If you haven’t heard of Mr Money Mustache yet, let me introduce you…
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“All of this has always ignored the mathematical fact that scrimping and saving and investing wisely will not save you if you don’t have enough money in the first place. If you are a low-wage worker who cuts your expenses to the bone in order to sock away $500 a year, on which you earn 8%, you will still not go more than a year in retirement without starving to death. The math just doesn’t work. We need to actually give people more money. This is common sense, but is anathema to the sort of magical thinking that says that the root of all poverty is bad decisions by the poor.”
Read the full article: Oh Damn, 401(k)s Aren’t Magic
Please remember to subscribe to the newsletter to stay up to date!Here’s some of Buffett’s best money advice.
Please remember to subscribe to the newsletter to stay up to date!Another oldie but goodie, and still largely applicable.
Please remember to subscribe to the newsletter to stay up to date!Paying your mortgage every two weeks instead of monthly could save you tons of money in interest and shave years off your mortgage. However, if your lender offers a payment plan for doing this, you should probably skip it and set it up yourself. Here’s why.
Please remember to subscribe to the newsletter to stay up to date!Love the perspective here. It would probably behoove me to consider some of this more often…
EP232: How to Communicate with Your Partner About Money
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Please remember to subscribe to the newsletter to stay up to date!Love all of this!
Investing in Real Estate with Clayton Morris | EP220: How to Think Like a Wealthy Investor
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Please remember to subscribe to the newsletter to stay up to date!Last week, an obscure but potentially internet-transforming document was leaked from the U.S. Federal Communications Commission. It revealed that government regulators are considering rules that would give big companies a chance to make their online services run faster than smaller ones.
Personally, the thing I like least about it is that it’s easy to see how small/new companies could get screwed and stifle innovation. The other thing that I had not though of until I read this is I trust the cable companies so little that I wouldn’t be surprised if they started “bundling” sites like they do with TV. I don’t need 100 channels! Of course, this is why I don’t have cable TV. Finally, the other thing you should be upset about is the cable companies “double dipping”. They’re already charging insane prices (because usually they have a monopoly in most areas other then major metros), and now they’re also going to start extorting the companies too – what, you didn’t think they’d actually lower your rates when they started charging the companies did you?… Comcrap-Warner wants it’s cake and to eat it too (see the video below – warning: language).
Please remember to subscribe to the newsletter to stay up to date!Every time I hear stories like this it makes me worry for my kids. While I can be a competitive person there’s always been a release valve buried somewhere deep inside that has been able to say “the work will be there tomorrow” or (when I was in school) “Being first in class doesn’t matter. Just learn the material well enough. There’s always time to dig deeper.”
The question is, how to pass that on while still instilling the discipline and joy of hard work and sacrifice?
Please remember to subscribe to the newsletter to stay up to date!We’re supposedly in a new era of financial sobriety. Yet the evidence suggests otherwise.
Personally, I find this article very scary because at some point someone (unfortunately, it will probably be the responsible) will have to help save the irresponsible.
Need to save money? Here’s a few quick ways anyone can do so…