Less is More
The other day I went to get inside my car that I haven’t driven in a week and surprisingly everything was dead. The door would not unlock with the remote: I actually had to get the key out to get in the door. The dash panel was completely dead. No big deal, I get jumper … Read more
I read articles in the Wall Street Journal pretty much everyday. I highly recommend a subscription. Today I came across a shocking article: An $809 income on a $660 a month income. A few quality excerpts: When Mirna López bought a used 2018 Nissan Pathfinder in May, she got a car loan with a monthly … Read more
It is Christmas time already, exciting. That reminded me that it has been one year since I started a 529 plan for my children. I wanted to think about the benefits and discuss how things are going overall. College expenses are often a huge burden on families. The topic seems to come up frequently when … Read more
Everyday economists and traders speculate about what national economies are doing in terms of making progress or regressing. One of the primary ways of measuring the “strength” of an economy is by using Gross Domestic Product. Gross Domestic Product is defined by Wikipedia as: Gross domestic product (GDP) is a monetary measure of the market value of all … Read more
Intuitively one would associate retirement with a sign of a prosperous economy. Conversely not being able to retire or entering the workforce during the golden years would be a sign of a failed or stagnant economy. I came across some employment participation statistics today that somewhat surprised me. Since 2000, one of the largest employment … Read more
On a recent Saturday afternoon, our family did not have much planned. While thinking about an activity we could do to get out of the house, I thought it would be a good idea to see a movie. We almost never go to the movie theater, had not been in a few years, so it … Read more
One thing I can’t wrap my mind around is the prevalence of full coverage auto insurance. To get at the heart of the issue, we need to think about what the definition of insurance is according to Warren Buffett: The purpose of insurance is to protect you from a risk that you cannot easily aborb … Read more
I have two young boys. Historically around Christmas, our tree would be loaded up with toys. Unfortunately, it is dubious to know if these gifts are creating lasting happiness. Gifts get underutilized Last Christmas I bought several Lego sets for my boys. They seem to really like Lego toys. What is the problem? In today’s … Read more
We live in crazy times. One of the observations I’ve made in my city is the huge number of storage units rapidly being built. Which begs the question: Why are so many storage units being built? According to SpareFoot, One in 11 Americans pays an average of $91.14 per month to use self-storage. Self-storage has seen … Read more
I’d like to share with you an idea that could save you $10,000 or even $100,000 by the time you retire. I have spent many years researching personal finance and one of the most under-rated retirement accounts is the Health Savings Account (HSA). It took me several years to learn that an HSA plan is … Read more