This is a post by David Bakke, father of a young son, and contributor for Money Crashers Personal Finance, a blog focused on sharing tips on money management, investing, retirement, and more. My parents did their best to make sure that I knew the value of a dollar and how to spend my money wisely…. [Read More]
Living to 100 and Beyond: The Changes Ahead
This is the second in a series of articles on living to 100 and beyond. This post was originally published on May 26, 2010. Living to 100 and beyond… is it a dream, or is it something we can achieve in our lifetimes? Last week, I introduced the concept of living to 100 and beyond,… [Read More]
Living to 100 and Beyond: How Will It Affect Your Retirement Plans?
This is the first in a series of articles on living to 100 and beyond. This post was originally published on May 17, 2010. Ever since time immemorial, humans have been born, they age, and one day, they die. Each of us is blessed with only a few short decades of youth; it’s all downhill… [Read More]
Getting Screwed Out of Your Hard-Earned Capital: How CDs and GICs Are Rip-Offs for Long-term Investing
Is there such a thing as a guaranteed rate of return? There seems to be a trend for people to “flock to safety” by buying certificates of deposit (CDs) or their Canadian equivalent, guaranteed investment certificates (GICs). There is no risk if a capital loss, at least in nominal terms. However, money is… [Read More]
How These Mental Anchors Are Seriously Holding You Back in Life
I’ve recently been thinking about why people think that self-employment is such a big risk, especially in industries where human capital is important and economies of scale tend to be less important — like professional software development, for example. What is it that makes it so risky? Is it the fact that you have to compete… [Read More]
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