Everything You Need to Know About the New Republican Tax Plan

A lot of people in the personal finance space tune out politics and recommend that their readers do the same. I don’t agree with this approach. I follow politics closely and stay up to date on policy proposals and all sorts of nerdy wonkery.

That said, when approaching topics for this blog, I make sure that every article has a takeaway that you can use to directly improve your life. That rule helps me stay focused on helping people with my writing rather than just writing about areas of my own interest. This also means I usually don’t discuss policy proposals making their way through Congress.

In the case of the current tax overhaul, I decided that it is worth discussing here. Continue reading “Everything You Need to Know About the New Republican Tax Plan”

Don’t Bank on the Mortgage Interest Deduction

Every conversation that I have had discussing the benefits of buying versus renting has eventually turned to the Mortgage Interest Deduction.

(What? Doesn’t everyone have those conversations? Just me?)

If you itemize deductions on your tax return, the Mortgage Interest Deduction allows you to deduct the interest that you pay on your mortgage from your income. This ultimately lowers your taxes and, in turn, your cost of home ownership.

This perk is often mentioned to me as a key reason for buying a home rather than renting.

There are a number of reasons why I disagree with this approach, but today I want to explore one in particular.

The Mortgage Interest Deduction could be gone soon.

Continue reading “Don’t Bank on the Mortgage Interest Deduction”

Act Like the Person You Want to Be

This is an article that I have had kicking around in my head for quite some time.

It was originally an uplifting and positive article. The context has changed, though. The world has changed.

The idea centers on a Kurt Vonnegut quote.

“We are what we pretend to be, so we must be very careful what we pretend to be.”

This is a very powerful truth. One that I firmly believe we should harness to become better people. Continue reading “Act Like the Person You Want to Be”

Hard Work Doesn’t Pay (Why I Save So Much, Part 2)

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)”

An Obligation to Work?

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?”

Make Space to Be Wrong

Last week I attended an event hosted by the news organization Vox.

The event was a two-day nerd-fest of talking about policy called Vox Conversations. The goal was to get a bunch of policymakers, organization leaders, and nerdy wonks together to talk about policy in the Trump era. Continue reading “Make Space to Be Wrong”

Politics and the Things We Can Control

Last week we talked about the Serenity Prayer and the importance of being able to let go of things that are outside of your control. Today, we’re going to talk about why this is not an excuse for tuning out politics.

It is quite popular in the personal finance community to argue that we should be disengaged from politics. That elections don’t really matter. That we shouldn’t be wasting our time investing in candidates or caring about elections.


This was an especially prevalent topic this past November. The whole world seemed to be hanging on every word out of the candidates’ mouths, and the personal finance blogosphere was having none of it.

Today I want to present a different view.

Elections matter. Government matters. Politics matters. And we need to do the things that are within our power to influence these things to the best of our ability.

Continue reading “Politics and the Things We Can Control”

Dealing with Disappointment

There has been a lot of ink spilled discussing the results of the recent presidential election here in the States. I’m going to add to it today.

You can relax, though, because I will not be talking about politics directly.

Instead, I want to talk about dealing with loss and disappointment. Continue reading “Dealing with Disappointment”