One of my favorite topics is money – I love talking, thinking, and writing about financial tips and goals! I’m not as hard-a$$ed as Dragon’s Den Kevin O’Leary when it comes to money, but I live in a million dollar house, go on exotic vacations every year, and have a healthy stream of passive income from my Quips and Tips blogs.
One of my best money tips is to read, read, READ financial books until you’re ready to write your own. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy is an excellent start!
Here’s what one reviewer says:
“The Millionaire Next Door is basically a series of interviews and surveys of millionaires, covering how they became wealthy and how they manage their money. The results will likely surprise you. Most don’t live like the wealthy characters on TV, or the rich folks who appeared on that old show “Lifestyles of the Rich and Famous.” There is a lot of wisdom and useful information to be learned from how the successful view life, and try to stay at the top. This book is a wonderful antidote for anyone you know who is trying too hard to keep up with their friends or neighbors spending habits.”
Another fantastic book about money is Think and Grow Rich by Napoleon Hill. It’s more psychological than financial – the tips and insights will change how you live.
Show Me the Money! Popular Money Articles and Tips
How to Achieve Your Financial Goals describes 10 best ways to break the debt cycle. I go beyond the “pay for everything in cash” idea, and discuss ideas like competing goals, working with your financial and personal strengths, and figuring out what’s holding you back. This is one of my most popular articles about money because it helps readers get specific about what they need to do to get the money they want.
One of my best money tips is to review and even revise your goals regularly. For instance, my goal last year was to pay off our home mortgage. Now, I’m thinking that I should put more money towards my retirement. I want to give myself the gift of freedom when I retired – freedom to travel and explore the world without worrying about my finances! So, I need to re-evaluate my financial goals so I achieve what I want.
8 Ways to Pay Off Debt With a Low Income offers good money tips for people who don’t make much money, and who want to pay off their student loans, credit card debt, mortgage, or business debt. My favorite money tip in that article is to break your plans to pay off your debt into stages. And, focus on the financial freedom you want, not the crushing debt you’re laboring under. Don’t focus on what you DON’T want – focus on what you want for yourself.
This isn’t one of my most popular money articles because there are so many financial tips on the internet, but it’s one of my personal favorites.
Is Paying Off the Mortgage Early A Good Idea? It Depends describes the pros and cons of paying off your home mortgage. My husband and I paid off our last home on Bowen Island, BC, and sold it for $550,000. We bought a $1.1 million dollar home in North Vancouver, BC…and are working to pay off this mortgage as well. In today’s economy, I think it’s better to pay off your mortgage as quickly as possible, since it seems like there aren’t many solid investment strategies (unless you have lots of money and a top-notch financial adviser). Paying off your mortgage early may depend on where you live, how much you owe, how much you earn, and what plans you have for your future. In this money article, I give readers several tips and things to consider before deciding to focus on paying off the mortgage.
8 Money Laws to Boost Your Bank Account’s Bottom Line is another one of my favorite articles because it combines psychology, spirituality, and financial tips. Money is a very personal thing – and we have a very personal relationship with our money. Money incites powerful emotions, which affects the financial decisions we make and the tips we’re able to implement. This article describes how to have a deeper, better, healthier relationship with your money.
Here’s an interesting tip about debt: According to research by the Ohio State sociologists, many young adults don’t feel stressed about owing money. Students actually feel empowered by their credit card and education debts! This study shows that the more credit card and college loan debt held by young adults aged 18 to 27, the higher their self-esteem and the more they felt like they were in control of their lives. Financial debt helps college students feel like they’re moving forward in life. It’s a sign that they’re working hard to achieve something – a degree, diploma, and upward career momentum.
Which leads me to another money law: the better you feel about your financial status (whatever it is), the higher your chances of creating more wealth and achieving your money goals.
Should You Lend Money to Family Members? Warnings and Tips is probably my most popular money article. I wrote it in response to a reader who asked if she should lend money to her boyfriend. NO! Whether or not to lend money is controversial and highly personal, but generally I think it’s better not to lend it (or lend it and not expect to get it back). If money is loaned, it’s a good idea to get a contract in writing.
That’s it – my most popular money articles and financial tips in a nutshell! If you have any comments, please respond below.
And, if you have suggestions for this list of popular money articles and financial tips, please let me know in the comments section below! I’d love to add to it.
I'm glad you're here! My name is Laurie Pawlik-Kienlen; my husband Bruce and I live in Vancouver, BC with our critters. We can't have kids, and are learning to accept whatever life brings - both good and bad. I have an MSW (Master of Social Work) from UBC, and degrees in Education and Psychology. I hope you say hello below - I can't give relationship advice, but writing can bring you clarity and insight.