From the category archives:
It’s bad enough to initially depend on just one source of income, but it’s even worse to not invest it or diversify it such that you protect it over time. In other words, there is more than one way to diversify your income.
(1) You can diversify your sources of income so that you have, say, [...]
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Have a problem with too many leftover coins (yeah, you could have worse problems)? Too lazy to roll up your coins and deposit them in a bank account? Or do you toss aside your coins because they’re so heavy to carry around, and then find yourself breaking bills all the time just to get a [...]
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Renting may be generally cheaper than owning (no property taxes, no huge closing fees or major renovation costs), but that doesn’t mean there aren’t costs associated with it. In particular, you probably spend more than you think each time you move to a new apartment on a new lease.
How To Decide Whether It’s Time to [...]
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Is diversification dead? It largely failed us in the 2008-2009 financial crisis, but if you held on for the long haul it did breathe life back into your portfolio on the way back up.
A perennial question is how much diversification is enough? If you’re invested in mutual funds and ETFs, these are by definition already [...]
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Everyone knows that saving time and money (or being more efficient and effective with your time and money, if you will) is a key barometer of having control over your life (call it success, or productivity, or whichever you prefer). Life is a string of time and money yields the string of options and actions [...]
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I’ve been an individual stock investor for almost a decade now (starting out very small, while still an undergrad), but it’s taken me some time to revise my methods and learn what’s most important in terms of record keeping. When I first started out, all I cared about was the excitement of the purchase itself [...]
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