's time for an approach that works. It’s time to spend smart, invest successfully and live the life you want. That’s Money Smart Radio.

Did I Really Want That? Why We Buy What We Don’t Need

It’s time to resist the influence of advertising, manage your money, and make purchases based on your priorities. It's your money, be your own financial expert and start by following this spending tip.

The Rules of Spending Wisely: Financial Literacy Essentials (3 of 3)

Last week, I talked about the Rules of Money, and where there is money there is SPENDING.  We couldn’t get through Financial Literacy Month without talking about how we spend our hard earned cash.   If you want to do well financially, there is a sure-fire way to do it. Spend your money wisely. Remember, one [...]

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Should I Invest in Gold?

I've been asked that question a lot, especially in the last month or so. Over the past year I have consistently advised against investing in gold and that advice has been pretty good as the price really hasn't changed much. I do believe there will come a time when owing some gold will be a very good idea, but I don't believe we've reached that point as yet for a variety of reasons.

We See Through the Lies!

Earlier this week, a New York Times article came out that really caught my attention. It was disappointing to see the typical economic spin that encourages people to invest with the financial services industry NO MATTER WHAT taken to such great lengths, but was also encouraging to see that the article was in response to a terrific new trend by their customers. People are really starting to catch on that it’s not a good idea to invest in the stock market, especially not at this time, and have been pulling their money out. Now, that’s great news.