Category Archives: Personal Finance

Why Don’t I Have Any Retirement Assets? Why Must I Keep Working?: Excuses! Excuses! Are you a manana investor? Why not use tax time as the time to take control of your life and start down the road toward financial independence

It’s amazing the number of reasons people give for not starting on a savings and investing plan that will immeasurably improve their lives, as well as those of their loved ones. For instance, time and time again people tell me they will start saving and investing on a regular basis sometime in the future. But…

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For Some People, Money Will Always Be a Problem: Are you or will you be one of them? How not to be. Are you patient enough to become financially comfortable? Try some lethargy.

I personally know some of these people with money problems. And it is terrible to see their lives of quiet desperation. It is painful because most of their money problems could have been easily avoided. Who? Why? These are people of my generation—I’m a baby boomer who was born in the 1950s—who have saved or…

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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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