Money

Personal Finance

Taking charge of your personal finances is vital, but it’s also daunting. Here is some of the best advice on looking out for your financial well-being.

How to buy happiness.

At TEDxCambridge, Michael Norton shares fascinating research on how money can indeed buy happiness — when you don’t spend it on yourself. Listen for surprising data on the many ways pro-social spending can benefit you, your work, and (of course) other people.

Saving for tomorrow, tomorrow.

It’s easy to imagine saving money next week, but how about right now? Generally, we want to spend it. Economist Shlomo Benartzi says this is one of the biggest obstacles to saving enough for retirement, and asks: How do we turn this behavioral challenge into a behavioral solution?

The battle between your future and present self.

Every day, we make decisions that have good or bad consequences for our future selves. (Can I skip flossing just this one time?) Daniel Goldstein makes tools that help us imagine ourselves over time, so that we make smart choices for Future Us.

Sell your crap. Pay off your debt. Do what you love.

In 2008, after the birth of his first child, Baker and his wife decided to sell everything they owned, pay off their consumer debt, and spend a year traveling abroad as a family. They began sharing their journey in early 2009 on the blog Man vs. Debt, now 15000 subscribers strong. In sharing their ups and downs in the areas of personal finance, consumerism, clutter, travel, minimalism, and passionate entrepreneurship, they realized they aren’t alone in a desire to explore and grow.

How I learned to read – and trade stocks – in prison.

Financial literacy isn’t a skill — it’s a lifestyle. Take it from Curtis “Wall Street” Carroll. As an incarcerated individual, Carroll knows the power of a dollar. While in prison, he taught himself how to read and trade stocks, and now he shares a simple, powerful message: we all need to be savvier with our money.

What if you could trade a paperclip for a house?

Kyle MacDonald details just exactly how he traded up from one red paperclip to a house, in only a year! It’s an unlikely and amazing journey with lots of surprises along the way.