risk

Things to insure, things not to insure

Posted June 6, 2008 - 03:16 by Philip Brewer

Personal Finance

Dentist extracting tooth circa 1943

Insurance is all about spreading the risk. A bunch of people buy insurance against the risk that a few of them will be the ones who get hit with a big bill that they couldn't pay. The model works fine for house fires and car crashes. However, it's a terrible model for ordinary, predictable expenses. Here's some tips on picking what to insure and what not to insure.

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If you're so smart, why aren't you rich?

Posted March 21, 2008 - 11:01 by Philip Brewer

Personal Finance, Frugal Living

Smart but not rich

You don't hear it much any more, but for a long time, "If you're so smart, why aren't you rich" was a pretty effective line for the average Joe when dealing with somebody who was smarter than him.  The expression has kind of fallen out of fashion lately.  Nowadays, there are too many rich smart people.

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