There are a lot of people, millions, worrying about retirement. When to think about Social Security, required minimum distributions, the “4% rule,” projecting expenses, healthcare, enough, too much, inflation, taxes, age, quality of life, the whole lot. There’s always a reason to be concerned. And I’m not downplaying these scenarios: it’s prudent to have a handle on the important variables. However, I believe there’s a larger challenge out there.
Not today, not tomorrow and perhaps not even during our lifetimes, but eventually society will face a much greater dilemma. My reasoning can be summed up in a single graph: Read more
Including this quick post, I have written three articles today. That’s a pretty productive day for me, but had I really pushed it I bet I could have done four.
This is the essence of why New Year’s resolutions fail. Granted, article writing wasn’t my New Year’s resolution (I didn’t make any resolutions and I’d write regardless) but the logic is the same. Read more
This update will cover the five months this website has been alive: August of 2014 through December of 2014. After this update, I’ll move to a quarterly schedule. Cool stuff happens daily, but sometimes its better to be out doing it than reflecting.
I still intend on keeping an ongoing log, but you’ll see a post like this just four times this year. In using this schedule, I hope to Read more
This month I went 7 for 7 in finishing books I started. More pertinently, that means I also completed my December Challenge goal of reading 5 books. So I’m 3 for 4 as far as monthly challenges go. What follows is a quick summary of each book I read. Read more
This post is sort of a short cut, but then again that’s kind of the idea. Not exactly a short cut I guess, but more “using what someone else has already written such that I don’t spend much time on it.”
Some might call it using my scarce resource wisely. Others just a summary.
Call it what you want.
I’d like to bring your attention to the legendary investor Peter Lynch. Specifically, I just finished reading one of his books Read more
In the financial world, there are just three types of people: those that pay interest, those that earn interest and those that own the bank.
Now assuredly one might cycle through all three stages (and back) throughout their lifetime. Moreover, it’s a bit a simplification in that you can do these things simultaneously. However, it remains that at any given time you are a net payer, a net earner or a net owner. Read more
This is the fourth installment of my monthly challenge series. Here’s a look at the past three challenges:
A Day Of Dividends For A Month Of Food
Guest Post Sampler
Save Other People $100
So far I’m 2 for 3. The challenges are meant to Read more
I’m on a time limit. Well I suppose we all are to a degree, but that’s neither here nor there. This update will be a bit shorter than normal.
This is the fourth monthly installment of the update series. I wanted to keep an ongoing log for the site, so I’m committed to providing monthly updates. In doing so, I hope to accomplish two things: Read more
If you want to become a billionaire, there’s good news forthcoming. The formula is quite easy: invest $2,000 per month at an average 8.5% compound return for the next 100 years. Simple, right?
Granted you might never live to see this 10-digit wealth, but some of your heirs certainly could. Moreover, you can play with the numbers to reflect a higher contribution amount or starting balance and therefore a lower required return or time horizon.
So, what’s the point of this? That’s a good question and I’m glad you asked. Read more
No I’m not talking about the top financial bloggers as measured by Rockstar Finance’s “net worth tracker.” (Although it occurs to me that this might have been more interesting)
In fact, I’m not even going to list all 25 people. I’ll just skip to the punch line. Read more