Archive for the 'Philosophy' Category

Is this the best use of my money?

In Penelope Tzougros’ book, Wealthy Choices, she asks us to consider 3 questions before making a purchase. I’ve addressed the questions What are the Benefits of Making This Purchase? And How Important is Making This Purchase? I think the final question - Is this the best use of my money? - is probably the most difficult, at least for me. (Keep reading →)

How Important is Making This Purchase?

Our society seems to confuse “wants” with “needs” all the time. Our family and friends, social group, and marketers for companies have done a fantastic job of tapping into our psychology and convincing us that we absolutely must have this or that to fulfill some gap in our psyche. (Keep reading →)

What are the Benefits of Making This Purchase?

To curb impulse buying and help us make more conscious financial decisions, Penelope Tzougros advises us in her book, Wealthy Choices, to ask “What are the benefits of making this purchase?” before we buy something. (Keep reading →)

How Do You Value Your Money?

I often read books and articles that provide common sense tips on how to save money, get out of debt, or build wealth. So why is it so difficult to do so? I’ve been reading the book, Wealthy Choices: 7 Competencies of Financial Success by Penelope Tzougros, and the further into it I get, the more I realize how much of successful financial management is more mindset than habit. (Keep reading →)

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