Bank OZKSmart Money Habits Blog

5 Secrets to Building an Emergency Fund

Imagine if Jeff Foxworthy wrote finance jokes: “You might need an emergency fund if . . . you set up a GoFundMe page to cover the expense of your car breaking down!” It wouldn’t be funny because hard times are no laughing matter. This is why being prepared is so important and the best way […]

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Saving Money Is Simple but Not Easy

When a chef overcomplicates a meal, the food tastes bad. When a musician overcomplicates a song, it sounds noisy. When a saver overcomplicates money, they struggle to put any in the bank. With all the fancy financial jargon and all the trendy advice and fad savings plans out there, it’s no wonder it seems like […]

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Should I Hire a Relative?

You may not be able to choose your relatives, but thank heavens, you can choose your employees. The question is, should you choose to hire a relative? Imagine if I told you there’s a potential job candidate out there who requires no background check, no references, no interview, and you already know they are reliable […]

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Money Really Does Buy Happiness Just Not How You Think

Can money buy happiness?  We’ve come to universally accept that it can’t, but that is untrue. Money can buy happiness; you just have to know how to spend it. “The truth is a lot easier to see when you stop assuming you already have it.”  Michael Norton, the Director of Research at Harvard Business School, […]

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When You Put People First, Profits Will Follow

There are few words that strike more fear in business owners than recession.  But one of those more frightening words, for both employees and compassionate leaders, is layoffs. Bob Chapman, CEO of the manufacturing company Barry-Wehmiller, faced both of those terrible words daily in 2009 as the financial crisis was beginning to wreak havoc on […]

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What’s the Value of a Dollar? It Depends.

Would you pause before spending $1,000 dollars from your paycheck on a weekend getaway?  I know I would. But you would probably be more likely to splurge on that trip if the money came from your tax returns. It’s the same amount of cash either way, but it doesn’t feel the same because people tend […]

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