Blowhards, Broken Clocks, and Confirmation Bias
These astrologers are the boys who cried wolf. And we’re correct to not believe them, even when they happen to get one right. They’ve foisted it upon themselves.
These astrologers are the boys who cried wolf. And we’re correct to not believe them, even when they happen to get one right. They’ve foisted it upon themselves.
While your income doesn’t have a direct impact on your credit score, it can have indirect effects. A loss in income, a gap in cash flow, or a sudden layoff could put you in a financial pinch. This reduction in the size of your paycheck could hinder your ability to pay your bills, which can […]
The post How Income and Salary Affect Your Credit Score appeared first on SoFi.
Can you feel it? There’s panic in the streets! We’re in the middle of a stock market crash and the hysteria is starting again. As I write this, the S&P 500 is down six percent today — and 17.3% off its record high of 3386.15 on February 19th.
Media outlets everywhere are sharing panicked headlines.
All over the TV and internet, other financial reporters are filing similar stories. And why not? This stuff sells. It’s the financial equivalent of the old reporter’s adage: “If it bleeds, it leads.”
Here’s the top story at USA Today at this very moment:
But here’s the thing: To succeed at investing, you have to pull yourself away from the financial news. You have to ignore it. All it’ll do is make you crazy.
Since the Dawn of Mustachianism in 2011, the same question has come up over and over again: And in these nine years since then, the movement towards socially responsible investing has only grown. Public pension funds have started to âdivestâ from oil company stocks, and various social issues like human rights, child labor, climate change […]
Have you ever been let down when you discovered your favorite celebrity turned out to be terrible? You’ve got company. Someone recently asked, “What a celebrity no one expected to be a total jerk? Think of a celebrity you thought was the kindest person on the planet and then found out they weren’t a nice … Read more
Join us for a no spend challenge! Here’s why it’s worth trying and how to deal with some of the most common obstacles.
The post No Spend Challenge appeared first on MintLife Blog.
As concern around COVID-19 has grown, scammers have been quick to take advantage of the uncertainty and limited information surrounding the situation. As a result, theyâve been able to generate a number of coronavirus frauds targeting vulnerable populations around the world. From January through June 22, 2020, the Federal Trade Commission (FTC) received 54,292 coronavirus
The post Coronavirus Fraud: Trending Financial Scams to Avoid appeared first on MintLife Blog.
I want to describe nine scientific facts that can help you achieve your personal finance goals in 2023. I hope you employ some of these ideas, because the science is true (whether you believe in it or not).
J.D.’s note: Last week’s talk by Vicki Robin was hosted by the School of Financial Freedom, a Portland-based organization I’m friendly with. At that talk, I met Naomi Veak, one of the school’s coaches. She and I have a lot in common (grew up poor in small towns, attended the same college, etc.). I asked if she’d share her story with Get Rich Slowly readers. She agreed.
Have you ever thought how different your life could have been if youâd taken someoneâs advice? What if I told you it may not be too late?
I recently rediscovered a letter my mother wrote to me when I was 19, attending a small liberal arts college in another state.
Towards the end of the letter, she told me to save it, so I did — even though reading it left me angry and frustrated, and not a single word sunk in. You see, she was giving me financial advice after another tear-filled plea for money.
âDonât expect your thinking to change overnight,â she wrote. âGive yourself time to feel the inward peace of mind that will eventually come.â
This âinward peace of mindâ took me 25 years to achieve! How did I finally get there? My name is Naomi Veak, and this is my story.
I was a poor girl at a rich kid school.
It was a school I couldnât afford, and I was surrounded by lifestyles I was ashamed that I couldnât pay for.
This was only the beginning of a long struggle with finances, where the same money scripts — unconscious beliefs about money that drive our behavior — played themselves out again and again. (For more about this idea, see J.D.’s article about how your money blueprint shapes your world.)
I wanted money. I just couldnât hold onto it.
Shortly after college, I became homeless. One friend after another was put to the test when I crashed on their couch for too long.
A year later, my boyfriend and I were living out of his truck on the cold and rainy Oregon coast. I remember sitting in the cab, crying as I counted our last handful of change. He later wrote about stealing a sandwich to split with me in a short essay he titled âDesperation and a BLTâ.
Overwhelmed by credit card debt, I made an appointment at a debt settlement company to help me get things under control…only to continue charging to the same account a couple of months later.
Then my student loan debt doubled when I returned to school for another degree.