What I learned the hard way and what you can do instead. — I love photography and have spent several years and not a small sum of money trying to get good at it. When I first started thinking about trying a side business, I went for photography. Why not? My images were beautiful, and I was already putting in most of the…

What I’m doing and what you can do too. Most people dream about the future. I know I do. I’ve been a “dreamer” my whole life, always thinking about the future and what could be. Do you dream about living in a mansion and traveling around the world? Do you…

An analysis of the historical data and what to do about it. Inflation is as high as we have seen in 40 years, causing all kinds of problems in the economy. I’ve read different opinions on how stocks perform during periods of high inflation. Some say inflation reduces your returns…

Wealth inspiration #45 — Wisdom can often come in small packages, and wisdom about building wealth is no different. Today’s quote is from Gary Keller, author and founder of Keller Williams Real Estate: “Success is never about the chosen few, but about the few who choose.” This is a critical concept to understand. Too…

What Dave Ramsey gets wrong. — Growing up in a middle-class American family, I always learned to avoid debt as much as possible. There is a good reason for this. Debt can be dangerous if not used prudently. Most people use debt to finance a lifestyle they cannot afford — buying cars, jewelry, clothes, vacations, and…

One way to take advantage of a bear market. No one wants to lose money on their investments, but if you are a long-term buy-and-hold investor like I am, then you shouldn’t be too worried about a bear market. The losses are only on paper if you don’t sell, right? …

What you can do to give them a leg up in the game of life. — Parents want what is best for their children, including that they grow up to be happy and successful. But not all parents know how to teach their kids to be financially successful. Here are a few things that I’m doing with my four kids to ensure they have the opportunity…