Tracking your expenses is the easiest way to get started on a financial plan. Try keeping track of all your income and all your outgo for a month. Get a small notebook and start writing down all of your expenditures, no matter how large or how small. Write down all of your income, too, including… [Read More]
Blog
Should you give your kid an allowance?
Learning to manage money is a fundamental skill for navigating the world. It is as basic as learning to read and learning to cook, and yet, it comes with a lot of baggage. An allowance is one way to learn. Yes, I wrote about high finance in Hedge Funds For Dummies. I’m writing a book about options… [Read More]
Thoughts on Your Money or Your Life
Years ago, I was on a business trip and killing time at a bookstore before a client meeting. I saw Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Ind ependence: Revised and Updated for the 21st Century by Vicki Robin and Joe Dominguez on the shelf, and… [Read More]
Investing and frugality
You may have noticed that I write about all things financial: hedge funds, bitcoins, investing in Africa. Sometimes people ask me why someone with an MBA is writing about museum free days and buying store brands at the grocery, but to me, it’s all the same. It’s all about getting the most value for your… [Read More]