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

Saving

Rule for Building Wealth: Make Saving Automatic

by Luke Landes

In July 2002, I opened an account at ING Direct and created a scheduled transaction. Every two weeks, when my day job paycheck was deposited, a portion of this money was automatically passed through directly into my new Emergency Fund. A few months earlier, I became eligible for investing in my company’s 401(k). This is […]

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Extreme Savers Greg and Tara: We Have Some Things in Common

by Luke Landes

CNN Money seems to have switched its focus from “Millionaires in the Making” to “Extreme Savers,” and today they have an article about Greg and Tara Black. They earn $48,000 and live in Charlottesville, Virginia. They shop at Kohls and JC Penney for clothing, as I do. Their entertainment comes mainly from Netflix, of which […]

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Money Magazine: 25 Rules to Grow Rich By, Part 4

by Luke Landes

Money Magazine came up with 25 “rules of thumb” that will help your grow rich, albeit very slowly. Rules of thumb are often appropriate only for a fictional “average person,” but they can be good starting points for determining what is the right choice for any individual. I’ve looked at the first fifteen so far, […]

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Money Magazine: 25 Rules to Grow Rich By, Part 3

by Luke Landes

Last week, I started a short series looking at Money Magazine’s 25 rules to grow rich by. I’m breaking down the advice within the article into five separate blog entries here; you can find part one here and part two here. Here are the next five tips, with a bit of my own commentary thrown […]

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Money Magazine: 25 Rules to Grow Rich By, Part 1

by Luke Landes

Money Magazine seems to be publishing some good content lately. First, it was 7 shortcuts for major money hassles, and today it’s a larger feature on 25 rules to help you grow rich. I’ve never been one to play by the rules, which in my opinion, are made to be broken. In fact, I hate […]

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Money Magazine: 7 Shortcuts for Major Money Hassles

by Luke Landes

Money Magazine is running an extended feature targeting 7 of the most annoying money problems, and proving some easy solutions. Here is a shortcut to the seven shortcuts: 1. Ace your retirement. Buy a target-retirement fund in your 401(k). If you believe you’ll be retiring in 2030, you can buy a fund that targets that […]

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10 Examples of How You Can Be Penny Wise, Pound Foolish

by Luke Landes

Everyone loves saving money, cutting back, and reducing expenses. However, sometimes there is a tendency to focus on the wrong things. While you’re busy feeling good about reducing little costs here and there, every once in a while you neglect the larger picture. Here are some examples: 1. Saving money by not going to the […]

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Capital One 360 Subaccounts: Here’s How

by Luke Landes

Today, I received this question from Lindsey, a reader: Hello! I have been reading through the archives that you have on your blog, and I see that when you had your ING Direct savings account you were able to set up subaccounts so that you personally could keep your money organized. I was wondering how […]

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Automate Your Emergency Savings

by Luke Landes

David Bach, author of The Automatic Millionaire, offers suggestions for making your emergency savings automatic. Before we get to the tips, most people agree that building an emergency stash of cash that can last long enough to cover three to six months should be one of the first financial priorities, even for those in debt. […]

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Spending Philosophies: Five Tips for a Better Relationship

by Luke Landes

Money Magazine is profiling Michael and Brittany Abbate. Here is their situation. The couple used to have a total annual income of $135,000 to support them as well as their daughter, but thanks to a move from Chicago to Phoenix and a pregnancy, they now make less than half that amount. Due to the pay […]

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