Finance Friday, July 13th, 2018 Money doesn't cause happiness, and happiness doesn't cause money. But they are intricately related! Read on for some of the best articles I encountered this week. 1. Correlation between Money and Happiness Ms. Ziyou gets two things right that so many people confuse. The first is a proper understanding of …
How To Spend $300
I know the best way to spend $300. Withdrawing 4% of your invested money per year is very likely safe enough that your money will never be depleted. Four percent of $300 is $12. There are twelve months in the year. For $300, you can buy yourself $1 every month forever. First Building Block The …
Finance Friday July-6-2018
Finance Friday, July 6th, 2018 There are so many retirement calculators out there, which should you use? Plus, I didn't know what the Pareto Principle was, though I've been fighting it my whole life. Learn why amateurs and experts alike think they're amazing when they're not. All of this, and a big mustache with a …
Budget for Freedom
I'll lose my freedom if I use a budget. The first tangible step towards winning with money is to make a plan for every dollar: you need a budget. Yet the most common complaint I hear when I suggest this step is for the loss of freedom. You've got it dead wrong: Your budget is freedom. …
Finance Friday June-29-2018
Happy Finance Friday! Save money on your electric bill, visit a financial psychologist, and learn more about women leading the way in the financial space. Here are the best things I read this week (and one brief pat on my own back), happy Friday everyone! 1. Bad With Money (Podcast) I just started listening …
How To: Estimate Social Security
Learn how to estimate the present value of your future social security income.
Finance Friday June-22-2018
Happy Finance Friday! Welcome back to another Finance Friday, where I share some of the best things I read this week. 1. The Generations Project Ginger Szala's article highlights the misalignment between advisors' and investors' beliefs. She analyzes data from The Generations Project which compares five age groups across a bevy of benchmark questions. It's limited …
Plan 6: Median Mike
Let's make a plan for the median household in the United States. I've presented a few retirement plans for high income earners. And though the simple math between income, expense, and savings rate holds true at all income levels, it's much easier to meet your basic needs on six figures than on five. So with apologies …
Plan 5: The Philosopher’s Plan
The Philosopher's Plan Check out my guest post for The Physician Philosopher, where I break down his plan and project his future.
Father’s Day Finance in Five Quotes
Happy Father's Day! Here are five of my favorite fatherly quotes, and their financial implications. #1 A father is neither an anchor to hold us back nor a sail to take us there, but a guiding light whose love shows us the way. -Unknown A budget shouldn't limit your future, nor does it achieve …