Millennials Actually Have It Pretty Easy Saving For Retirement Compared To Previous Generations

Technically, I belong to the millennial generation (defined as those born after 1980), but I really identify more with Generation X than my fellow millennials. Let’s face it, somebody born in 1982 had a completely different cultural experience growing up than those born in 1992. I remember the days before the internet, and even when

Use This One Investing Trick And You’ll Boost Your Retirement Income Almost 30%

Wouldn’t it be incredible if there was something akin to a magic bullet when it comes to investing? Something you could do, almost mechanically, that would dramatically boost your eventual income in retirement? Well, there is! I know it sounds too good to be true, but it isn’t. Let me explain…  The One Magic Bullet

5 BS Myths About Building Wealth Everyone Thinks Are True

Public attitudes towards the wealthy these days are…unflattering. So it should come as no surprise that all manner of myths have arisen around the act of building wealth and the characteristics of those who become wealthy. Don’t be fooled, though. Were most of these myths true, rich people would be rarer than unicorns (which totally

Why “Savers Are Losers” Is The New Normal And What To Do About It

In days of yore, “I have CD’s at 3 different banks” was quite the cocktail party boast. I remember thinking my grandmother must hold accounts at every bank in the state when I was a kid. This was a big deal for two reasons.  It meant you probably had enough money to need to spread

How To Give Investment Advice (If Somebody Forces You To)

I’ve never exactly blogged anonymously, so it’s only natural people in real life have become aware of my online properties over the years. I suppose it’s also only natural that since I run a personal finance blog, they occasionally ask me for financial advice. I hate it when this happens and I usually try to

Where I’m Coming From And Who Will Most Benefit From My Advice

Previously, I surmised one of the reasons so much personal finance advice on the internet is so bad is that the experiences and situations of the author are so different from those of the reader. This often leads to advice that is either irrelevant, inappropriate, or sometimes flat-out wrong for the reader. Problem is, many readers,

Three Reasons So Much Personal Finance Advice On The Internet Sucks

The proliferation of personal finance blogs over the past decade has, in many ways, been a boon to consumers. I’d like to think I’ve helped at least a few people with my personal finance blog over the years. But for every piece of good advice out there, it seems like there are 10 pieces of horrible,

Why Correct Financial Advice Often Isn’t The Best Financial Advice

It’s nearly impossible to have a discussion about finance (or indeed, almost any topic) on the internet without getting into a shouting match over who’s advice is technically correct. The key word here is “technically,” since any financial recommendation that isn’t mathematically optimal is regarded as wrong. I suppose I can understand that point of view since

Mortgage Life Insurance Is A Rip-Off

Chances are, you were offered something called mortgage life insurance by the bank when you purchased your last home.  Even if you weren’t, you’ve probably received something in the mail telling you how much you need it.  I got probably two or three of these letters every month during my first year of home ownership

How Much To Invest In Bonds?

Try Googling “how much to invest in bonds?“. Go on, I’ll wait. By my count, there are something like 200 million results! That’s far too many for so simple an issue. Let me break it down for you. Don’t Optimize, Satisfice Photo Credit: Elliott Brown Many of us, especially the left-brained among us, like to think