Category Archives: Personal Finance

Financial Turning Points: How one couple, with a commitment to sensible spending, saving and investing, went from nothing to financial independence

They, let us call this couple Dick and Jane, married relatively late in life—one was in his late 30s while she was in her early 40s. They were united by more than love—neither had very much in the way of assets and while both were employed, neither earned, or would ever earn, fabulous salaries. Their…

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It’s the Great Dream that Never Happens for Millions: Sometimes dreams can come true. Here’s how.

The seemingly impossible goal for millions of people looking for a first home is not impossible. That’s even though for most of them the down payment seems daunting. It requires a plan and the discipline to stick to that plan. For millions of Americans and Europeans, especially those who live in big expensive cities, the…

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The New Thrift: Revising Benjamin Franklin in an era of runaway government

“A penny saved is a penny earned,” Benjamin Franklin. That piece of wisdom should be revised in an era when most welfare state governments tax every bit of economic activity, especially earnings. Say you save. You save a thousand dollars by finding a way to avoid spending on something because you discover you don’t need…

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“Stocks? We Don’t Need No Stinking Stocks!” Avoid one of the biggest mistakes of personal finance

Millions of Americans are making this mistake. And likely so are millions of others in the advanced welfare states of the West. And yet it is one of the big reasons why many people will never accumulate substantial assets, never achieve financial independence and possibly must ride the wretched rush hour E-train for more years…

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Why the Financial Services Industry Is Failing the Next Generation

Many young people never seem to begin saving and investing because veteran advisers don’t understand them. They don’t understand their needs. They don’t understand their culture. They don’t understand how they connect and communicate. So today we have the great anomaly of the financial services industry: Those who have lots of assets, and often need…

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Cardholders Living on Borrowed Time: Are you ready to pay more?

You’ve been gambling on continued dirt cheap interest rates for years and you have been able to survive. You’ve become used to not having to pay high interest rates. You’ve been taking a big gamble. Now is the time to stop gambling. That’s because all good things come to an end, even relatively low interest…

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