Tag Archives: Money

Why Don’t Worry About Money and Just Travel is the Worst Article of All Time

Caye Caulker Belize

Nothing to see here. These chairs are not for you.

There’s one travel article that really needs to be written. It’s a column we’ve had on the back burner for quite some time and it’s titled “Why ‘Don’t Worry About Money and Just Travel’ is the Worst Advice of All Time.” Unfortunately, the piece recently published by Time.com under that same headline is not at all what we had in mind.

If only its author, Chelsea Fagan, had attempted to address the title question her story may have stood as a useful tonic against some of the more irresponsible financial advice that sometimes passes for lifestyle wisdom these days. Instead, she chose to use most of her 1,100 words to rail against a single rich blogger’s privilege. Entertaining, perhaps, in the way that watching a temper tantrum can sometimes be but about as illuminating.

Worse is that rather than tearing down the travel finance myth her title promises, the article instead enthusiastically perpetuates another, more common, myth: that only the very rich can travel. Reading Ms. Fagan you’re left with the impression that there are only two economic classes in America. On one end of the financial divide are wildly wealthy trust fund kids represented by travel bloggers who want for nothing but self-awareness. On the other end are huddled masses living lives of complete immiseration. That’s it. 

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How We Saved for Travel, and For Everything Else Too

Money

With New Year’s celebrations now over it’s time for the hard work of resolution honoring to begin in earnest. Many of us will start the year resolving to spend less money and save more. If you’re like Shannon and me, the objective may be to accumulate enough to travel the world; or maybe you’re trying to build a college fund or pad a retirement nest egg. All worthy goals.

Unfortunately our good intentions are typically doomed to failure right from the start. By mid-year most of us will have fallen back into the same bad habits we resolve each year to end. We do that not because we lack the necessary willpower, but because we lack the correct perspective. To change our financial behavior we need to fundamentally change the way we think about money. We need to find a way to turn human nature, which constantly tempts us away from our long-term goals, to our advantage. Fortunately that is easier to do than you may think.

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A Tax Loophole for the Middle Class

Tax Signing

If you’re a U.S. citizen then you probably already know that today is tax filing day. We wanted to be among the first to say, lucky you. More than that, though, we’re here to help take the sting out of the occasion by offering an observation that may make these days a bit less taxing in the future.

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How to Revolutionize Your Financial Life

Money

With New Year’s celebrations now over it’s time for the hard work of resolution honoring to begin in earnest. Many of us will start the year resolving to spend less money and save more. If you’re like me and Shannon, the objective may be to accumulate enough to travel the world; or maybe you’re trying to build a college fund or pad a retirement nest egg. All worthy goals.

Unfortunately our good intentions are typically doomed to failure right from the start. By mid-year most of us will have fallen back into the same bad habits we resolve each year to end. We do that not because we lack the necessary willpower, but because we lack the correct perspective. To change our financial behavior we need to fundamentally change the way we think about money. We need to find a way to turn human nature, which constantly tempts us away from our long term goals, to our advantage. Fortunately that is easier to do than you may think.

Read More…

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