If you’re like me, chances are you are not part of the elite. Like 75% of college students, you may have gone to public school. For various lengths of time, you may have been underemployed or unemployed. Further, you definitely didn’t come from a rich f ...
You Don’t Have To Be Alone
For the first year in retirement, I murmured this phrase over and over again, “I’m bored.” After regularly working 60 hours a week and interacting with clients, I suddenly had too much time on my hands. Instead of being bored, maybe what I really felt wa ...
2023 Wall Street Forecasts For The S&P 500: Huge Dispersion
Below are the newest 2023 Wall Street S&P 500 forecasts. The S&P 500 price targets range from 3,675 to 4,500. This implies returns of between -7.5% and +13% from the Dec 8, 2022 close of 3,963. The key risks to the S&P 500’s performance include earnin ...
Life Insurance Demand Quantifies The Anxiety Of Death
One thing that made the pandemic especially hard was constantly feeling the anxiety of death. It’s one thing to worry about your own health and safety. It’s another thing to also have to worry about the health and safety of your little ones and elderly p ...
How I’d Invest $250,000 Cash In Today’s Bear Market
Let’s say you’ve currently got a good amount of cash to invest. With the global financial recession building, opportunities are piling up. However, things could get worse in this bear market given we’re only nine months in. How would you invest it? 20 ...
A Love-Hate Relationship With Owning Rental Property Real Estate
I have a love-hate relationship with owning rental property. On the one hand, my rental properties are one of the main reason why I had the confidence to leave work behind. On the other hand, my rental properties are my main source of investment stre ...
Consider Going To Jail For Money
Since 2012, I’ve been arguing that freedom is priceless. After giving up a healthy income and my career for more freedom, how could it not be? But maybe I’ve just been telling a lie to make myself feel better about not being richer! We lie to ourselv ...
Your Outsized Wealth Is Mostly Due To Luck: Be Thankful!
Are you confusing your good fortune due to your own skill rather than due to luck? I’m here to argue that above average wealth is mostly due to luck. Therefore, stop deluding yourself into thinking you’re so great! As President Obama said in a July 1 ...
A Phone Call That Changed My Life For Good
Happy Thanksgiving everyone! Despite the pandemic and a bear market making things difficult for so many, there is still so much to be thankful for. We need to all be thankful for the luck we’ve had so far. Personally, I’m thankful for luck. The more ...
Being A Professor Is The Ideal Occupation For Riches And Status
There are very few occupations that provide the ideal combination of riches and status. Being a professor is one of them. Tenured professors are able to make six-figure incomes. Getting a PhD or a post-doctorate is the pinnacle of academic achievemen ...