Do you like getting a good deal on clothes? How about food? What does it even mean to get a good deal? Does it mean you get 20 percent off of whatever you’re buying? How about 50 percent? What about 90 percent? I’m going to argue against almost everyone I know, financial advisers, finance writers [...]
Entries Tagged as 'money management'
Retirement Calculators Have Their Limits
May 29th, 2011 · 1 Comment · Budgeting & Money Management, Insurance & Savings, Philosophy In Financial Planning, Retirement Planning
Financial calculators are all over online. These calculators are praised as being the ultimate authority when it comes to saving money for your future. You’re told you should use these to calculate how much money you need to save over your lifetime. But, do they work? The problem I have with retirement calculators is that [...]
Dear Dave: What’s Wrong With Personal Finance Blogs?
February 27th, 2011 · 2 Comments · Philosophy In Financial Planning, Psychology In Financial Planning
I’ve had several people recently tell me that they really like this blog and they wanted to know if I could recommend any other good personal finance blogs. I’ll tell you what I’ve told them: I wish I could. I don’t like personal finance blogs (for the most part). They’re pretty slick-looking with, what looks [...]
Are You Making The Same Mistakes As Your Parents?
June 18th, 2008 · No Comments · Budgeting & Money Management
Most people believe that senior citizens are among the most savvy and financially intelligent people among us. Do you believe that too? As a result, children (as they get older) listen to the advice handed down by their parents. Some of it is good advice. Much of it is outdated. Today, we are seeing the [...]
How Do You Overcome Inflation?
April 10th, 2008 · No Comments · Current Events
…the Government distorts inflation figures and tries to make the problem appear like it’s “no big deal”. How many times have you heard President Bush say “We’re not in a recession”…perhaps if he repeats it enough, the folks on Capitol Hill think that the American public will believe it…the Government’s own resources confirm that inflation figures of 4% are vastly under-reporting the true measure of inflation.