The price of gold has recently been shooting through the roof. As of the time of this writing gold is hovering near $1870. It seems like only a short while ago when I was wondering if $1500 was near. What’s going on with the price of gold? Is this the beginning of a mania phase… [Read More]
How Much Should I Save, and Why?
Me: Baby, how much should I save, and why? Her: How much? A lot. Why? To make me happy. We each have our own reasons for saving… what are yours? How much should I save, and why? Before we can answer this question, we need to ask another question: What is my time preference? In… [Read More]
Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School
Is it possible to become a millionaire, on a teacher’s salary? Teacher and author Andrew Hallam seems to think so, and he shares his lessons in his upcoming book “Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School“. I have always enjoyed reading Andrew’s personal finance and investing advice on his… [Read More]
Three Reasons Why I Squirrel Away My Money
A long time ago, far, far, away…. I began this blog by The Richest Man in Babylon.” This book contains many simple, yet valuable nuggets of financial wisdom, such as the need to squirrel away at least 10% of one’s net worth. At this stage in my life, I actually feel this is far too… [Read More]
Future Imperfect: How to Prepare for an Uncertain Future
Sometimes I look back on the changes of the first half of the 20th century, and I try to put myself in the shoes of someone growing up in that time and imagine what it must have been like to experience life in that period. I think back to 100 years ago, which is really… [Read More]
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