04 Sep 2024
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New Data Shows More Money Leads to Greater Happiness

New Data Shows More Money Leads to Greater Happiness

Rule 7 of our 10 Rules for Life is, “To be rich, spend money on what you love.” As we introduce that rule, we note that as long as you have enough money (currently an income of around $100,000 per year), more money won’t make you much happier. This is based on a famous economic study, but a new study has the opposite finding. So, what is true? Does more money lead to greater happiness? Studies on the Relationship Between Money and Happiness It is very hard to study the relationship between money and happiness without controlling for other factors,…
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05 Dec 2022
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A Tip for Doing Well With Money

A Tip for Doing Well With Money

Check out our Personal Kaizen Motivational Monday quote! Ever wondered how some make doing well with money look so easy? This week we share a quote from Morgan Housel, a finance expert and former finance columnist at The Wall Street Journal who touches on just that! "Doing well with money has a little to do with how smart you are and a lot to do with how you behave."Morgan Housel Our Personal Kaizen topic this week will be on the Lean East site. We will share the share lessons from Morgan Housel's 2020 book The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness.…
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27 Jul 2022
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Five Easy Low-Cost Investment Strategies for FIRE

Five Easy Low-Cost Investment Strategies for FIRE

We recently suggested strategies for Putting Lazy Money to Work for You, a topic related to Rule 7 of the Personal Kaizen 10 Rules for Life. We shared that “cash is trash” and showed how inflation destroys the spending power of your money. The best strategy is to make your money work for you by investing it. Here are 5 low-cost investment strategies that will help you retire comfortably or even achieve FIRE – financial independence to retire early! Note that I am not a financial advisor – these are all just personal opinions. Also, note that I am not…
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25 Jul 2022
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It’s Not About How Much Money You Make

It’s Not About How Much Money You Make

Check out our Personal Kaizen Motivational Monday quote! This week we share a quote from Robert Kiyosaki, an American businessman, and author who has written multiple books about personal finance. He has also written about business investing. We agree with his idea that it's not about how much money you make! Check out the full quote below. "It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for."Robert Kiyosaki Our upcoming Personal Kaizen post will share five low-cost investment strategies that will help you…
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20 Jul 2022
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Travel for Free With These Simple Tips

Travel for Free With These Simple Tips

The Personal Kaizen posts over the past several weeks have been focused on smart money habits related to Rule 7 of the Personal Kaizen 10 Rules for Life. We began by encouraging you to Stop Wasting Your Money with These 8 Simple Tips and gave advice on How to Improve Your Credit Score and Save Thousands and last week ways to Use Credit Card Bonus Points and Cashback. This post will provide step-by-step instructions that will allow you to travel the world for free. Want to Travel for Free? I booked hotel rooms and bought plane tickets for a vacation…
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18 Jul 2022
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Travel: It’s Education for Living

Travel: It’s Education for Living

Check out our Personal Kaizen Motivational Monday quote! Many of you may know Anthony Bourdain as a world-renowned chef, but did you know that he was also a travel documentarian? He focused on the exploration of international culture, cuisine, and the human condition. Please enjoy this quote about travel and education for living! "Travel is not reward for working. It's education for living."anthony bourdain Our upcoming Personal Kaizen post will share a handful of simple tips and ways that you can travel for free. Get your luggage ready! Join the Personal Kaizen Community Our community is here to support and…
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13 Jul 2022
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Take Advantage of the Secret Benefits of Credit Cards

Take Advantage of the Secret Benefits of Credit Cards

We recently suggested ways to Stop Wasting Your Money with These 8 Simple Tips, a topic related to Rule 7 of the Personal Kaizen 10 Rules for Life. Our last post was How to Improve Your Credit Score and Save Thousands and included advice for building your credit history using credit cards. This post will teach you how to take advantage of the secret benefits of credit cards. Credit Cards are NOT Evil! Image Source: Examiner-Enterprise Dave Ramsey is one of several well-known personal finance personalities who discourage the use of credit cards. Ramsey writes, “A life without credit cards…
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11 Jul 2022
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Credit Cards and Rewards Programs

Credit Cards and Rewards Programs

Check out our Personal Kaizen Motivational Monday quote! Aaron Patzer is an Internet entrepreneur. He is also the founder of the very popular financial management tool, Mint.com. Please enjoy this quote where he shares his thoughts on credit cards and their rewards programs. "If you pay your credit card off every month, get a rewards card. One that gives you airline miles or that will give you 1 percent cash back at least on every purchase."aaron patzer Our upcoming Personal Kaizen post will share how to take advantage of credit cards and the many benefits that they offer, including rewards.…
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07 Jul 2022
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How to Improve Your Credit Score and Save Thousands

How to Improve Your Credit Score and Save Thousands

We previously posted tips on Debt Reduction: Pay Less Interest and More on What You Love and referenced another way to pay less interest – reducing the interest rate lenders require on your debt. This post explains how your credit score is one of the key measures of your financial health and provides tips to improve your credit score and save thousands of dollars. What is a Credit Score? Credit scores provide lenders with a way to determine how risky it is to loan money to you. A lower score means higher risk, and means they must charge more interest…
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05 Jul 2022
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The Most Vital Aspects of Financial Health

The Most Vital Aspects of Financial Health

We hope you all had a safe and happy Fourth of July! Check out this week's Personal Kaizen Motivational quote! We're all very familiar with credit scores and reports. Please enjoy this quote from Erin Lowry, an author, and personal finance expert, as she reminds us of their importance. "Your credit report and credit score are two of the most vital aspects of your financial health."erin lowry Wondering how you can raise your credit score? Our upcoming Personal Kaizen post will share how to improve your credit score and save thousands! Join the Personal Kaizen Community Our community is here…
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