I first read The Millionaire Next Door a few years out of college. For some reason the following stats were the ones that jumped out at me the most: 63% of the millionaires surveyed for the book purchased or leased new cars but 37% bought used. 46% of these millionaires had either the current year…
Personal Finance
The Problem With Timing The Housing Market
Timing the housing market is even harder than timing the stock market.
How To Make Up Lost Ground If You Got a Late Start Saving For Retirement
Making up for lost time with your retirement savings.
How Much Money Do You Need To Make To Be Considered Rich?
The difference between income and wealth.
What If Housing Prices Aren’t As High As They Appear?
Comparing housing costs and amenities over time.
Why Housing is a Good Hedge Against Inflation
Some thoughts on housing as an inflation hedge.
The Best Time to Give Back
One of my favorite Curb Your Enthusiasm episodes of all-time is the Anonymous Donor: It entails Larry’s ongoing feud with Ted Danson. And in true Curb fashion, hijinx ensues after he switches the wing from ‘Donated by Larry David’ to ‘Donated by Anonymous.’ It shouldn’t be this way, but there can be an internal…
Why Is College So Expensive?
What if college tuition isn’t as expensive as it seems?
The Investment Strategy That Makes Your Life Easier
My simple strategy that works for every market environment.
The Best Way to Manage Sequence of Return Risk
Managing stock market risk in retirement.