What’s Your Bigger Financial Motivation – Or Do You Even Have One?

All of us have at least one reason why we get up and go out (or work from home) to try to make a living.  For most of us, it’s survival:  paying for food, clothing, or shelter.  For a growing number of others, it also involves getting out of debt.  Unfortunately, for most of us, our financial motivation is not much beyond that, aside from buying stuff to fill our homes and/or going on trips, both largely in an attempt to escape the mundane.

So, what motivates you to make a living?  Are you trying to get ‘filthy rich’ someday, whatever amount that is and whatever that means?  Is it simply to pay for the basics and to have a bit left over to buy and/or do something nice from time to time?  Are you simply in survival mode – or, in survival mode plus a mountain of debt?  Are you the rarest type who is looking several years, even decades, beyond today and actively planning for then?

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Giving Your Kids a Financial Leg-Up

Although this is a blog about stock investing, sometimes it’s useful to look at different types of investment of arguably much greater value.  In this case, I will be offering some very practical ideas on how you can invest in the future of your children based upon how my parents, especially my mom, invested into mine.  Even if you don’t have any children of your own yet but plan to, you can learn some very useful advice if you choose to read on.

It is becoming harder in our western society for young people entering adulthood to have any sort of financial advantage going in.  There are many factors against them.

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Did You Ride Out the Financial Storm?

A lot has happened since my last post in early October 2015.  Less than a month later, my dad passed away after a 3-year struggle with cancer, but I had been fortunate enough to be able to spend a lot of time with him in those final months.  (As an aside, if a person does not choose to do a lot of reflecting during times like that, trying to ignore the reality of death, then I would argue that he’s missing out on some monumental life lessons.)  So yes, I had to ride out a personal storm, but I also learned and was reminded a lot about life in general.

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