When I was a young and stoopid 20-something, I lived life by the seat of my britches. I saved some money but not a lot and it was never consistent. There were also times when that savings ran dry, which eventually bit me in the arse because I hadn’t established a habit of regular saving. […]
Financial lessons from one of my favorite stories
One of my favorite stories is Les Miserables by Victor Hugo. Some valuable lessons contained within that story too, despite it being mere fiction. Here’s what I mean: Near the beginning of the story, you learn about this man, Jean Valjean. He is imprisoned for 5 years for stealing a loaf of bread to feed […]
Drunken fist kung-fu savings
Back when I was a tweenager, I started taking Karate lessons. I never got that good at it until I met this guy Jim, who helped me figure out how to defend myself as a 130lb weakling. Anyway, at the time, there were a bunch of bigger guys in the dojo, all of whom could […]
My favorite YouTube mechanic’s financial advice
One of my favorite YouTube channels is Scotty Kilmer’s car channel. He’s this crazy (like a fox) mechanic who gives advice and answers viewer questions about buying and repairing vehicles. Guy is also ridiculously entertaining (or ridiculously annoying, if you’re my wife) and keeps a “live free or die” sign above his garage door if […]
Why the Infinite Banking Concept is so misunderstood
Following up on yesterday’s email, I keep getting questions about “infinite banking,” “bank on yourself,” and other similar strategies involving whole life insurance. I don’t talk about this much, but about 15 years ago, I actually spoke with Nelson Nash on the phone. Nash is, of course, the creator of The Infinite Banking Concept. Back […]