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A Report Card for Financial Rules of Thumb

by Flexo on September 23, 2009. Personal Finance 21 comments.

I’m not a big fan of “rules of thumb.” These are bite-sized nuggets of wisdom masquerading as advice, designed to apply to a mass audience. At best, they cant point someone in the right direction, but at worst, rules of thumb can erroneously send people on the wrong path or can mistakenly instill a false ... Continue reading this article…

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Pay to Be a Financial Expert on Television

by Flexo on October 13, 2008. Financial Advice and Advisers 8 comments.

Last week, I had doubts about the advice provided by a so-called financial expert on the local prime-time network news program. Offering advice in public is a difficult task to do well. You have to appeal to your audience by suggesting solutions appropriate for the bulk of the listeners, a group that can ... Continue reading this article…

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Dave Ramsey’s Baby Steps

by Flexo on August 25, 2008. Financial Advice and Advisers 19 comments.

I’ve done a good job of sharing my disdain for Dave Ramsey’s popularization of a method of getting out of debt that caters to unmotivated individuals, the “Debt Snowball” method. That doesn’t mean I don’t agree with his principles or his intentions. I just think he, as one of the most popular “gurus” in personal ... Continue reading this article…

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