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No one gets rich from credit card rewards.

We always recommend spending with a debit card (I literally just wrote about this), but I understand the appeal in using a credit card to get rewards … if you pay it off each month.

Unfortunately, it doesn’t look like most people are.

In fact, nearly 40% of people who use rewards credit cards carry a balance on them … essentially exchanging debt for these rewards. That’s according to a survey from CompareCards.com.

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Why Do Rich People Use Credit Cards?

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Reasonable people can have a reasonable dialogue about whether or not credit cards have value. We’ve preached that using a debit card is the best way to spend, but fair arguments can be made that if you pay off your balance every month with the right card, you can accrue extra benefits for your normal […]

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How Should I Invest for a Newborn?

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What Industry is Worth Investing in Over the Next 10 Years?

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Over on Quora, I was asked to respond to a question about investing over the next decade … In the next 10 years, what new industry will be worthy of our investment? It’s a great question, and one that’s not ridiculous to ask. (And trust me, some of the questions on Quora are ridiculous.) But […]

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This is How Bill Gates Views $1 Billion

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There’s almost no better feeling than calculating your savings at the end of the month and seeing that you’ve got a lot to put away. It’s such a positive force and makes you feel even more empowered to save for the future. So when I saw a question on Quora about how to use savings […]

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Why Does Warren Buffett Still Work? Here’s Why

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He’s very-often the richest man in the world (depending on the day of the week). He’s got nothing left to prove. He’s already said he’s giving away almost all of his money. So why does Warren Buffett still work? It’s a great question, and one that I got asked over on Quora … Why are […]

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This Habit is Literally Saving Me Tens of Thousands of Dollars

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There’s a great thread on Quora about decisions and habits that have saved people a large amount of money … What habit/decision has saved you a large/huge amount of money? If you get a chance, read through the answers — there’s a lot of really good stuff there. Given the opportunity, I contributed with a […]

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How to Hedge Against Stock Market Losses with Index Funds

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I was asked on Quora to answer a question about hedging against losses … How can one hedge against a significant loss in Vanguard’s Total Stock market Index Fund? Unfortunately, there wasn’t a ton of information included in the question with specifics on what scenarios the asker was referring to, but I took a leap […]

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Here’s the Worst Time to Invest in an Index Fund

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Over on Quora, I was asked to answer the following question: Is there ever a bad time to invest in an index fund, such as the Vanguard 500? Believe it or not … there is a bad time to invest in index funds. Here’s the truth.

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Pay Your Loans Using These Tips

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If you want to become debt-free, you must work toward clearing your loans. Millions of Americans are living with debt, with a recent study showing that the average household in the nation has credit card balances of over $16,748.  Debt is brought by so many things, including education, unexpected bills, lifestyle costs and home expenses. But […]

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5 Tips For Establishing Healthy Saving Habits

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Your saving habits are going to be with you for your entire life. They’ll determine how comfortably you’re able to live, and can have a heavy hand in the amount of financial stress you’ll be feeling on a daily basis. Building good saving habits is best started when you’re young, but it’s never too late […]

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5 Ways to Speed Up the Car Buying Process

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Did you know that you can speed up the car buying process? It’s true! Plus, you don’t have to spend hours at the dealership, or wait days to hear back about financing options. If you have ever shopped at a dealership later in the evening or on the weekend, you may have been told you […]

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