For True Freedom, Learn to Deal With Uncertainty

Almost 10 years ago, I knew a guy on a financial rocket ship. He had a great house, a successful business and a solid income.

But then things changed. With the benefit of hindsight, it was clear he bought a little too much house and spent a little too much money. At the beginning, he was rewarded for buying the house. Its value went up a lot in a short time. For context, imagine Florida, Arizona or Las Vegas in 2006-7. Houses were selling even before hitting the official market and for way more than the asking price. > SEE MORE

The BAM Alliance

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The BAM Alliance

Tips for Teaching Your Children About Money

As parents, we continually struggle to pass on knowledge to our children. Unfortunately, sometimes the financial knowledge we want to share with them is either left off the already lengthy list of things to impart or lost in translation. But whether your child is 5 or 25, there are important lessons you can teach about money to give them a strong financial start in the world. > SEE MORE

The BAM Alliance

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The BAM Alliance

Setting Up a Budget Based on Your Values

At a recent breakfast, a friend shared the process he and his wife use in place of traditional budgeting. It takes them less than 15 minutes a month, and after the first month, it’s already had a massive impact on the way they use money. Think of this as a little case study, one that shows exactly how easy it can be to align your spending with what you say is important to you. > SEE MORE

The BAM Alliance

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The BAM Alliance

An Emotional Balance Sheet Can Guide Hard-to-Quantify Financial Choices

A few years ago, I came across a blog post by a writer named Emma Johnson who declared, in no uncertain terms, that “You. Cannot. Afford. To. Be. A. Full-time. Stay-at-home mom. You just can’t.”

I like strong opinions because they make me think and help me clarify my own feelings, and this statement certainly did that. I have actually been thinking about it ever since, and I’m convinced Ms. Johnson missed a very important part of the equation. > SEE MORE

The BAM Alliance

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The BAM Alliance