Beauty & the Bank:

A Personal Finance Blog

THE DIFFERENCE BETWEEN HAVING A FEW THOUSAND DOLLARS AND MILLIONS IS WHAT YOU DO WITH THE MONEY YOU MANAGE TO KEEP. THIS IS ADVICE YOU CAN TAKE RIGHT TO THE BANK.

DON'T SAVE WHAT IS LEFT AFTER SPENDING, BUT SPEND WHAT IS LEFT AFTER SAVING.
- WARREN BUFFET -

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RECENT BLOG POSTS:

Why are we here?

Almost every person I have ever come in contact with has said in one variation or another, “I’m not good with money.” Debt is a sweeping problem in our country, and our world, both personally and as a nation. Money is one of the leading causes of divorce, and poverty is the leading problem in […]

Net Worth: The True Measure of Wealth

What is wealth, really? When we talk about “the 1%,” we are usually referring to the top 1% of earners, which is an important measure. But wealth isn’t really measured in income- how much you make is one thing, but how much you HAVE is far more meaningful. Remember the old expression, ‘You can’t have […]

How to Save $1M by Living Below Your Means

“How do I learn to live below my means?” has to be the most common question I get from virtually every person I know, from the broke college kid working part time in between a heavy course load to the $250K annual earner who is living paycheck to paycheck trying to keep up with a […]

The Opportunity Cost of Spending

This is not actually a popular topic- most people don’t like to discuss this, because, well, it makes spending money less fun. It’s really important though, and I believe that of the critical financial tenants I learned early, this may be the most important. Here’s an example: Katie and Joe are in the market for […]

Good Debt vs. Bad Debt

If I had a dollar for every differing opinion on this topic, I would be retired, folks. This may be the most misunderstood and controversial topic for discussion among the finance gurus, and to be honest I think a lot of them have it wrong, and it hurts people. Let me explain: First of all, […]