Money

5 Money Myths About Housing And Taxes That Can Cost You Big!

Taxes
Money Myths

Many of us grow up hearing various sayings about money. Some of them are passed down as wise quotes, while others may be pieces of advice given to us by by someone trying to help us out. A small number of these things turn out to be good, sound advice; however, the majority of them […]

The New Gold Rush: Is It Too Late to Buy Gold?

Investing
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If you follow financial news, you’ve no doubt heard the buzz surrounding gold prices. Gold prices broke the $1,500 barrier for the first time in history earlier this year. With new records, you may be wondering if the time is ripe for you to buy gold. But you may also be asking yourself, “Did I […]

Why We Should Abolish The Penny And Save Billions

Personal Finance
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When I was a kid, I always wondered why we needed pennies. They are not as nice looking at the other coins, they usually get dirty quickly, and they fool you into thinking you have a dime when you feel them in your pocket! But now that I am an adult, I have a new […]

The #1 Money Myth You (Probably) Fall For – And How to Overcome It

True Wealth
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Money myths are all around us. From “Smart people are wealthier” to “Giving money away will hinder you financially” to “Buy term and invest the rest“.  Money myths have a way of making their way into society and becoming socially accepted beliefs without an understanding of the truth. But there is one money myth that […]

You Won the Lottery! What Would You Do?

Personal Finance
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I’m sure we have all dreamed of “winning the lottery” at one point in our life. Dreams of what things we could buy, what we could invest into crowd our thoughts. So let us put the ideas to paper. Let’s say we won $1000 with a lottery scratcher. No, that is not enough to become […]

4 Things The Apostle Paul Teaches Us About Money

True Wealth
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The Apostle Paul is the most well-known Christian missionary. He was beaten, persecuted, shipwrecked, and thrown into prison numerous times for his faith, yet wrote half of the New Testament! Most of the church doctrine you see today is either a direct or indirect result of Paul’s writings.  Paul was an amazing and gifted man […]

Is There A Difference Between Investing And Gambling?

Investing
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Is investing in stocks nothing more than just gambling? Are people who toss their money into the stock market no better off than those who take frequent trips down to Las Vegas in order to “strike it rich”? Have those who seem to know how to invest successfully, just had a string of “good luck”?  […]

8 Financial Myths to Discuss with Your Kids

Personal Finance

Kids and Money Teaching kids about money can be a tough task to tackle. Learning about budgeting, financial planning, saving money and generally maximizing your dollar is a lot of information to digest. What’s even more complicating is dispelling money myths that could end up confusing your little penny pinchers on their road to financial […]

Best of Money Carnival #73 – Cigar Guy is Everywhere Edition

Miscellaneous
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Over the last couple weeks, Rupesh Shangadia has become an international sensation! You might recognize him by his other name – Cigar Guy. Cigar Guy is the man that took the spotlight off one of the most amazing photos taken of a Tiger Woods duff shot. If you missed the original photo, check it out here.  […]

This Week in Personal Finance – Camping in October Edition

Miscellaneous

Over the weekend my wife and I took the kids camping with some friends. Including kids, we had somewhere around 34 people together in six campsites. Camping in October here in the Chicagoland area is a risky proposition, but, as it turns out, we picked a pretty good weekend to go! The weather was absolutely perfect – 80 […]

7 Most Important Habits That Rich People Use to Build Wealth

Personal Finance
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Aristotle said that “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” Being rich (having wealth, anyway) is not about having a lot of money or making a lot of money. It’s about building wealth, keeping your money, and spending it wisely. Here are the 7 best ways that […]

This Week in Personal Finance – Sometimes It’s Just Not Your Day

Personal Finance

Have you ever had one of those days where nothing seemed to go your way? We probably all have.  When I saw this video, I felt so bad for this guy – but sometimes it’s just not your day! By the way, don’t forget to become a regular reader of Redeeming Riches by signing up for […]