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Newsflash: You can’t get out of debt until you stop being broke! By Kevin M Some argue that if you’re in debt the priority needs to be to payoff your debts before attempting to build a savings account. Many call for the establishment of a small emergency fund—typically $1000—to handle contingencies, and then to pour all [...] By Kevin M Last Saturday night, we decided to go see Avatar, a highly acclaimed movie that lived up to its billing. It was the first time we’d been to the movies this year, and I’m almost embarrassed to admit that the reason we decided to go at all was that our daughter was at [...] Low Cost/Debt Free lifestyle as part of retirement planning Kevin M Most articles on the subject of retirement planning focus completely on growing tax sheltered retirement savings plans like 401k’s and IRA’s. It’s an effort to build a large capital base as a way of creating a strong retirement income to enable us to maintain [...] By Kevin M Question: is a car an asset or a liability? That was a theory question in a sophomore level accounting course I took in college way back when. After some debate among the class, the professor confirmed what we all knew, that the technically correct classification is “asset”, but felt compelled to add, “Of course, [...] IS CONVENIENCE OUR SERVANT OR HAS IT BECOME OUR MASTER? By Kevin M For most of the 20th Century convenience was pursued as a means to make life easier and to eliminate undesirable chores from daily life. To the World War II generation, the 1950s brought a surge in time saving devices that were a welcome [...] By Kevin M Has this ever happened to you? The arms (technical term “temple arms”) of your eyeglasses break at the joint forcing you to purchase a brand new pair of glasses? It’s happened to me three times in the past five years! OK, if you’re not an eyeglass wearer, and no one [...] By Kevin M Conventional wisdom holds that once a car reaches a certain age and book value that the collision coverage portion of an auto insurance policy be canceled. But I may have stumbled upon a compelling reason why you might not want to drop the coverage no matter how low the book value of [...] By Kevin M If you’re living paycheck-to-paycheck, and struggling just to get by each month, that situation won’t improve until you reach the point where you have a cushion to back you up. You might think that the pressure would be eased by an additional income source, but the problem with higher income is that [...] |
 
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Radical Self Reliance in the New Economy
By Kevin M
What if the economy isn’t turning the corner? What if the “Great Recession” isn’t a recession at all, but the early stage of a longer term economic devolution?
I consider this as more than a reasonable possibility. As much as we might cling to the notion of “business as usual”, the history [...]