Why Is It Important to Save Money Instead of Enjoying It All Now?

Coins Entering Piggybank Shows American Revenues

The life of a child is so simple relative to that of an adult.I realize this over and over again whenever I go out to the store with my; especially my 8-year-old son.  He has a severe problem where the second he gets a dollar, he has to spend it!  It doesn’t really matter on what.  He just has to spend it.“Do you really need it?” I’ll ask him.  “I thought you were saving your money for the bigger one?”He might try to argue.  He may even try to justify making this purchase.  But as his parents we still challenge him because we know that it will be a very important lesson to understand why it’s important to save money for the things we really want later in life.  … [Read more...]

Getting Fit on a Budget and Becoming Healthy for Less

The Beach At Dawn In Thailand

The following contribution is from a reader of My Money Design.  If you’d like to write for us, please feel free to contact me.Staying fit and healthy is important for our long-term health as well as for out short-term happiness and looks.But getting in shape is something that can sometimes seem like an expensive business!  Gym memberships, exercise classes, personal trainers… there is a reason health and fitness is a booming industry and there is certainly a lot of profit to be made from unfit people looking to get fitter.If however you want to become a fitter, healthier version of you without spending a small fortune every month to do so, there are plenty of options that you can choose for getting fit on a budget which don’t … [Read more...]

How the Things I Want for Christmas Are Different Now That I’m An Adult

things i want for christmas

I can’t believe how quickly Christmas snuck up on us.  Can you?We celebrated the season a little early when we made my daughter’s No. 1 present on her list of things she wanted for Christmas come true: She got a kitten!  (Actually it’s for the whole family).  You should have seen her face when she picked one out and we told her yes to actually taking it home.  I don’t think there’s anything else out there that could have compared.So while the love of an adorable little kitten was enough to keep my kids busy, my wife and I were still faced with the endless “what do you want?” “I don’t know, what do you want?” “I don’t know, what do you want?” routine.  Every other day the two of us would say things to each other like “make me a list” … [Read more...]

Recognizing Opportunities to Build Multiple Streams of Income

Dolly Parton

I’ve often heard that great opportunities are not rare.  It’s just that our ability to identify them is so undeveloped that we perceive them to be rare.  Ever since I’ve started reading about how people find different ways to build multiple streams of income and then take full advantage of them, I find myself becoming more aware of them as I recognize them in even the tiniest things throughout my everyday life.  I might see them in a billboard on the way work, in a tool or gadget I have to use, or even in this case while I’m on vacation.  … [Read more...]

The Value of Time and Money

Holding Hands by Michelle Meiklejohn

I’ve often made reference on My Money Design that time is the only true currency.  Even when we think of money as a currency, really all we’re doing with it is buying the convenience of goods and services that we would otherwise have to use our time to obtain.And while as deep or philosophical as I think I’m being, I was pleasantly surprised to come across a movie a movie with a subtle plot that made me think about how our society looks at the value of time and money. … [Read more...]

My Post Retirement Ideas for When I Become Financially Free

On The Road by dan

We spend an awful lot of time on My Money Design talking about not only how to successfully plan for retirement, but even some strategies for how to get there as early as possible.  Why?  Because I think that financial freedom and the ability for you to choose what you do with your time are some of the most gratifying things you can accomplish in your lifetime.The big question then is: What is it that I want to do with all this time once I finally have it?  - That’s a very good question, and not one to take lightly.  Having some post retirement ideas and goals for what you’ll do with yourself is just as important as the planning it took to get you there. … [Read more...]

Is Financial Fear Paralyzing You From Being Financially Free?


The following post is a contribution from Todd. He’s the co-founder and content manager at the Men’s Blog Fearless Men. It’s a blog on Manliness that inspires men to grow strong, get fit, be wise, kick fear in the face and become a better man.What I admire most about My Money Design is the tagline “Designing Financial Freedom.” I believe that just because you have a dream or a goal doesn’t mean you’ll get there by accident. You won’t wake up in 6 months or 6 years and fulfilled your goal without having done it on purpose. You must plan, you must design how you’re going to build toward financial freedom.Want to be financially free? Stop living in Financial Fear. A leading cause of paralysis with investors, savers, planners and … [Read more...]