Many restaurants are in very serious danger of not making it to December. Every dollar you can spend matters.
Investment returns are driven by basic economic fundamentals: corporate earnings, economic growth, interest rates and many factors outside the control of any particular administration.
The pandemic is not over yet, nor is the economic fallout, but I do believe Americans’ financial sensibility could conceivably shift in a healthier direction.
The three-day, $2-to-$60 rocket-ship ride for KODK speculators proved to be short-lived.
It’s easy to dismiss financial mistakes with the old, “It made sense at the time.” But here’s the thing; a lot of times, those decisions didn’t actually make sense at the time.
The retirement savings crisis has been growing for several years. The COVID-19 pandemic is accelerating the impact.
Following my first two rules will create an inordinate amount of stress if he were to earn at or below living wage, even if he is living with you and eliminating most of his living expenses.
Your financial future will depend far more on how much you save and invest than on who wins the election.
In addition to my business review, I am taking the time to look at where I am personally.
There’s something incredibly practical about putting money into your home, in the right places. The key is to not get carried away by convincing yourself every dollar spent is wise or even an investment.
Much of the time, investors are rational and the stock market is understandable and makes intuitive sense, But when fear or greed takes hold of the steering wheel, anything can happen.
Proper financial planning does not require additional work. It requires timelier work.
We all have varying levels of human capital, and our mindset determines how we use and enhance that capital.
You can’t change your mistake. That ship has sailed. But you can resolve to never do it again.
Self-sufficiency can turn instability into stability by leveraging an abundance of time to save money.
In economics, there are only three ways to produce income—land, labor and capital. If you want to stop laboring [retire, reach financial independence, whatever], you need to acquire the other two.
If you’re going to sacrifice your current retirement plan to save your business, you’d better make sure your business is your retirement plan.
Passively “managed” products can be fine, as long as they are just following prices in whatever market they are tracking. However, if they become big enough that they become the market and are the one setting prices, it’s dangerous.
The reality is, a financial crisis was destined to strike your household at some point.
Tricksters abound in times of crisis. They are opportunistic and clever. As the COVID-19 outbreak advances, so do their efforts.