Here is a speech from the late Nobel Prize winning economist Milton Friedmann. Its an excellent explanation of the root causes of inflation, its effects on your income, and what can be done to combat it. This is important today as inflation is starting to reemerge (clicky). If you're interested in understanding personal finance, you should probably develop at least … [Read more...] about Understanding Inflation
Milton Friedman on Spending Money
Here is a brief, but insightful video on spending money by Milton Friedman. Since Friedman was one of America's most famous economists, so its worth taking a bit of time to look at. His thoughts on spending money have some political implications, but at 1.46 run length its worth a watch for the loads of common sense it contains. … [Read more...] about Milton Friedman on Spending Money
How Teachers Can Budget for the Summer
I was a teacher for 10 years. While I certainly enjoyed having the summer off, I didn’t enjoy not getting paid in the summer. Eventually, my employer allowed me to choose between receiving 21 or 26 paychecks a year, but not all teachers have that option. However, there are ways teachers can budget for the summer if they're only paid during the months they work. Using these … [Read more...] about How Teachers Can Budget for the Summer
Key Differences That Build Wealth – Poor Versus Rich
I drive around rural Oregon at lot these days. I live in Portland, and commute on a semi-regular basis to the Oregon coast. It's interesting going from the relatively affluent Portland suburbs to the poorer rural parts of the state. It usually has me wondering what it means to be poor versus rich. So, for this article I did some research and came up with an answer. One … [Read more...] about Key Differences That Build Wealth – Poor Versus Rich
Wow…Market Insanity
The economy and markets have been on a crazy tear these days. Think about whats happening. The Yolo Economy - You no longer need to be in a specific geographic location to have a job. = > here. Magic internet money has increased in value by 12,000%. A new Jersey deli with a single location is listed at over $100 million. Digital crowds can now manipulate … [Read more...] about Wow…Market Insanity
Things To Know Before Investing in Oil Wells
Are you considering investing in oil wells? The oil industry has long been fickle. Some years you may double your income from a stock, and other years, you may face significant losses. In some ways, investing in oil stocks can feel like gambling. Having said that, people continue to invest in oil wells because the rewards can be so enticing. However, before you invest your … [Read more...] about Things To Know Before Investing in Oil Wells
My LoadTeam Review: Don’t Bother
Hello Dinks Readers, Here is another posting for those interested in passive income. One of my goals for 2021 is to build more passive income. So, I've been experimenting with ways that I can build income without trading my time for dollars. Some of these are working pretty well, some of them are a bit more experimental. This article is a Loadteam review, which is a … [Read more...] about My LoadTeam Review: Don’t Bother
Streitwise Works
Whenever you make a new investment you never really know it will pan out. A few months ago, I bought about 100 shares of a closely held REIT - Streitwise. And...I got my first dividend check earlier this month. It's a modest payment. Fifteen dollars and ninety five cents. But hey, $15.96 is better than nothing. Its always nice when your investments actually send you … [Read more...] about Streitwise Works
Streams of Income Of The Wealthy
This posting is for readers who want some solid data on which streams of income the wealthy actually have. This is a non-trivial question because if you're building wealth, you'll want to see whats been done successfully in the past. And, most articles on this topic rely less on fact and more on speculation and anecdotes. So, what streams of income do the wealthy actually … [Read more...] about Streams of Income Of The Wealthy
3 Financial Mistakes DINKS Make
As DINKS, you may find yourself in a better financial position than many of your friends and family. After all, you have no children, which can be a huge money saver. The USDA estimates that “a family will spend approximately $12,980 annually per child in a middle-income ($59,200-$107,400), two-child, married-couple family.” In addition to not having children, you will also … [Read more...] about 3 Financial Mistakes DINKS Make
