Save more. Earn more. Have more.
Even as a college freshman, I wanted to provide a place for my mother to live when she got older. For years, I’ve imagined her living in a small cottage, on the same land, directly next to my house. In my vision, there’s an open walkway that connects the two homes so that when we [...]
A few weeks ago, I heard Ric Edelman, one of my favorite financial advisors and radio hosts, introduce a radical concept: FORGET ABOUT RETIREMENT That’s right. Give it up. Get used to the idea that your latter years won’t consist of daily sit down lunches at Long John Silver’s. The whole day won’t be free [...]
Personal finance enthusiasts – expert and amateur alike – love talking about historical stock market returns. Particularly when they’re trying to convince some poor soul to drop his morning Starbucks. You know how it goes. Sacrifice your pricey cup of Joe, and invest the savings in an S&P 500 index fund. Assuming the S&P 500 [...]
As I write this, I’m listening to a friend rail against the evils of Wall Street. Here are a few points mentioned that support her assertion: Wall Street hides sales commissions on mutual funds making it impossible for the average investor to calculate how much they’re charged in fees. The 401(k) was sold to our [...]
I’m pretty confident I’ll be able to provide for myself in retirement. I’m frugal, self sufficient, and personally responsible. Additionally, a decent income certainly doesn’t detract from my ability to accumulate financial wealth. Although I believe the government has its place in our lives, I’ve never seen it as my provider. Not only is government woefully incompetent [...]
I almost made a huge mistake. It’s a mistake I see other people make that drives me nuts. Although we’ve already talked about taxes this week in conjunction with the TurboTax Deluxe Online 2009 giveaway, there are other matters we should discuss. Most people wish to pay as little tax as legally possible. I’m no [...]
