The New Ideas Blog

When talking about financial freedom, different people can mean entirely different things. For some it means getting to do what they want because they have enough money. For others it means having enough income from investments that they are free of any financial concerns.

Of course, few people are actually unconcerned about financial matters regardless of how much income they have. Some even get more worried about their finances as they get wealthier. And few people get to (more…)

People have money trouble for different reasons. On the other hand, there are some mistakes and bad financial habits that are common in these situations. This explains why some people have these problems with money over and over. See if any of the following apply to you.

1. Not wanting to think about money.

If you didn’t pay attention or think about where you were going when driving you would probably get lost and have accidents more often. The same is true of money. Many people (more…)

There are many books out there that explain THE WAY to manage your money. The truth is we all have different habits, goals, and skills, so there is no one way to manage money. Some less common ideas are suggested below, in case you find one or two useful. I also want to announce my new website:

The Meaning Of Money

It is about the purpose of money, the philosophical issues, and all the deeper questions, although it also covers making it, saving it, investing it and such. Now, let’s look at some creative ways to manage your money.

I know two people who bought a home and (more…)

I am reading “The Four Hour Workweek” by Timothy Ferriss and enjoying it very much.  Some of his ideas are the same one I have had over the years, but he has organized them (and his business) in a much more consistent way.

For example, I have written about how having time makes life richer - and I mean in monetary ways as well as in the ways one can use that time to directly pursue (more…)

Would you rather receive a gift of a million dollars or five hundred thousand dollars? You might think that the former is better, but I didn’t say that all other factors were equal. Suppose the gift of five hundred thousand was immediate and all at once, but the million was to be paid to you or your designated heirs at the rate of five thousand dollars annually for 200 years?

Obviously, “income velocity,” meaning how fast it comes into our hands, is important. When we are asked how much we make, we always indicate (more…)