The Most Effective Piece of Financial Advice I’ve Ever Received

What is the single most effective piece of financial advice you've ever received? These three words make up the single most effective piece of financial advice I’ve ever received: Pay yourself first. I first came across these words when I read David Bach’s book, The Automatic Millionaire at age 19. First, I’ll describe how to NOT pay … Continue reading The Most Effective Piece of Financial Advice I’ve Ever Received

What It Means to Spend Money on Experiences, Not Things

"Spend money on experiences, not things" -- what does this mean? I do not understand the above statement, can someone kindly explain it with a good example. Also this TED talk: https://www.youtube.com/watch?v=2RD0OZCyJCk talks about how companies try to provide experiences. He talks about Starbucks as an example of providing this experience. How is drinking coffee … Continue reading What It Means to Spend Money on Experiences, Not Things

Cheaper Isn’t Always Better: Why You Should Spend More on Certain Things

What are some things that are worth spending top money on? Anything that impacts your health is always worth spending top money on. The best example I can think of is food. Generally, higher quality food will be more expensive than lower quality food. This is true in grocery stores as well as restaurants. 1 … Continue reading Cheaper Isn’t Always Better: Why You Should Spend More on Certain Things