Tag Archives: Money

Opportunity Cost

How much does it cost to help your friend move on a Saturday?  What if you had planned to take your son to a ballgame?  What if you had planned to work overtime? There’s a cost to everything you do, … Continue reading

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Marriage and Economics

Some interesting statistics about money and marriage from The Economist: Marriage itself is “a wealth-generating institution”, according to Barbara Dafoe Whitehead and David Popenoe, who run the National Marriage Project at Rutgers University. Those who marry “till death do us … Continue reading

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If Money Doesn’t Make You Happy, You’re Not Spending It Right

This sentiment that money can’t buy happiness is lovely, popular, and almost certainly wrong: Money allows people to live longer and healthier lives, to buffer themselves against worry and harm, to have leisure time to spend with friends and family, and to control the … Continue reading

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Big Money

There’s a not-so-strange tendency for people make really poor financial decisions when there’s a lot of money involved. If you’re buying a $50,000 car that comes with 17″ aluminum wheels, but the salesman offers you the fancy 18″ chrome wheels … Continue reading

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I Could Never Make $xx,xxx,xxx…

Only 1/10th of 1% of the people in the United States have a net worth of more than five million dollars ($5,000,000). Only 1/10th of 1%?  That’s 357,000 people!  That’s more than the population of New Orleans, or Honolulu, or Cincinnati. If you … Continue reading

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Money Is Not Wealth

Imagine if you suddenly had the power to make anything you thought about appear in front of you.  *Juicy Steak*  Zap.  A sizzling, pink New York with a great crust on your kitchen table.  *Rolls Royce*  Boom.  Brand new Phantom … Continue reading

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How They Use Statistics To Scam You

I guarantee you I could pick 10 stocks that would outperform the market, each year, for the next 10 years.  How? The Dow Jones Industrial Average, or the S&P 500, or Nasdaq, are stock indexes.  A stock index is a … Continue reading

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6 Easy Steps To Get Rich Without Worry

Yesterday’s post prompted some email questions about how I handle my finances, so I figured I might as well answer them here: What’s the easiest way to get rich? Inherit Lottery See Below … … … ??? Build and sell … Continue reading

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You Too Can Retire In Your Early 30’s

There seem to be a growing number of personal finance blogs touting super early retirement (ie after around 10 years of working).  These guys are “living the dream” after “jumping off the debt-powered treadmill” and they’re preaching that you too, … Continue reading

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Now’s The Best Time To Be Poor

I don’t mean “now” in terms of the Gregorian calendar, though it’s unquestionably true that it’s better to be “poor” now than at any other time in history, but “now” in terms of whatever stage of life you’re at. If … Continue reading

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How To Set A Goal

Most people set horrible goals. Because of this, they never even get close to reaching them. “Lose 10 pounds.” “Earn $100,000 next year.” “Spend more time with my family.” If you set goals like this, you have a 0% chance … Continue reading

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Litmus Test

Does it make you happy?  Does it make you money?  If not, don’t bother. – Adam Carolla This is a great litmus test for things you’re thinking about doing and it’s especially handy when you’re angry.  It’s short, easy to … Continue reading

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Expense Account Instead of Allowance

A really touching story about a guy going to the hardware store with his young son, and realizing just how capable kids can be, followed by a fantastic comment by a Hacker News contributor: Article: http://gamesbyemail.com/WoodTape/Default.htm Comment about article: One … Continue reading

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Mo’ Money, Mo’ Problems?

I’m unabashedly pro-wealth.  I think the recognition of personal freedoms that allow capitalist systems to function has done more to benefit mankind than any other development since humans discovered how to wield fire.  That said, I’ve thought and written much … Continue reading

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More Shit Won’t Make You Happy

We often hear that having money doesn’t make you happy.  I don’t think most people really believe that though.  Maybe it has something to do with the source.  Most people that say that seem to either not be rich, or … Continue reading

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