The Ultimate Guide to Making Money

The world’s best coupon clipper

I got this amazing comment from a guy named Mike on a recent post: I have to disagree with all those who rail against coupons. My wife has the last 4 months of inserts filed in our filing cabinet with a spreadsheet that she downloads that inventories the contents of each weeks insert. She then compares our grocery list to ...

Attention annoying hypocrites: Stop being judgmental about your friends’ money habits

When was the last time you judged your friends for their poor spending choices? I do it. You do it. We all do it, saying "YOUR spending is bad, but mine is good." And chances are, we're usually right -- since most people are terrible with their spending, they probably can't afford those shoes, trips, or restaurants they're always buying. ...

What are areas where people THINK they’re making money, but actually don’t?

I love discovering delusions about the psychology of money, so here's a question for you: What are areas where people THINK they're making a lot of money, but actually don't? Examples: Buying a house (people hate hearing this) Day trading and picking individual stocks (see chapter 6 of my personal finance book for an entire expose on how fancy fund ...

YOUR spending is bad, but mine is good

Isn't it interesting how hypocritical we are about money? We say things like... "That's ridiculous. Who needs a $200 dinner? That would feed me for 3 months." "She bought $400 shoes? What a waste of money." $21,000/year going out? There are starving children in Africa." Yet when it comes to our new iPad or computer or trip, it's ...

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The 5 groups to blame for our financial illiteracy

Blaming everyone for being dumb is one of my most enjoyable activities. Today, a delightful foray into the world of why we're financially illiterate -- and whose fault it is. Let's start with a Freakonomics article by Stephen J. Dubner: "1. Do you consider yourself financially literate? 2. If so, how did you get that way? And now, a third ...