"Waste no more time arguing what a good man should be. Be one." –Marcus Aurelius
A lot of Americans don’t have any savings, and many more don’t have any real investments. Remember, your home is never an investment <link>. But if you’ve been working to gain financial literacy and turn your situation around, you might start to have savings. And you might then start to wonder, how should I invest…
Let’s talk insurance again – this time, life insurance. How does it work, and who should have it? Life insurance is, of course, something you get because you are betting that you will die soon (or your wife wants to make that bet…). Just kidding. It is still based on life and death. Like all…
Having discussed health and disability coverage, let’s move on to long-term care insurance and who needs it. Long-term care, or LTC, coverage is not exactly medical insurance. It doesn’t pay for medications, surgery, or doctor’s visits. What it does pay is for the cost of aid you need with daily living. Basically this means nursing…
‘Net worth‘ is a concept that most of us have heard of even if we don’t know anything about finance. I’ll suggest that everyone should know their net worth because it’s a useful benchmark for financial health viewed as a single number. If you aren’t into personal finance, you probably have heard it used to…
First, let’s imagine that investments, inflation, etc. are not a thing and all you do is stuff money in your mattress. What if you had the life you wanted and still had a 50% savings rate? That would mean for every year you work, you could take one year off. That could mean working…