Category Archives: Personal Finance

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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The Road to Financial Independence: Production First, Consumption Later

The right order is critical in achieving financial independence Often success in a task comes not only from doing something, but doing it in the right order. Doing things in the proper sequence is critical to financial independence. And the latter represents the best thing money can buy—freedom from money worries. That’s something that tens…

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Visa’s Fraud Problem?

Let me check the signature on your card. No, give me your personal identification number. Which is better at preventing credit card fraud? That is one of several issues raised by the nation’s biggest retailer against a large card association. Wal-Mart has filed a lawsuit in New York State Supreme Court in Manhattan against Visa…

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