One of the most fundamental truths of any finite resource is that it is, well, finite. Money is one of those finite resources. Whether you live under the poverty line, or have billions of dollars at your disposal, you still have a finite amount of money to go around. In a world where we can …
Are You a Spender or a Saver?
A few weeks ago I had been talking to my mother about how I was happy that the interest rate was increasing so much. Baffled, she asked, “Why? Doesn’t that mean you have to pay more?” Thinking about it for a moment, it clicked that she was thinking about interest on debt, whereas I had been …
How to Create Financial Invulnerability — 3: Save for Your True Expenses
We all desire financial security in life. But what if it were possible to create such a sense of financial security, so much stability, that you felt practically invulnerable? That's the goal of this series, and so far we've covered how to stop living paycheck-to-paycheck, and why you need to …
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How to Create Financial Invulnerability — 2: Make a Plan for Your Money
Recently I started a series on how you can create financial invulnerability — a sense of financial security that is so strong, so certain, you feel invulnerable to anything that might come your way. Step 1 was to start building a 1 month buffer in your bank account, as the start of an emergency …
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How to Create Financial Invulnerability — 1: Stop Living Paycheck-to-Paycheck
We all want to be financially secure. Maybe we pursue that goal by getting a higher-paying job, looking for opportunities to make money on the side, creating an emergency fund, or a million other ways we’re told we can create financial security. But recently I was thinking, what if it were …
