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Blogger Profile


Dave

Blog Info

Name:
The Rich Fool
Category:
General Finance
Tags:
Generosity, saving, spending, budgeting, parenting, investing, financial independence, faith
Start Year:
2018

Blogger Bio

Net worth:
$780,000.00
Location:
Chicago, Illinois , United States
Age:
30s
Race:
White
Gender:
Male
Life stage:
DIK (Dual Income, Kids)
Profession:
Marketing Executive
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Latest Blog Posts

Radical generosity is a journey that starts with small steps, and I don’t want to ever make it feel impossible. It's an attainable personal finance goal, regardless of income, but it requires vision and an intentional approach to budgeting that creates room for increasing levels of giving over time. Here’s how you can make room for charitable giving in your budget and climb the ladder of generosity. The post Charitable Giving ...
Posted: Apr 14 2018 @ 10:57 PM
The first time my son asked whether we’re rich, my wife and I sheepishly deflected it and mumbled something about being middle class. But I felt guilty about that answer, like we were lying. At that moment, I realized that we are rich. And we need to own that. The next time he asked, I confessed: “Yes, son. We are rich.” The post ‘Daddy, Are We Rich?’ Yes, Son. appeared first ...
Posted: Apr 06 2018 @ 12:12 AM
A high cell phone bill ranks right up their with Internet and cable bills as among the most frustrating budget line items. But if you take the time to research cheap cell phone plans and change your usage habits, your cell phone bill doesn't have to be a monthly headache. Here are five steps to keep data consumption low to ensure your cheap cell phone plan stays affordable. The post ...
Posted: Apr 03 2018 @ 2:19 AM
Most personal finance enthusiasts embrace frugality, but there's also a downside to chronic cost-cutting. Frugality isn’t just about spending less and saving more; it’s a tool that empowers you to spend money on the things in life that have meaning and purpose – instead of empty possessions that don't bring fulfillment. The post Four Ways to Find Fulfillment Through Frugality appeared first on The Rich Fool. ...
Posted: Mar 25 2018 @ 8:57 PM
There are plenty of Bible verses on money, but the parable of the rich fool jumps out because of its relevance to how we structure our personal finances in 21st Century America. The parallel of the rich landowner in Luke 12 to our modern philosophy of wealth accumulation serves as a stern warning about the dangers of excess. The post Money Lessons from the Parable of The Rich Fool appeared first ...
Posted: Mar 17 2018 @ 9:13 PM
As I developed The Rich Fool, I attempted to create a giving formula. I wanted to create a framework that would introduce discipline in climbing the ladder, encourage spending limits and discourage over-consumption, and make unnecessary barn-building difficult. I was excited about my new giving framework, until I actually attempted to put it into practice. I soon realized I was trying to create a formula for something that should be ...
Posted: Mar 06 2018 @ 1:12 AM
As The Rich Fool, one of the core themes I plan to explore revolves around the question of what it means to build bigger barns. It feels critically important to define what "bigger" means and set some financial finish lines, considering the fate of my biblical counterpart who was condemned by God for stockpiling an abundance of possessions beyond what he could ever consume. The post Set Financial Finish Lines to ...
Posted: Feb 26 2018 @ 10:39 PM
Just like my gut has always told me that it's foolish to pursue the American Dream, the same instincts told me that financial independence shouldn’t be the goal of a more disciplined spending lifestyle. I couldn’t shake the feeling that I was going down the right path for the wrong reasons. Then it hit me: What if I applied the concepts of financial independence to my life, but with the ...
Posted: Feb 19 2018 @ 5:57 PM
Lifestyle inflation sneaks up on you like a lawn weed, slowly spreading but blending in with its surroundings. But held in check, it is possible to squeeze the unnecessary spending from our lives. With lifestyle inflation in check, it becomes easier to take the next step on the journey toward radical generosity. The post Lifestyle Inflation Hurts Saving and Giving appeared first on The Rich Fool. ...
Posted: Feb 12 2018 @ 6:12 PM

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