Category Archives: Personal Finance
“Stocks? We Don’t Need Stocks!”: Avoid one of the biggest mistakes of personal finance
Millions of Americans are making this mistake. And yet it is one of the big reasons why many people will never accumulate substantial assets, never achieve financial independence and possibly ride the wretched E-train 10 times a week for more years than necessary. What Is It? They never commit to a consistent investing program that…
WHAT I’M READING: Two Masterpieces of Clear Economics: Money manager writes the successor books to Henry Hazlitt’s Economics in One Lesson.
Title: Economics in Three Lessons; One Hundred Economic Laws By Hunter Lewis (Axios, Edinburg, Virginia, 403 pages). In an age of clouded thinking, in which mainstream media misses the point of flawed economic policies based on the idea that more government controls are good, here is a call for sound economic thinking. This book, it…
Bypassing Emergency Rooms for More Immediate Care
All across New York City and the United States a new kind of medical care is changing how people go to the doctor. It is the urgent care facility. These walk-in without an appointment medical offices now number in the thousands across the United States. The urgent care facility, its supporters say, is neither a…
Elegy for a Way of Life: The values of self-improvement under attack as Americans embrace sports betting and governments dream of billions more in their coffers
As the football season opened last week in the United States, state governments were lining up to take advantage of sports betting. Lawmakers quietly touted the virtues of legalized betting—-they claim it will provide a lot more money to spend on their pet projects or believe it will—with little examination of the consequences of governments…
Money Management Made Simple: Ockham’s Razor Can Still Guide Us Centuries Later
Don’t hem and haw, talking a problem to death. Solve it. Use a simple, clear strategy. Many in doubt over which solution to take to their money woes should take the simplest one. This is a rule that can be followed in money management. It is based on the same principle as recommended by the…
The Problems of Social Security—Radical Reforms Needed: One generation already hurt. Will the next one also get mulcted? Time to consider the what was once thought impossible: Offer new retirement saving choices and start to unwind the Social Security by making it compete.
As we discussed in the previous segment, Social Security, America’s bedrock government retirement program, is on a collision course with mathematics. More people are collecting for longer periods than in previous generations. Fewer people are entering the workforce who will pay into the system. The Social Security surpluses accrued in the 1970s through the 1990s,…
