How Much Money

I ran into this article How Much Money Does It Take to Be Happy?, and though I saw some helpful things, it missed one thing: savings. I believe a person should master the skills of frugality to live comfortably with minimal expenditure of money and resources. Mr. Money Mustache does a good job of advocating frugality, though I’m not as strict about it as he is. It is just flat out stupid to be wasteful of any kind of resources. »

Quantum Portfolio Management

Quantum Mechanics is spooky, but it’s real. It does things that are counter to common sense. For instance, a single bit of light, a photon, is both a wave and a particle. Quantum systems can exist in a state called “superposition.” Quantum computers are built using things called “qubits” that simultaneously zero and one while they are in this state. When you observe the qubit, it collapses into a zero or a one. »

It's Part of the Plan

I’ve commented elsewhere about the similarities between weight-loss and wealth-building. Both require “minding the gap” between in and out to make sure you’re consuming less calories and/or spending less money than necessary to achieve your goal. This differs from a marathon in that there is no finish line. What you do must be sustainable. Thus this morning I was watching a video by Dr. Caryn Zinn “…On Fat and Fasting” wherein she enumerates rules for eating. »

The Sky Is Falling

Yesterday I heard a “financial expert” on the radio talking about the recent drop in equity prices. She said, “If you have any big expenses coming up in the next year or two–a tuition payment or something–that money does not belong in the stock market.” What a shining light of financial wisdom in the darkess. Lady, why didn’t you say this last month? Thank you, Captain Obvious. Here’s why I got smarter about finance after I quit paying attention to people like her. »

Appearance of Wealth

If you haven’t read The Millionaire Next Door, by Dr. Thomas Stanley & Dr. Willian Danko, you’re missing a treat. The first thing I recall about this book is his characterization of millionaires in reality. In contrast I remember watching The Apprentice and seeing Donard Trump drive up to his house–a really sweet house–in a really sweet Mercedes Benz convertible. You may think this is what a typical millionaire lives like. »