I am not advocating we initiate a run on the banks, but we are at a point in the interest rate cycle where I think it makes good sense to keep as little in the bank as possible. Banks have not increased deposit rates just yet, meanwhile you can get … [Read more...] about Take Your Money Out of The Bank
Personal Finance
I-Bonds: Everything to Know
I-Bonds can be a great safe option to consider. It is a fixed income instrument with no default risk, no principal risk, and no inflation risk. While they have been written about extensively by financial columnists for the last year or so for … [Read more...] about I-Bonds: Everything to Know
Scraping by on a $500k Income
An article on July 13th by Shawn Langlois of MarketWatch shares the story of a Reddit discussion where an anonymous man posted his household monthly budget, and how they are struggling to get by on a $500k annual household income. One more thing, … [Read more...] about Scraping by on a $500k Income
Tracking Your Budget
Tracking your monthly expenses will not always result in saving money, but it will give you a good understanding of where the money is going, and if there are areas you can cut back on. … [Read more...] about Tracking Your Budget
Wolves Dressed as Sheep
"Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves." Matthew 7:15 Victor Lustig sold the Eiffel Tower in 1925 for scrap metal. You read that correctly. Lustig invited a small group of scrap … [Read more...] about Wolves Dressed as Sheep
Money Value of Time
"Investments have risks, they have returns, and they have costs. Everything else is marketing" -Rick Ferri Warren Buffett is currently 87 years old and has a net worth of approximately $73 billion. Let's say you poll 10,000 American thirty year … [Read more...] about Money Value of Time
