4 Hidden benefits of having an emergency fund

Almost all financial advisers will tell you that one of the first steps toward financial freedom is building an emergency fund. This isn’t really a mystery. We all know the benefits of having some emergency savings to help us get through the bumps in life that we all face. Things break and have to be […]

How Dick Fosbury revolutionized the high jump and what it means for your finances today

You may have never heard about Dick Fosbury, but his willingness to think outside the box revolutionized the track and field high jump competition. Prior to Fosbury the predominant method used by jumpers was something known as the “straddle method“. Jumpers would try to straddle the bar jumping face down and sideways over the bar. […]

Chasing rabbits and finding focus

The man who chases two rabbits catches neither. – Ancient Chinese Proverb I recently heard this proverb and I loved it. I like the picture that it paints. Pretty amusing if you imagine the scene. Rabbits flying in different directions and a man running in circles futilely trying to catch one. Chasing rabbits Unfortunately, I […]

Defining when you will use your emergency fund

A critical part of getting healthy financially is having an emergency fund. If you are alive you can count on the fact that Murphy will show up from time to time. Sometimes he shows up in small ways like when the alternator goes out on the car or the water heater in the house springs […]

Financial lessons we can learn from the Super Bowl Champions, Part 2

Earlier this week, I talked about how much like Super Bowls are ultimately won by stringing together a long string of small gains, in the same way financial success often comes from making many small wise choices day after day. Seldom is our financial future changed by one major event. Most often it is our […]

Financial lessons we can learn from the Super Bowl Champions, Part 1

If you live in America, unless you live under a rock, you are probably well aware the Super Bowl was played this past weekend. Early reports say a record 114 million people watched Baltimore defeat San Francisco in Super Bowl XLVII.  Both teams have had great years obviously. There are some key financial lessons though […]

5 Ways to listen to Dave Ramsey (Updated)

As you might have guessed if you have been reading here very long, I am a big fan of Dave Ramsey. Our family followed Dave’s plan a few years ago and were able to pay off over $40,000 in debt in just a little over 2 and a half years. That has made a huge […]

How to make sure you are able to retire with dignity

In previous posts we we have talked about the first three of Dave Ramsey’s Baby Steps. First, we need to save $1,000 as a starter emergency fund.  Then Baby step 2 is the debt snowball to pay off all debts but our house. Then Baby Step 3 we extend that $1000 out into a real 3-6 months emergency […]

The new and improved Financial Peace University

Several years ago my wife and I went through Dave Ramsey’s Financial Peace University. It was a life changing event for us. By following the things we learned there we were able to pay off about $43,000 in debt over the course of 3 years. This was especially important since I was laid off from […]