Hi All,

Today’s posting is a from a video summary of Stephen Levitt‘s book Freakonomics. There are three youtube clips to the summary. I’m only posting the first one here, but you can easily find the other two on youtube.

From a scientific standpoint, I think that Levitt’s analysis have some problems, but I’m posting it anyways because its a refreshing view on current social trends. It especially addresses some topics pertaining to personal finance including the dynamics of real estate sales and why some mechanics and doctors overcharge.

Enjoy!

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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