Posted May 20, 2008 - 01:00 by Jason White
This classic fable illustrates the fundamental difference in savers and spenders. Spenders live for the moment, frittering away their earnings on things like technology gadgets, eating out, and bills they've created for nice cars, expensive homes, etc. Savers prefer to get by on less and save their additional money for a rainy day (or a sunny day).
Posted May 4, 2008 - 12:40 by Philip Brewer
In the Philippines, they're threatening life sentences for people hoarding rice. In the United States, grocers need to put limits on rice purchases just to keep their shelves stocked. Philippine traders are now afraid to fill their warehouses, for fear of being called a hoarder. Even ordinary US shoppers are worrying that buying a big bag of rice might make them a hoarder. In this climate, it's worth thinking about what hoarding actually is.
Posted February 29, 2008 - 09:24 by Philip Brewer
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.
Posted September 28, 2007 - 16:47 by Philip Brewer
What sort of investment return would it take to get you excited? You can get 5% or so on cash these days. The average return from the stock market runs in the 10%-12% range, depending on how you measure it. The fact is, though, you can pretty easily get 30% or more on investments that are not only very safe but come with built-in inflation protection.
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