Tips for Teaching Your Children About Money
As parents, we continually struggle to pass on knowledge to our children. Unfortunately, sometimes the financial knowledge we want to share with them is either left off the already lengthy list of things to impart or lost in translation. But whether your child is 5 or 25, there are important lessons you can teach about money to give them a strong financial start in the world. > SEE MORE
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The BAM Alliance
Setting Up a Budget Based on Your Values
At a recent breakfast, a friend shared the process he and his wife use in place of traditional budgeting. It takes them less than 15 minutes a month, and after the first month, it’s already had a massive impact on the way they use money. Think of this as a little case study, one that shows exactly how easy it can be to align your spending with what you say is important to you. > SEE MORE
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The BAM Alliance
An Emotional Balance Sheet Can Guide Hard-to-Quantify Financial Choices
A few years ago, I came across a blog post by a writer named Emma Johnson who declared, in no uncertain terms, that “You. Cannot. Afford. To. Be. A. Full-time. Stay-at-home mom. You just can’t.”
I like strong opinions because they make me think and help me clarify my own feelings, and this statement certainly did that. I have actually been thinking about it ever since, and I’m convinced Ms. Johnson missed a very important part of the equation. > SEE MORE
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The BAM Alliance
Bad Investment Advice Lives Forever on the Internet
When it comes to investing, the Internet has created a huge amount of commentary of dubious value. But the Internet also never forgets. Barry Ritholtz weighs in on Larry Swedroe’s longtime quest to hold forecasters accountable.
Find it on TheWashingtonPost.com > SEE MORE
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The BAM Alliance
Focus on the Opportunities, Not the Shoals
More than a decade ago, I learned how to kayak. I practiced in the pool a few times before deciding to test my skills on the river. > SEE MORE
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