If there’s one thing I’ve preached since the start of Freedom Sprout, it’s this: if we teach kids how to manage their money when they’re young, we won’t be showing them how to dig their way out of debt later. It’s important for kids to understand debt, and how it can destroy their life.
What kind of financial future do you want for your kids? A successful future? A debt-free future? An intentional future? Since more is caught than taught (i.e. actions speak louder than words), we often say we want this financial freedom for our kids, and continue to live in financial ruin.
I apologize upfront for the clickbaity title, but it’s true, and I know the word “minimalism” grabs people attention. That’s what this article is about: minimalism. So if that’s what you’re looking for, you’re in the right place.
Is there anything in your life you want to improve? Your finances? Your health? Your business? Your marriage? Your relationship with God? The good news is, you can improve all of it. I present to you: The Commitment Ladder.
When COVID-19 first hit, we “lost” $5,000 in our retirement portfolio overnight. And my first thought was, wow, this is crazy; it could be the start of a recession; I’ve never truly got to see what a recession looks like; this is pretty interesting; I can’t wait to see it play out! A recession is, by no means, awesome. I get that. But my interest in the economics behind everything trumped my interest in our actual money.
My friend bought a new car last week. His car had broken down three times in the few weeks prior to buying his new car, and each time left him stranded on the side of the road. He found a permanent solution for a temporary problem.