Monthly Archives: August 2011

Social Security Is Not A Ponzi Scheme. Quit Calling It That.

You’ve probably heard it before, the old “social security is a Ponzi scheme” canard.  It sounds good on the face of it, but is Social Security really a Ponzi scheme?  Let’s think about it. According to the SEC a Ponzi … Continue reading

Posted in Investments | Tagged , ,

My #1 Trick for Overcoming Frugal Fatigue

Earlier this spring “frugal fatigue” was in vogue.  What is frugal fatigue?  Just like it sounds, it’s when people who are accustomed to a higher standard of living become tired of denying themselves purchases they ordinarily would’ve made.  These poor … Continue reading

Posted in Spending | Tagged , , ,

Strategic Default on Credit Cards?

So, I found this charming comment while browsing consumerist.com the other day.  It’s a real conversation starter.  What do you think?  My opinion is at the end. “…I am in some severe debt. I had been a perennial student/graduate student/post … Continue reading

Posted in Credit | Tagged , , , , , ,

How Can The Poor Have So Many Amenities? Part 3

For the past two days, we been looking at The Heritage Foundation’s recent report: “Air Conditioning, Cable TV, and an Xbox: What is Poverty in the United States Today?”  Here’s where I take a minute to talk about the strange … Continue reading

Posted in Current Events, Financial Planning, Spending | Tagged ,

How Can The Poor Have So Many Amenities? Part 2

Yesterday we took a look at The Heritage Foundation’s recent report: “Air Conditioning, Cable TV, and an Xbox: What is Poverty in the United States Today?”  We found that the authors think that the “allegedly” poor enjoy a better lifestyle … Continue reading

Posted in Current Events, Financial Planning, Spending | Tagged ,

How Can The Poor Have So Many Amenities? Part 1

The Heritage Foundation has released a study titled “Air Conditioning, Cable TV, and an Xbox: What is Poverty in the United States Today?”  Let’s take a look at some of this report and take a moment to think about poverty … Continue reading

Posted in Current Events, Financial Planning, Spending | Tagged ,

A Multitude Of Stock Market Averages

When you hear something like “the average annual return of the stock market since 1926, which is very near 12 percent annually when adjusted for inflation,” just what does that mean?  You may think an average is an average, but … Continue reading

Posted in Financial Planning, Investments | Tagged , , , , , | 1 Comment

Compounding to Crazy Land

So you read my post on How Compound Interest Works earlier, and started a little compounding project of your own, right? Right? So, you may have gone to one of those lovely compound interest calculators that festoon the internet, and … Continue reading

Posted in Financial Planning, Investments | Tagged , , ,

Dave Ramsey: In This Case, Fractally Wrong

So, you may have read a bit about Dave Ramsey before, either here or elsewhere.  Well, I just found this gem on his website.  I had to take a screenshot, just because I didn’t think you would believe me when … Continue reading

Posted in Financial Planning, Investments | Tagged , , , ,

Well Played, “The Onion.” Well Played.

Here’s a great headline from The Onion, a satirical news paper:  Visa Exposed As Massive Credit Card Scam.  Here’s a quote: “This is criminal behavior of the most vile sort,” Attorney General Eric Holder said in a press conference following … Continue reading

Posted in Goodies | Tagged

Balance Sheet Repair In Action

You may have heard of the term “Balance Sheet Repair” bandied about on the news from time to time, but what does that mean and what does it look like?  The Big Recession* has given us an excellent illustration of … Continue reading

Posted in Credit, Current Events, Financial Planning, Handy Ideas, Spending | Tagged , , ,

The iPad2 Effect – Lifestyle Inflation In Action

Hooray, I won an iPad2 the other weekend!  Alright!  Three things resulted from this: Celebration:  Yay!  I am so happy! Gloating:  Neener, neener, you didn’t win an iPad2. Lifestyle Inflation:  I could now spend buckets of money if I’m not … Continue reading

Posted in Spending | Tagged ,

Safe Minimum Savings Rate?

Ok, before we talk about safe savings rates, we need to talk about the safe withdrawal rate.  So, here’s the problem financial planners face: how much money can they safely advise a client to pull from their portfolio for retirement … Continue reading

Posted in Financial Planning, Investments | Tagged ,

Great Clothes at a Fair Price: Women’s Suits

I have the good fortune to have been raised by my mother who is tremendously knowledgeable about clothing.  How knowledgeable?  She can make clothing from her own drawings.  That’s skill.  I thought I’d pass along some of the clothes shopping … Continue reading

Posted in Spending | Tagged , | 1 Comment

Ahh, So That’s How Extreme Couponers Are So Successful: Theft

Don’t believe me?  In this story, police allege that an Arkansas woman stole 185 newspapers for their coupon inserts, and on this blotter, another woman stole the coupon inserts from the newspapers. I already had misgivings about extreme couponing, but … Continue reading

Posted in Spending | Tagged ,