dcsimg
As featured in The Wall Street Journal, Money Magazine, and more!

Personal Finance

“What Works For You” Can Be a Trap

by Luke Landes

One of my favorite bloggers, and likely one of yours, is J.D. Roth. He has been writing about personal finance at Get Rich Slowly for some time now, and I was a fan of his writing at foldedspace when “blog” was still a new word. He is working on a book now, which I can’t ... Continue reading this article…

21 comments Read the full article →

I Will Teach You to Be Rich, a Six-Week Boot Camp With Ramit Sethi

by Luke Landes

While I was in California this past week, I spent a few days at my brother’s new apartment before his wedding this past Saturday. Among the piles of books not yet placed into a bookcase was something familiar: I Will Teach You to Be Rich by Ramit Sethi (review here). Ramit is a colleague of ... Continue reading this article…

4 comments Read the full article →

Seven Zen Principles to Guide Your Money and Your Life

by Luke Landes

A few years ago, I visited the Japanese Tea Garden in Golden Gate Park in San Francisco. Japanese gardens are designed precisely to appear natural, resulting in an interesting collision between nature and man. There is a set of principles or aesthetics that guide the creation of Japanese gardens, including the dry gardens commonly called ... Continue reading this article…

14 comments Read the full article →

Ten Things I Will Teach My Children About Money

by Luke Landes

I do not currently have children, but I have not ruled out starting a family some day. If and when I do have children, I hope I will be able to help them become smart and capable adults over time. I believe this is what my parents have done for me, and I’d like to ... Continue reading this article…

27 comments Read the full article →

Keep Emotions Separate From Financial Decisions

by Luke Landes

If you are reading this article, it is almost completely guaranteed that you are human. And if you are human and do not have a major cerebral deficit, you have emotions. Perhaps have is not a strong enough word; everything you do, and every decision you make, is controlled by your emotions. Even the strive ... Continue reading this article…

2 comments Read the full article →

A Report Card for Financial Rules of Thumb

by Luke Landes

I’m not a big fan of “rules of thumb.” These are bite-sized nuggets of wisdom masquerading as advice, designed to apply to a mass audience. At best, they cant point someone in the right direction, but at worst, rules of thumb can erroneously send people on the wrong path or can mistakenly instill a false ... Continue reading this article…

21 comments Read the full article →

The Little Things and the Big Things: Which are More Important?

by Luke Landes

It’s easy to adopt one concept and use that concept to define your world. You commonly see this in religion, but I’m referring to personal finance concepts, as you might expect from Consumerism Commentary. One popular financial guru talks about The ECRD Factor. His followers — a guru can’t be a guru without a throng ... Continue reading this article…

12 comments Read the full article →

Measuring Financial Progress: Net Worth vs. Net Investable Assets

by Ray

This is a guest article by Ray, the owner and primary author of Financial Highway, where he discusses investing, saving and practical money management concepts. You can check subscribe to his RSS feed or follow him on Twitter. I strongly believe that tracking your financial progress is crucial to reaching your financial goals. If you ... Continue reading this article…

7 comments Read the full article →

Posts of the Week

by Luke Landes

Here are some articles of note. 12 Step Program: Shopping Addiction? MLR (My Life ROI) offers an overview of a twelve-step program for overcoming an addition to shopping. What I really like about this post are the twelve ways to spot a shopping addict. People are notoriously inept when it comes to self-evaluation; perhaps someone ... Continue reading this article…

3 comments Read the full article →

Posts of the Week

by Luke Landes

Here are a few articles from around the web I recommend reading. A Journey of a Thousand Miles Begins With a Single Step. A few days ago, Tom, the producer of the Consumerism Commentary Podcast, and I spoke with Matt Jabs and recorded most of that conversation for an upcoming episode. Part of the discussion ... Continue reading this article…

3 comments Read the full article →

Answering Mail: Free Annual Credit Reports, Online Savings Accounts

by Luke Landes

Every so often I address questions and comments I receive via email. If you have a question, please contact me using the form on this page. I try to respond to everyone, but it might take a while before I read every email I receive. From Mary Lynn: I really liked your article that explained ... Continue reading this article…

7 comments Read the full article →

10 Things Your Parents Didn’t Teach You About Money

by Luke Landes

When you were growing up, you probably became accustomed to hearing some typical thoughts about money from your parents. These parents are the ones who told you that money doesn’t grow on trees. If it weren’t for your parents, you wouldn’t know that children are starving in Africa and therefore you should eat your entire ... Continue reading this article…

19 comments Read the full article →

Take a Financial Health Day to Organize Your Finances

by Luke Landes

Ron Lieber, a columnist for the New York Times, spent one day focusing on the financial tasks that he had been neglected. He calls this day a “fiscal health day,” like the mental health days everyone needs to take once in a while to remain a functional human being. I think this is a great ... Continue reading this article…

6 comments Read the full article →

Dealing With Financial Mistakes

by Jeff

My wife and I went way over our budget in a couple of categories during June. Part of it was to be expected because I’m commuting to a new internship, and part of it was planned, but unfortunately, most of the over-spending can be chalked up to a simple fact: we made some spending mistakes. ... Continue reading this article…

4 comments Read the full article →

Playing the Lottery: Tips for Ten New Mega Millions Winners

by Luke Landes

Do you play the lottery? I’ve always considered lotteries to be a method of “taxing the poor,” as the saying goes. While no one is forced to play the lottery, those who do are more often than not people who believe society has left them with only one “reasonable” option for becoming financially comfortable — ... Continue reading this article…

10 comments Read the full article →

Looking Back: The Difference 9 Years Makes

by Luke Landes

9 years ago, I was a fresh college graduate with a degree in music education, living close to campus and looking for full-time teaching jobs while working as a substitute teacher. If I remember correctly, the pay was about $70 per day. My one-bedroom apartment, almost completely unfurnished, was $600 per month if I remember ... Continue reading this article…

14 comments Read the full article →

Missing Money: Troll the Web for Abandoned and Unclaimed Property Owed to You

by Luke Landes

The company I work for “found” several million dollars last year thanks to a common law that originated in feudal England to the benefit the King. Not every check that a company sends in the mail gets cashed. Supposed recipients, such as investors, employees, insurance beneficiaries, companies, and other customers, don’t always keep current addresses ... Continue reading this article…

7 comments Read the full article →

Big Mistakes That Cost, Part 2

by Luke Landes

Focusing on small spending habit changes is a good way to save significant money over the long term. No matter how many daily lattes you forgo, if you make poor spending decisions on major expenditures, all your ECRD savings could be negated in one moment. Consumer Reports has identified some of these major mistakes that, ... Continue reading this article…

1 comment Read the full article →

Big Mistakes That Cost, Part 1

by Luke Landes

It’s great to focus on the little things that save you money, like The Expensive Coffee-Related Drink Factor. Reducing small, regular expenses add up over time. But all that focus on the minutiae is for naught if you make big mistakes. Consumer Reports recently published an article that explains how much some of those big ... Continue reading this article…

4 comments Read the full article →

The Second Step to Cleaning Up Your Finances

by Luke Landes

The Dough Roller tagged me to write about my one piece of money-related advice if I had to choose just one. I’m not at advisor, so I don’t consider my ramblings advice, but I can share what has worked for me. Recently, I shared my favorite tip and the first step to cleaning up your ... Continue reading this article…

0 comments Read the full article →
Page 4 of 512345