Is College Worthwhile?

Two successful serial entrepreneurs are not optimistic about the future of higher education. In the videos linked below, billionaire Mark Cuban and multimillionaire Howard Tullman share their thoughts on the current trends in higher education. Their entrepreneurial histories demonstrate that these two are usually ahead of the curve.

http://www.inc.com/howard-tullman/playbook-4-year-degree.html

http://www.inc.com/mark-cuban/video-student-loans-bubble.html

Royalty-free picture from https://pixabay.com/en/businessmen-men-people-office-42691/

Is Playing the Lottery Just Cheap Entertainment?

In a brief bit of research into playing the lottery, I saw numerous comments to the effect of, "It's only a couple dollars, and it's cheap entertainment--I dream about what I'd do with the money if I won the jackpot. It may even start a conversation with family members about what they'd do!"

from a pretty good Psychology Today article here: 

https://www.psychologytoday.com/blog/affluence-intelligence/201203/lottery-itis

This left me incredulous and little ticked off, though it took me a moment to understand why. Soon enough, I figured out why that is one of the stupidest justifications I've ever heard!

Here's my explanation...You ready? Here goes:

How Investing Can Make You Rich

Wish you could see the power of money? Wonder how the rich make their money work harder than they do?

Ever felt overwhelmed by some decision, and just picked an option so you didn't have to think about it anymore?  It can be easy to get lost in numbers. And when your head is swimming, you won't make the best decisions! 

It helps to see this kind of junk displayed in a graph. As hard as it can be to imagine how compound interest works, graphs like this can make it easy to understand!

The importance of financial literacy

A recent article published online by Forbes (http://www.forbes.com/sites/nealegodfrey/2015/04/12/why-dont-our-kids-have-the-money-smarts-to-live-in-the-real-world/) laments the lack of financial literacy in America today, reporting the alarming finding that 40% of Americans grade their own understanding of personal finance with a C, D, or F! Moreover, over half of American adults don't have an emergency fund big enough to cover 3 months worth of expenses.

The author joins in the recommendation that parents and schools combine to teach fiscal responsibility to our children--but first, adults need to understand it themselves!

Until everyone is financially savvy, we will all need to keep up the fight and advocate the Millionaire Mindset!

Happy saving!

The Key to Success

The Key to Success

If you're at all like me, you've often wondered what the secret is to success. Why do some people, who are so blessed with intelligence, physical talent, and/or social support, fail where others--who lack these advantages--succeed? I've never seen a satisfactory explanation for this.

Until recently.

Froogal Consumption

Froogal Consumption

As promised in my previous article on Why Being Cheap Costs More, I expound here on how to shop frugally. Whereas conspicuous consumption focuses on image and flash, Froogal consumption focuses on getting the maximum value for a quality product.

Value, rather than price, is a critical concept here!

Why Being Cheap Costs More

Think being tight-fisted will save you money? Think again!

The difference between frugal and cheap is all in your head.

Well, more accurately, it's in your mindset!

What Billionaires Know

What Billionaires Know

Since I spend so much time talking about The Millionaire Mindset, it's only appropriate that I discuss what wealthy people understand about finances—and about life!

Image from a blog post at arlinghaus.typepad.com