Cash Money Life

Well, it’s that time of year again. Fall is almost here. The nights are getting cooler, the days are shorter, and this is week 1 for the NFL. I’m not a huge football fan; I generally only watch a couple games every year on TV (one is usually the Super Bowl). But this year a [...]

Did anyone see P. Diddy’s recent YouTube Video in which he whines about high gas prices? It seems he can’t afford to spend the money to fuel his private jet for round trip flights between LA and NY.
Diddy says 2 round trip flights cost him about $250,000, so he needs to fly commercial on American [...]

I added a new feature to my blog this weekend, the BT Active Discussions Plugin. If you click on the Discuss link in the navigation bar at the top of my blog, it will direct you to the 30 most recent comments that were made on this site. This makes it easier to track recent [...]

College is starting up around the country right now. My sister just began her freshman year of college, and like many people her age, this is her first time living away from home. For most people, going away to school is an eye opening experience. In a lot of ways, it’s sink or swim. Hopefully [...]

Well, I bit the bullet and joined a fantasy football league this year. That isn’t really noteworthy except that I don’t watch football, and I don’t know much about it, at least from a fantasy standpoint. But I am friends with several members of the fantasy football league, so this is a good chance for [...]

I received a comment from a reader last week asking me how to stop a spending addiction. The comment was left on an article about Dave Ramsey’s Baby Steps, which is a process for getting out of debt, staying out of debt, and growing wealth. Dave Ramsey often speaks about the psychology of money as [...]

This weekend my wife and I went to a retirement party for one of her coworkers. It was a potluck, which is always a lot of fun. There were some outdoor games as well, including badminton. One of the guys there, a “know-it-all doctor type,” remarked how badminton shouldn’t even be considered a sport, much [...]

I received a reader question this week that I thought I would share with everyone for a few reasons: to answer the reader’s question, hopefully help others, and extend the conversation. You see, not all financial questions are about pure number crunching, and this is one of those occasions. Please feel free to add to [...]

My wife and I watched part of the Olympic opening ceremonies, which I have to say was one of the most impressive displays of human coordination and synchronization I have ever seen. Amid the lights, sounds, and other media, the performers danced, sang, moved, and beat drums in ways I never could have imagined. I [...]

My wife and I took it easy this weekend. I kicked back and read a Clive Cussler novel, which was the first non-financial book I’ve read since I went on vacation in June. I enjoy reading, but I don’t seem to have enough time to read as often as I would like.
If you’re not familiar [...]

I’ve written several times about the economic stimulus checks and even answered quite a few questions about it as well. One of the most common questions I have gotten recently is whether or not there will be a second economic stimulus check. Right now there is no definitive answer, but the Democratic party is leaning [...]

Did you know the state can legally take money from your bank account or the contents of your safe deposit box and add it to the state treasury? No, I’m not talking about the state hijacking the assets of a drug runner or other criminal. I’m talking about the state seizing your money.
Each state has [...]

My wife and I went to a farmer’s market yesterday and bought some fresh vegetables. We bought a half dozen ears of corn, a green and golden zucchini, some tomatoes, and some snap peas. For dinner last night we each had an ear of corn, some grilled zucchini, sliced tomatoes, snap peas, and naan bread [...]

This week I discussed how to become a millionaire. The process itself is not difficult. You need to earn money, spend less than you earn, save the difference, invest the money you save, and repeat the process.
Each step is essential. To become a millionaire you must follow each of these steps. You must earn money [...]

The third step in the how to become a millionaire series is to save money. By now, you are earning money and you are spending less than you earn. The key is to take your surplus money every month and make it work for you. That means saving and investing that money.
Saving money is more [...]