“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” – Nassim Nicholas Taleb Nassim Taleb has been making his rounds lately as his new book just came out. Whenever I hear his name I think of the quote above. Obviously there is some hyperbole in that quote, but overall I think it makes Read more about Addicted to the Salary[…]
With 97%+ of actively managed large cap funds failing to outpace the S&P 500 from 2001 to 20161, it can seem like there is a lot of man (and woman) power going into investing strategies that would do worse than just buying an index fund like John Bogle has been preaching for over 40 years. Read more about Time Well Spent[…]
It seems like lately every financial article that isn’t about cryptocurrencies is about the growing student loan problem and the rising cost of college, which is growing much faster than inflation. Some people point a finger at universities and their rampant spending, others blame high schools, teachers, and guidance counselors for not educating students on Read more about Considering the Cost of College[…]
Unfortunately in some circles, personal finance falls into the “do not openly discuss” category along with religion and politics. In most cases, you are not going to convert a Christian to Judaism in a 90 minute conversation. Just as you most likely will not turn someone blue when they’ve been voting red for 40 years. Read more about Falling on Deaf Ears[…]
Biggie once said “mo money mo problems.” I don’t believe this to be exactly true. Rather than more problems, there are just different problems when more money enters the picture. Many would argue less dire problems, such as, instead of worrying about making rent next month or how to fund your children’s education, worrying about Read more about Rich Parents, Poor Kids[…]