As featured in The Wall Street Journal, Money Magazine, and more!

October 2009

Learning and Saving

by Jeff

There are a lot of things in the world I know nothing about. Not knowing about something can be very expensive. Allow me to illustrate… The brake light came on in our car a couple of weeks ago, and we started looking around at different places we could have them checked. We were a bit […]

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How is Your 401(k) Retirement Account Performing?

by Luke Landes

I’ve been investing in a 401(k) retirement account since I joined the ranks of the corporate employed seven years ago. I started with a small percentage of my income, just enough to take advantage of the full company match. As my income increased, I diverted a larger percentage to the 401(k) with the hopes of […]

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How to Prepare for the Demise of the Dollar

by Luke Landes

Since the middle of the twentieth century, the U.S. dollar has been the currency that has dominated the world. Governments have held dollars in reserve, and borrowed dollars when necessary, because this currency can buy just about anything, anywhere. In particular, dollars can easily buy oil, a commodity currently necessary for the progress of developed […]

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The Pareto Principle: When to Apply, When to Ignore

by Luke Landes

In the late nineteenth century, an economist named Vilfredo Pareto noticed that 80 percent of the land in Italy was owned by 20 percent of the population. About a half century later, a management consultant named Joseph Juran discovered Paerto’s observation and developed the concept of “the vital few and the trivial many,” and used what came […]

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Podcast 24: Unconventional Path to Becoming a Millionaire

by Luke Landes

Our guest on today’s podcast is Jen Smith, the “Millionaire Mommy Next Door.” By age 40, Jen had become a self-made millionaire and she and her husband are now financially independent, stay-at-home parents. In our interview, Jen describes her path from minimum-wage jobs to financial freedom. Jen has appeared on The Montel Show and shares […]

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Personal Balance Sheet, September 2009

by Luke Landes

Now that I am working with an accountant, I have been making some changes to the way I track my finances. By the end of the year, I hope to have all of my business-related finances in QuickBooks. Although I am not quite at that point, I am working to separate my personal finances from […]

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Is It Possible to Save Too Much Money?

by Luke Landes

For most humans, life is much shorter than we would like, and for many of us saving even ten percent of our income will never result in a state of wealth within our lifetime. There are too many forces working against this endeavor: a lack of sufficient opportunity, inflation, and unplanned events to name a […]

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Changes in Estate Tax Law Affect When People Die

by Luke Landes

Between March 1917 and January 1984, there have been thirteen major changes in the rules for the estate tax, a tax paid by heirs for wealth inherited. Of these thirteen changes, eight were tax increases and five were tax decreases. In 2001, A study by the University of British Columbia and the University of Michigan […]

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Be Financially Proactive

by Jeff

Before I got married, I was never really vocal about problems I had with companies. If the food I ordered at a restaurant was the wrong order, I usually wouldn’t say anything. If I had extra fees in my checking account at the end of the month, I’d chalk it up to coincidence and think […]

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