Latte Factor vs Saving on the Big Things
If you read personal finance magazines, books, and websites (especially topics like financial independence and retiring early (sometimes called “FIRE”), etc.), you have probably seen […]
Doug's Methods of Saving Money
If you read personal finance magazines, books, and websites (especially topics like financial independence and retiring early (sometimes called “FIRE”), etc.), you have probably seen […]
A few years ago, I saw “The Grasshopper and the Ants” (Disney’s short film of 1934 based on Aesop’s fable, “The Ant and the Grasshopper”, […]
Different kinds of accounts where you can keep your money … and how to use them. This is the way I do it. Checking account […]
Repeatedly I see the term “compound interest” used to describe the growth of stock market investments. I think this is incorrect. Strictly speaking, you only […]
People use the term “nest egg” to refer to their life savings, their retirement savings, what they will live on after they stop working. “Nest […]
Here’s inspiration from a century ago from The Baltimore and Ohio Employees Magazine (February 1916): The Saving Road to Independence For Men and Women of Limited […]
A year ago I wrote a post about my net worth and the convenience of having it automatically calculated in an online financial tracker. Reminder: […]
Some months ago, the driver’s side window of our minivan stopped working and wouldn’t go down. Next, as it got warmer, we noticed that the […]
My thoughts on investing in mutual funds. Part I I just finished reading a lengthy newspaper article about a certain money manager, a fellow who […]
Generally, home mortgage payments consist of 4 parts: principal (a partial payment toward the amount that was initially borrowed) interest (the cost of “renting” the […]
An old song says “Love is like a faucet … it turns off and on”.* I’m not so sure about love being like a faucet, […]
Browsing through an old issue of The Sabbath Recorder (A Seventh Day Baptist Weekly, published by The American Sabbath Tract Society, Plainfield, N.J., vol. 76, No. […]
At one time or another most children will say, “I want to be rich” or something similar. When you hear children say that, you can […]
A couple years ago the U.S. Treasury Department started a program called MyRA (My RA, sounds like “IRA”). It’s a savings account that allows anyone […]
Albert Einstein probably never said, “Compound interest … one of man’s greatest inventions.” “The most powerful force in the universe is compound interest.” “Compound interest […]
Commercial banks exist to make money for their owners. One way they do that is by charging fees. ATM fees. Monthly maintenance fees. Account closure fees. […]
The first post in my blog is about THE personal finance book that I would recommend to everyone. The basic lesson of that book is: Pay […]
You’ve probably experienced how much more real something is when you’re seeing it for yourself instead of just knowing about it by reading about it or […]
Because you don’t have enough money — that’s why! Okay, maybe that statement doesn’t apply to 100% of the people who might read this. But […]