Essays

My Real Net Worth

Every month, I spend some time on a personal finance statement. I’m careful to include the current balances on all of my debts and assets, then I add up the assets, subtract the debts off the top, and wind up with a number that, in one single value, represents my financial standing in the world.… Read More My Real Net Worth

Essays

Saving for College or Saving for Retirement: What’s Best for Us?

This past weekend, my wife and I were watching Clark Howard’s show on Headline News. During the program, Clark stated a canard that I’ve heard several times from personal finance “gurus” over the past couple years: instead of saving for a child’s college education, parents are better off saving for their own retirement. Clark’s main… Read More Saving for College or Saving for Retirement: What’s Best for Us?

Essays

The Money Trade

If I had to point to one idea that really shook my financial thinking and showed me the value of turning my finances around, it was the concept of exchanging my life’s energy for money, as explained in the wonderful book Your Money or Your Life. The idea is actually pretty simple on the surface.… Read More The Money Trade

Essays

Reader Mailbag: Fine China

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Mortgage question 2. Old papers 3. Renting from parents and insurance 4. Skill diversification 5. Willpower struggles 6. Space for useful stuff 7. Mortgage recasting 8.… Read More Reader Mailbag: Fine China

Essays

Review: The One-Life Solution

Every other Sunday, The Simple Dollar reviews a personal productivity, personal development, or entrepreneurship book. A few weeks ago, I went out to breakfast with a big group. Most of us were engaged in great conversations about blogging and, frankly, Iowa media gossip, but a few people were pretty noticeably withdrawn from the discussion. They… Read More Review: The One-Life Solution