By Patrick We’ve all heard of the infamous store brand. In the mid-90s, they gained a significant amount of media attention as one of the largest consumer products good companies lowered the price on their flagship brand to better compete with discount products. Following this decision, the largest 25 consumer packaged-goods companies lost $50 billion … More The Impact of Private Label
By Patrick We’ve all heard a story about someone going in to significantcredit card debt, and then struggling to pay back their bills as the interestadds up. Credit cards carry a significant amount of risk for individuals whoaren’t able to keep their spending within a certain amount. It can be easy toput a large purchase … More Why it Makes Sense to Use Credit Cards for Daily Purchases
A simple concept to grasp and apply, the idea of buying stock rather than “stuff” won’t be the right approach to building a portfolio – but can be a fun way to think about changing spending habits.
By Patrick One of the most important things you can do is understand where and how you’re spending money. As I referenced in Lifestyle Habits That Contribute To Overspending, one of my biggest revelations came when I took the time to analyze it. The realization that I was spending over $1,000 a month eating out … More Tracking and Managing Your Cash
By Patrick I remember graduating college and living alone for the first time. I was a new sales representative in Cheyenne, Wyoming and had no idea what it meant to live on your own. Fortunately, I lived in an apartment building where the management company took care of all the maintenance and upkeep of … More What Home Services Really Cost You
As a homeowner, the old adage holds true: “It’s always something”. Here’s how we think about and approach home repairs.
By Patrick “A penny saved is a penny earned” is a phrase with a well-known origin – it comes from Benjamin Franklin’s book, Poor Richard’s Almanac. Like many of the expressions in the book, it is something that many of us continue to say to this day. It teaches us that it’s just as useful … More A Penny Saved Is A Penny Earned
By Eric Sometimes you may find yourself in a situation where additional cash flow in a given month would significantly improve your financial well-being. Perhaps it helps you avoid tapping into your emergency fund, or helps you avoid using your credit cards without the ability to pay it off the following month. No matter the … More Strategies for On-Demand Cash Flow
By Patrick When I was younger, I believed a sound strategy was investing some money, and not overspending what I had left over. For years, I thought this was working, as I didn’t wrack up high-interest debt, and was able to watch my savings grow. As I became older and took on more obligations (children, … More Lifestyle Habits That Contribute to Overspending
Thriving Millionaires 