Money cannot guarantee happiness but grinding poverty can almost certainly guarantee misery. It is difficult to be happy when you know, in the back of your mind, that you are one small misfortune away from being unable to pay next
Reaching Financial Independence
When can you give up the security of a regular paycheck? This is the fundamental question that everyone must eventually answer in the context of their own “retirement”. I put “retirement” in quotes because what we are really talking about is not necessarily
The Pitfalls of Early Success – A Personal History
“Success makes people think they’re smart. That’s fine as far as it goes, but there can also be negative ramifications.” — Howard Marks The investing profession tends to attract individuals who, to put it politely, have a healthy sense of
The Financial Flu Shot: Using Bond Ladders
This post was originally published on December 27, 2017 Take a moment to log into your investment account and write down the balance. In late 2017, you probably feel pretty good about it if you have diligently saved over the
Setting Up Your Bicycle as a Car Replacement
Driving absolutely everywhere in a two ton metal box on wheels is fundamentally wasteful and irrational. The rational way to think about automobiles is that they serve very useful purposes when one needs to accomplish very specialized tasks. If you