Posted April 22, 2008 - 05:12 by Philip Brewer
Personal Finance, Frugal Living, Career and Income
Early retirement is a topic I've always been interested in. The particular version of it that this book deals with--living well on less money, as a means to getting by without having to work at a regular job--is not only interesting, it's the life I'm living. Allowing for the fact that it's aimed right at my own personal sweet spot, I liked it even better than I expected. It reads like the author started following me around a year ago, figured out exactly what questions I needed answered, then carefully and thoughtfully wrote a book to answer them.
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Posted April 11, 2008 - 13:50 by Philip Brewer
Investment
When investing in things that pay an interest rate--things like CDs and bonds--it's tempting to try to get the maximum interest rate, and then to try to lock up that rate for as long as possible. There's an alternate strategy that provides good, stable returns with a lot less stress and a lot less need for predicting the future: Laddering.
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Posted February 29, 2008 - 09:24 by Philip Brewer
Investment
Talk about investments and most people think stocks, bonds, and mutual funds, plus maybe real estate and commodities like precious metals. Let's call those "financial investments." You buy them with money and you hope that they will eventually return money in the form of interest, dividends, rent, or a profit when you sell it. Financial investments are great, and everybody should have a plan for building a portfolio of them, but there are also non-financial investments, and non-financial investments can often yield a higher return.
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Posted February 11, 2008 - 01:24 by Jabulani Leffall
Personal Finance
With the use of provocative phrases such as "hard sell," "sharp-rise," "capital injection," inflation," "surge" and "double-digit growth," is it any wonder that watching real-time business news on television seems more and more akin to watching skin flicks. And oh what an empty feeling when the television goes off.
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Posted February 6, 2008 - 11:11 by Kate Luther
Personal Finance, Investment
Having balanced your budget and analyzed your risk, you're now ready to start tackling that "investing" entry on your list of new year's resolutions. But where do you start? When should you buy? How can you get the best return on your investment?If you've never heard of dollar-cost averaging, you have now and if you're wondering how it all works, then you've come to the right place.
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Posted January 24, 2008 - 00:34 by Xin Lu
Credit Cards, Consumer Affairs, Real Estate and Housing, General Tips
The Federal Reserve just cut the interest rate by 0.75% between two official meetings! This is the largest cut since 1982 and it was like an adrenaline shot to the sagging stock markets. This move means different things for different people and for some consumers it is excellent news. How could these consumers take advantage of this event?
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Posted January 6, 2008 - 06:40 by Philip Brewer
Personal Finance
You don't hear much about the rentier class any more. Perhaps that's because we all expect to be members by retirement age. Perhaps it's because even the very wealthy now all seem to work at something, if only at being a celebrity for our entertainment. Whatever the reason, I recommend that you take advantage of its modern social acceptability, and join the rentier class sooner, rather than later.
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Posted November 7, 2007 - 07:02 by Philip Brewer
Investment
This is the first Wise Bread post that I've been afraid to write. I've thought about it many times, but haven't even gotten as far as making notes until today, when I finally figured out why it was so tough: It's going to be wrong. Five years from now, there's going to be one investment that did better than any other. Every asset allocation, besides 100% that investment, will turn out to have been wrong. In the face of that, how should we go ahead and allocate our investment dollars?
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Posted September 26, 2007 - 15:10 by Nora Dunn
Personal Finance, Budgeting
My introduction to David Bach was when I saw him speak at a financial conference a few years ago. He told an interesting story about a couple who came in for a consultation with him when he first worked in personal finance. They were in their mid 50s, had two children who were fully put through college, had two properties fully paid off, and were ready to retire with over $1 million in savings. The impressive factor was that they had managed to build and sustain this comfortable financial position with a relatively small family income.
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Posted September 7, 2007 - 16:05 by Philip Brewer
Personal Finance
This is the perfect book for a Wise Bread reader. It covers just about everything we talk about here--life hacks, investing, frugality--and does it with insight and humor. (And not just a little humor. If you're at all interested in money, this book is hilarious.)
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