There has been a lot of talk of recession lately.
Based on historical trends, we are overdue for a recession. Add in the fact that the President of the United States is considering starting trade wars over his advisers’ objections, and it becomes even more likely, according to economists. Continue reading “Brace Yourself for the Next Recession”
Over the last couple weeks I’ve run through a lot of my philosophy behind saving and investing. I discussed that I invest at least as much as I spend every month because I want to buy options for my life, because I see the value of labor declining over time, and because I don’t want to need to start a new career path if mine gets automated out of existence.
The big question for most people at this point is: “Is it worth it?” Continue reading “Is It Worth It? (Why I Save So Much, Part 4)”
Is this guy coming for your job?
Today we’re back talking about why I save such a high percentage of my income.
Last week we talked about
buying options and how hard work is paying less and less over time.
One of the reasons that we are being paid less for our labor is the increasing reliance by companies on automation. This increased automation is a serious enough concern that it gets its own article today.
Continue reading “The Onslaught of Automation (Why I Save So Much, Part 3)”
On Tuesday I started trying to explain
why I save and invest such a high percentage of my income at such a (relatively) young age.
In that post, we spent some time exploring how a high savings rate can buy you options and can free up how you spend your time in the future. It was an optimistic and positive pitch for saving.
Today will be a bit less optimistic. And less positive. It will be about a sad truth of our modern economy.
Hard work doesn’t pay.
At least, not as much as it used to.
Continue reading “Hard Work Doesn’t Pay (Why I Save So Much, Part 2)”
I save and invest a lot. I track my spending and investing and have a goal of investing (between retirement accounts, health savings accounts, and taxable accounts) more each month than I spend. I have successfully hit this goal every month for the last three and a half years.
I recognize that this is unusual.
I have spent a good deal of time preparing taxes for folks in a pretty well-off area, and I am aware that most people don’t save like this. It is especially unusual for young people.
Continue reading “Why I Save So Much”
You may have noticed that I have a strong interest in politics. Because of this I listen to a lot of political and policy-related podcasts.
One of those podcasts recently covered a topic that I found quite relevant to the personal finance and financial independence space. Continue reading “Platinum Cards and Status Symbols”
The United States Congress has a new member this week.
After losing the race for governor of Montana in November, Greg Gianforte turned around and won a special election to fill Montana’s one seat in the House of Representatives.
Most people are talking about how he won his seat despite body slamming a reporter the night before the election.
Instead, I want to talk about his views on Social Security and retirement.
(And yes, I recognize that only a personal finance blog can be interested in retirement policies while a politician is beating up the press. But we’re all nerds here, and we’re okay with it.) Continue reading “An Obligation to Work?”
A lot of advice for succeeding involves being different. Avoiding blending in. Not following the crowd.
Just be yourself! Be weird! People will appreciate it!
And that may all be true. But it doesn’t make it easy.
Even if being different makes sense and is logical, our brains are not built for it.
We have an evolutionary need to fit in.
Continue reading “Find Your Own Tribe”
It has become a sign of success in the modern world to say that you’re busy.
Being busy signifies that you are a hard worker. You have plenty of opportunities. You are important. And everyone wants to be important!
So you will often hear “I don’t have time.”
“I’d love to have a weekend away with my family, but I don’t have time.”
“I’d love to take up skiing, but I just don’t have the time.”
“I wish I could read as much as you do, but I’m always so busy that I don’t have time.”
You do have the time, though. We all do. We’re just choosing not to use it on that particular activity.
Continue reading “You Do Have Time”
I fully anticipate a steep drop in the stock market in the near future. If I were to guess, I would say it will come in 2017, but maybe it will be next year.
overdue for a recession. Since World War 2, we’ve had a recession about every five years on average. The last one was in 2008. I’ll let you do the math on that.
We also have a president who has campaigned on
threats of trade wars and a Congress who is looking to pass an import tax this year.
So what am I doing to prepare for the upcoming dip?
Continue reading “How to Triple Your Investment Returns”