The whole “debt is dumb” crowd is amusing… especially when they rage against anyone who dares to defy their logic. I also find the modern financial planning advice equally amusing in that it assumes restricting access to your savings is good for you and will help you save more money. For example, conventional financial planning […]
My barbell method of financial planning
Monday, as I was finishing my workout and unloading the barbell, I noticed something interesting. I had accidentally unloaded the bar unevenly on the squat rack. So here’s this steel bar sitting horizontally on 2 hooks about four-and-a-half or so feet up off the ground… with 100+ lbs loaded on one side and nothing on […]
Who wins in a fight: whole life insurance vs investing?
Sitting used to be the new smoking. Then everyone bought standing desks. Now, standing is the new smoking. Turns out movement is the key. It’s not about standing or sitting. Which is too bad. I made this nifty standing desk many moons ago and when I learnt of the news, I ditched it and went […]
Dear Dave: Do I Own My 401(k)?
Years ago, Yours Gluteny worked for someone else. My employer offered me a 401(k) plan. I was 20 at the time, and didn’t really understand the value of retirement planning. I DID save money, just not for the long-term. Anywho, when dot com crash happened, I was convinced I had made the right move to […]
Why most people are not better than average investors
Back in high school, I was a singer. I was a really good singer. How do I know? Because I was judged, professionally, by professional singing judges who measured my singing ability against a known working pitch pipe. I also had developed the skill of assessing my own singing ability and had demonstrated my ability […]