Finding “Your Forever Pace” With Money

A good friend just finished his first marathon in Chicago. I’ve always envied people who accomplish big goals like a marathon. It takes so much time to train, and there’s no monetary payout… AND you know it’s going to require lots of effort and will be incredibly painful.

As a friend (and a student of asking “why” about everything), I had to ask, “What was your secret to success?”

He said, “I just had to remember that it was going to be   Continue reading this post >

What to Do When Your Budget Collapses

My budget stopped working a few weeks ago.

I know what you’re thinking: “But Miata, you’re perfect with money…how could YOU have budget issues?” ☺

Well trust me, even I have budget issues and this last month was a doozy!

You may know that I have two children. They had some big expenses come up…as did we.

At the same time, we were invited to several events, which we agreed to attend…none of them inexpensive. We made a huge mistake and said “yes” to   Continue reading this post >

Titles Matter – From Blog Posts to Financial Accounts

Wills and TrustsWhen I write anything I agonize over the title. Does it match the general mood I really hope to express? In my case, a poor title might cost me a few readers. But titles can matter much more in certain company. One art critic I know insists on being called “Mrs. X” instead of her first name. Another acquaintance, with a PhD in Philosophy, prefers to be called “Doctor   Continue reading this post >

Do I Need Disability Insurance?

Reader Question: Do I Need Disability Insurance?

Autumn writes: Hi Miata, Our financial advisor is pressuring me to buy disability insurance. I have some through my day job already. Isn’t that enough?

Autumn, you’re right to question your financial advisor… not because disability insurance is unnecessary (I’ll tackle that in a moment), but because you shouldn’t ever feel pressured by your advisors. While advisors may disagree with you about a course of action, their job is to give you the data you   Continue reading this post >

Lowering the Cost of “The American Dream” Part I

AmericanDreamA recent USA Today article caught my eye. They said that the “American Dream” now costs $130,000 a year. Wow! Even as someone who works with people on their money, I was astounded. For those wanting to focus on creative endeavors that can feel like an impossible amount.

….then I began reading.

Let’s take a look at their list of expenses and consider how we might be able to make the dream more   Continue reading this post >

Hiring Pros? 5 Guidelines To Save You From Delegating to A Scammer

moneyHiring Pros? 5 Guidelines To Save You From Delegating to A Scammer

When I read about young Nickelodeon star Drake Bell declaring bankruptcy, I thought immediately about how vulnerable we are as artists.

If we want to succeed we have to be able to focus on our work. That focus means that we need to become good delegators, and often it’s the financial parts of our lives that are at least partially handed   Continue reading this post >

What Did We Learn in 2013?

Newyear fireworksI love looking back at the prior year to find lessons I should have learned from the previous twelve months. Maybe it’s just my love of reminiscing, but even if you’re just starting out on your investing journey I think this is a good time to search for ideas to remember later. History often repeats itself, so you’ll be a better saver if you keep in mind some of the   Continue reading this post >

Hope For Rainbows But Plan For Rain

When I first begin a new relationship with someone ready to begin building their financial house, I find one scenario repeats itself over and over: most have experienced some severe money problems that don’t seem to let up.

It’s like a nightmare where a tornado goes through town, followed by a hurricane, and then the overdue tax bill (that you didn’t know you owed!) arrives.

The truth is that it can sometimes be that bad in real life. Recently, I worked with   Continue reading this post >

No Money For Investing? Here’s The Simple Step To Begin

No Money For Investing? Here’s The Simple Step To Begin

Artists know that there’s truth in projecting. We project thoughts onto a stage, a canvas, paper….and suddenly what was once in our head is a living work. We’re fascinated by it. We’ll work hard to bring these images into existence.

Saving money is also about projecting.

A reader last week wrote to me. She was frustrated with her financial situation, and mentioned that you had to “have money to make money.” She asked   Continue reading this post >

How to Create an Investment Portfolio

How to Create an Investment Portfolio

Remember when you started the journey toward becoming an actor, singer, writer, painter, or whatever type of artist you may be? You probably didn’t know much about many of the technical aspects of your craft.

Well, it’s similar with investing.

The first question I’m often asked when someone is ready to begin his or her investing journey is, “Where do I start?” That’s always a difficult question to answer because it could mean a number of things:

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