I talk a lot (endlessly, some might say) about how to change your habits and make massive changes in your life, specifically with money. Being wealthy isn’t about making a ton of money (ask any NFL star who filed for bankruptcy), it’s about keeping more of what what you have. It’s about small actions taken … Continue reading
We all have started out with some level of privilege. Whether it’s the privilege of being born in a middle class home, being born tall or extremely good looking, or even just being born in a country where water was clean, food was plentiful, and security was assured. And it from this point that we … Continue reading
I wanted to come up with a good analogy of why a fiduciary duty is such an important regulation to have in place in our society. And it made me think of mattresses.
A “fiduciary” is a person or organization that is required to act in the best interest of another. I believe that everyone should be required to act in this way. If I’m going to work with anyone or anything in the financial services industry, I’m not going to do it unless I have assurances that this … Continue reading
So okay, maybe I don’t hate taxis so much anymore. I get their place in our society. When your time is worth more than your money, a taxi can make sense. But while I’ve softened my stance on taxis (even while still feeling a little uncomfortable in them), there has shown up a new “taxi … Continue reading
I’m writing this the night before I take off on a short trip, my first of the new year. The flight leaves at 7AM. I have Pre-Check (because of NEXUS) so I don’t need to get there all that much in advance. But that still means leaving no later than 5:30AM. And to get there, … Continue reading
Opportunity cost can be defined as “the value of the choice of a best alternative lost while making a decision.” Or, more colloquially, it’s “what you could have done if you had chosen differently.” I’ve talked before that one should consider the opportunity cost. But considering is one thing; how do you calculate the opportunity cost? I had … Continue reading
We all know what we need to do. But a lot of the time, we just don’t do it. Some of the reasons are well-trodden and known. We’re all busy, we’re all stressed, we’re all tired. There’s not much that needs to be said about those. But I find that there are two other, less … Continue reading
I wrote about my favorite posts for this year. But what about yours? Just like I did in 2015, 2014, and 2013, I ran a report and came up with the ten most-read posts for this year.
What a year it’s been. This site has now been humming along for over four years now. As I continue to post twice per week, that means that there are over a hundred posts on this site over the past year. Some of them, I’m quite pleased with. For this reason, and to give me … Continue reading