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30 March 2015

Discussing Retirement with Parents: Is a Comfortable Retirement No Longer an Option?

Yesterday, I had one of the most unpleasant conversations I’ve ever had on the subject of money. I had to tell a close friend of my family that, in all likelihood, he has not saved enough money for his retirement. This is a man I’ve known since I was a kid.  The same man who […]

18 August 2010

Sovereign Debt Restructuring and The Keynesian Endpoint?

If you don’t know hedge fund manager Kyle Bass, you should. He correctly called the real estate bubble, the obfuscated delusion that housing prices could never go down in value, and subsequently, made killing off of it by betting it would eventually pop. (See David Faber’s House of Cards documentary for Bass’ monster return by […]

16 October 2009

Unsophisticated, Cold Climate, and ‘Backwoods’ States have Lower Foreclosure Rates

Being one that is easily fascinated by consumer psychology and social trends, I noticed a few interesting correlations that appears to exist in the latest round of foreclosure numbers. It would appear that foreclosure rates are substantially lower in states with a blue collar image, share a border with Canada, or have a backwoods stereotype. […]

4 August 2009

How Does Your Emergency Fund Compare to Your Confidence Fund?

Emergency funds have become a personal finance must-have in today’s environment. Their very existence is based on the premise that you will need to find convincing ways to save an extra $2500 for unexpected car repairs or an extra four months salary because you were suddenly downsized and you still need to pay the mortgage. […]

24 March 2009

Frugality Based Hyperopia: What Purchases Do You Make to Avoid Saver’s Remorse

The NY Times published a great article yesterday about “saver’s remorse” where frugal-minded people like myself find ourselves feeling like we missed out on some of life’s greater pleasures. The author goes so far as to interview consumer psychologists who cleverly refer to this condition as financial hyperopia (aka – farsightedness), where we’re looking so […]

12 March 2009

What Does Mark To Market Accounting Mean For You and Your Home’s Value?

If you’re like most people, you’ve probably heard a new financial phrase in the news called “mark-to-market accounting” and wondering just what it’s all about. Mark-to-market is really nothing but a pseudo confusing accounting practice that says you should price your goods at prices the market is willing to pay for them. Meaning, you take an asset like your home and find […]

3 March 2009

20 Reasons Why I Love the Recession

I’m one of those weird people that believe when things go horribly wrong, the opportunity to make your situation better for the long term quietly presents itself. I realize it’s not a popular thesis to propose when we’re losing thousands of jobs everyday and 8% of the American public isn’t paying their mortgage on time, but […]

23 February 2009

Living Beyond Your Means: School Bus Driver Losing Her $800,000 Home to Foreclosure

Every now and then you see one of those news stories that make you shake your head and say… What??? CNN ran an all too common story today about a family who is, sadly, about to lose their $800,000 home due to foreclosure (see video below). Such stories are becoming commonplace and subsequently losing their newsworthy appeal, but a […]

19 January 2009

Bull and Bear Markets Consistently Appear in 16 Year Supercycle Intervals

If you think the stock market doesn’t behave in consistent (possibly predictable) boom and bust economic cycles, this graphic might change your mind. Going as far back as 1886, this chart indicates that bull markets and bear markets routinely plague our economy.  Aptly named Supercycles, they come and go in a somewhat predictable pattern.  On average, they occur every […]

15 November 2008

Financial Planning 101: What To Do with Sudden or Unexpected Cash?

A friend and reader of this blog posed an interesting scenario to me this week about financial planning. One that I, or almost anyone else for that matter, would be rather shocked to see waiting for them in their email inbox prior to their ritualistic 8 AM cup of java.