The “Secret” to Self-Employment Success
Self-employment is a world that you have to create, and in order to do that you have to be relentless in making it happen. You can never give up no matter what. Continue Reading
Dealing with Addiction and Its Financial Consequences – A Personal Story
Dealing with addiction. Now that's not a topic I thought would ever be on this blog. Why? The story is too personal. It's too painful. And it's too darn difficult to talk about. Yet here we are. What does this have to do with personal finance? Plenty! Read on to learn how and why this is the c Continue Reading
Why the “Safe Withdrawal Rate” Won’t Work for Most Retirees
You’re doubtlessly familiar with the many retirement strategies that say something like this: If you invest X dollars per year for the next Y years, at Z percent, you’ll have N dollars by the time you’re ready to retire. That’s certainly true in theory (though most people won’t even get cl Continue Reading
The Medicare Crisis is Coming – How Can We Prepare?
The Summary of the 2018 Annual Reports on the fiscal state of the Social Security and Medicare programs is out. It contains significant news, most of it bad. It turns out – surprise – the long expected Medicare crisis is coming sooner than we were led to believe. It’s not going to wait until e Continue Reading
Why Geographic Mobility May Be More Important than Ever
In this article I’d like to discuss a career issue that most probably don’t even think about. The human tendency is often to find a specific place, and “put down roots”. That certainly has emotional appeal, particularly if you have family near your home turf. But from an economic standpoint, Continue Reading
Becoming a Digital Nomad Can Transform Your Life
I can’t remember when I first heard the term digital nomad. But I got a strong whiff of the romanticized version in an article Is the ‘Digital Nomad’ Life as Good as It Sounds?. As something of a digital nomad myself, I’ve always thought becoming a digital nomad can transform your life, and Continue Reading
Retirement Won’t be an End Game – But Just Another Phase on the Road of Life
Do you remember the song Somewhere Over the Rainbow from the Wizard of Oz? I could be wrong, but I think that’s something like the concept a lot of people have about retirement. It’ll be a whole new life, with brilliant new adventures, and none of the problems of your current life. But will it? Continue Reading
Consequences of Not Preparing for the Unforeseen
If you’ve ever done any research on how to get your personal finances in order, one of the tips you’ve likely read about time and time again is creating an emergency fund. Essentially, it is a savings account in which you store money to use for those moments you weren’t prepared for. It preven Continue Reading
The Number One Investing Tip: Be Lazy
Research shows that investors who monitor their portfolios regularly tend to make less money. Often investors don’t make money even though many funds post strong returns since inception. In other words, why do lazy investors who don’t monitor their investments tend to make more money than inv Continue Reading
Shared Housing for Millennials – Boarding Houses Are Making a Comeback
Much as was the case prior to the Financial Meltdown in 2008, housing – both purchases and rentals – have made a stunning comeback. At least prices have. Late last year it was reported that house price levels finally eclipsed their 2006 price peak and are climbing higher. The recovery is of c Continue Reading