I sent an e-mail to a friend from the Lions Club to update my mailing list information. He saw the e-mail address and asked if it was my site, I said yes, and he asked me: “So when are you going to quit that job and live off your internet riches?” To which I responded: … Read more
For the health coverage, that is. Flexo posted on the rising costs of health care in retirement and the numbers are sobering. For people 30 years from retirement (about like myself) the average costs will be about a million dollars for a 20-year retirement! At the Board of Directors meeting of our Credit Union (I’m … Read more
The venerable Liz Pulliam Weston talks about 10 Easy Ways to Stash Away Thousands. She makes the point that these ten easy ways are gimmicks: Pad your accounts by writing a check to yourself, but not cashing it. Cull your bills — take out all of the fives, tens, twos, whatever, and put them in … Read more
This isn’t a typical wealth-building book. Most (good) books on wealth-building (like The Automatic Millionaire or The Millionaire Next Door) will advocate spending less than you earn and investing the difference from a young age. This is tried-and-true advice, and many of the people who follow this advice are comfortably well-off. I certainly recommend these … Read more
Financial Freedumb isn’t dumb at all for wanting to quit smoking. Among the obvious health benefits, FF is doing it to save money. At $2.25 a day, this is over $800 a year. Classic Latté Factorâ„¢! In addition, after enough time of being smoke-free, it’s possible to get lower rates on life insurance and personal … Read more
All Things Financial got hold of an MSNBC article entitled What if we all paid off our credit cards? The scenario is that everyone pays off their outstanding credit card balances all at once, and doesn’t take on new credit card debt. A saving tsunami, if you will. OK, now that you’ve stopped laughing, what … Read more
The most visited posts on this blog are the ones about Douglas Andrew’s Missed Fortune 101. The main one is here. I still get comments every once in a while on this post. In case you haven’t read the book, the crux of Mr. Andrew’s way to riches (very boiled down) is to borrow from … Read more
Liz Pulliam Weston reports on 7 Hot 401(k) Trends that work to give the relatively mature tax-advantaged retirement account system more credibility. The seven points, with my take mixed in: Making retirement saving automatic. As in automatic participation for qualified employees; non-participation was a surprisingly high percentage of qualified employees (almost 30%). This is amazing … Read more