I challenge the conventional wisdom that you should wait until age 70 to claim Social Security benefits in order to get the most out of it. According to US News, the average monthly Social Security benefit as of 2022 is … Read More … Read More
I discuss a skit from Square One Television involving a doubling allowance to show how our brains can’t grasp how compound interest works. There are some random things that stick in a kid’s brain. I remember a movie called The … Read More … Read More
I had a little fun with our fictitious shopping trip on the luxury eBay. While I enjoy toys as much as anyone, I think the desire for ultra-rich luxuries seems less about desire for luxuries and more of a need … Read More … Read More
WARNING: This post contains math. (But you knew this with a title like that.) How long will it take an investment to double? It’s a good question. And while doubling itself isn’t the most important aspect of an investment, it’s a … Read More … Read More
WARNING: This post contains math. I love math. You know this. I think math is one of our world’s ways of expressing beauty. To me, there are few things more pleasing to the eye than a elegant mathematical statement. (People … Read More … Read More
WARNING: This post contains math. How much float do you need? Well, optimally you’d have enough float such that you could cover your entire month’s expenses on day 1, just to be safe. But in general you want to have … Read More … Read More
WARNING: This post contains math. Last time, when I talked about saving for retirement, I mentioned that I put away at least 15% of my income away in retirement. It occurred to me that some readers may feel like I’ve … Read More … Read More
WARNING: This post contains math. “When you have a mortgage, you get a tax deduction for all the mortgage interest you pay. So you shouldn’t pay down your mortgage early, because you’ll lose the tax deduction.” This is one of the … Read More … Read More
WARNING: This post contains math. This is one of those posts that is a challenge to write. Since everyone is in different places and with different levels of financial literacy, I can’t expect everyone to have the same level … Read More … Read More
WARNING: This post contains math. My car was hit the other day. We got a freak snow storm here in normally-rainy Portland, and people do not know how to handle driving in this weather. (To be fair, Oregon doesn’t salt … Read More … Read More
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