For some reason, I used to ask my seven-month-old “Who’s the Champion?” I’d raise her fists like Rocky Balboa. I’d do it once or twice a week for my own entertainment. Then, around her first birthday, I asked her, “Who’s the Champion.” Without hesitation, she raised her arms to the sky. Kids are […]

How an Allowance Can Prevent Your Teenager from Breaking an iPhone – AGAIN! What makes a great neighborhood party guest? The neighbor with the scoop on local gossip? A foodie willing to share the best new restaurant? A fellah with thoughts on how to keep kids from busting their pricey smartphones? Beyonce? Although […]

Start financial literacy lessons early — and I don’t mean as a Freshman in high school. Research suggests you should teach kids to be wary of consumer products and spending from a very young age — early elementary or even preschool. “Parents’ influence on their children’s understanding of money management begins early…before they […]

“Let me please introduce myself. I’m a man of wealth and taste.” I am listening to the Rolling Stone’s “Sympathy for the Devil” as I craft this post. Over and over again, in fact. I’m reasonably sure that I heard about this form of concentration strategy on Tim Ferriss’ podcast, but I […]

“Delaying consumption does not drive people to unmitigated self-denial. Rather, it drives them to maximize their happiness, whatever form that takes.” from Happy Money Two big themes in this blog, delaying consumption and happiness, are inextricably tied. As Elizabeth Dunn and Michael Norton note in their terrific book, Happy Money, research has shown that […]