Kiplinger

With Finances, Keep It Simple, Stupid (Even If You're Rich)

When Confucius noted that "life is really simple, but we insist on making it complicated," he should have included an addendum that the same thing goes for finances. Believe it or not, a simple plan throughout the course of your financial life could be the key to sanity, even as your wealth grows.

Obviously, people want to be good stewards of what they have. And most of us aren't Warren Buffett, nor do we desire to accumulate as much wealth as we possibly can before we die. We want our money to work for us and to serve as a tool for us to be able to live

You're reading a preview, sign up to read more.

More from Kiplinger

Kiplinger4 min read
7 Tips for Raising Wealthy Kids to Be Socially Responsible
How do parents with substantial assets raise fiscally and socially responsible children? How do you talk to your children about the wealth they are likely to inherit? Many successful people with significant wealth don't know how to talk to their chi
Kiplinger10 min readPolitics
14 Frugal Habits of the Super Rich and Famous
Becoming wealthy and staying that way takes a certain level of discipline. Sure, an occasional splurge won't put you in the poor house, but frequent frivolous spending can quickly erode your net worth. The frugal habits necessary to achieve financial
Kiplinger3 min read
Don't Let Tax Concerns Keep You From Taking Care of Loved Ones
Regardless of how much money you've put away for retirement, the goal once you get there is to keep as much of it as possible. For you, for as long as you're around. For your spouse after you're gone. And, eventually, for your kids, if that's possibl