Trading Sardines And The Hubris Of Investing Success

What’s that?  Another new all-time high?  Lately, investors have been cheering plenty of new all-time stock market highs. With the S&P 500 rising 22% year-to-date, they would seem to have plenty to cheer about.  It’s been a very good year for stock investors.

In fact, the last decade has seen nothing but new highs every few months.  Regular as clockwork.  It’s hard NOT to feel good about the returns…

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Rethinking Old Expenses (The Phone-less Experiment)

The Tako family had a rough day on Tuesday.  We lost a soldier in our battle against household spending.   After six long years of faithful service my cell-phone died on Tuesday morning.  It did so with very inconvenient timing.  I use my phone as an alarm clock, and that means when the phone died my morning alarm did not go off.

Yeah, I know — first world problem.

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The Richest Person In The Graveyard

When most young men and women start out in the workplace, they typically start at the bottom.  The very bottom.  Scrubbing toilets, cleaning floors, and taking on the most tedious boring work.  They usually do the all the menial jobs that their more experienced elders wouldn’t touch with a 10-foot pole.

These junior workers are (of course) loaded down with student debt, and own very little in the way of assets…

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The Paradox Of Thrift And The Wonders Of Consumption

If you spend any time around the personal finance “blog-o-sphere”, you’re bound to encounter dozens if not hundreds of articles extolling the virtues of spending less and saving more.  You’re also likely to have heard the message that “anybody can reach Financial Independence” if they really put their mind to it and save 50% or more of their income.

Lately though, I’ve started to change my mind about some of these core messages…

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What’s On My Reading List?

Do you keep a summer reading list?  Bill Gates sure does.  Every spring he publishes his summer reading list for the world to see.  I usually take a look at it every year to see if there’s some books that interest me.

Like Gates, I’m a big believer in reading and continuous self education.  Whether you’re a billionaire or a mere millionaire, reading is one of the most important ways any human can learn and grow…

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