Profitable Ideas: Whether Roth is Better Than Regular, Teaching Kids to Work With Grit and Grace, and More
Weekly roundup of some of the best personal finance articles from around the web. Roth 401(k) vs. 401(k): Which is the better option? (Of Dollars and Data). The answer might surprise you. Open a Roth IRA for your child (Getting Your Financial Ducks in a Row). I like this author’s “or worse” point in the […]
Just Passing Through
Shortly after moving from Chicago to Louisville in 2012, I was back in Chicago for a short visit. It was so good to be back in the city I love so much. I love the family and friends I have there, the architecture, the lakefront, the grittiness, character and beauty of the city, and so […]
Profitable Ideas: Popular Kids Earn More, Protecting Your Summer Vacation, and More
Weekly roundup of some of the best personal finance articles from around the web. Sigh. Popular kids earn more money as adults, new research suggests (Money). Career success isn’t just about grades. It’s about social skills. What if? (Humble Dollar). No one could have seen the pandemic coming, but there are a lot of risks […]
Which One Matters Most—Your Personal Economy or the National Economy?
Reading the CNN.com headline, it felt like déjà vu all over again. It read, “New threat to the economy: Americans are saving like it’s the 1980s.” It took me back to an article I read in the midst of the last recession. An economist was quoted as saying the thing that worried him the most […]
Profitable Ideas: When Investing Becomes Gambling, The Ripple Effect of Each Purchase, and More
Weekly roundup of some of the best personal finance articles from around the web. Some things about the markets that will never change (A Wealth of Common Sense). This year’s crazy market has attracted lots of people who are more interested in gambling than investing. What could go wrong? Lasting changes COVID could make make […]
Investing in Solutions
Like you, I’ve been shocked and saddened by the death of George Floyd and the violence that has marked many of the ensuing protests. I’ve wondered what I can do to help end racism? What should I do? While I realize it’s somewhat easy to “throw money at the problem,” I also know there is […]
Profitable Ideas: Buyer Fatigue, Unconscious Financial Competence, and More
Weekly roundup of some of the best personal finance articles from around the web. I don’t feel like buying stuff anymore (BuzzFeed). Will the pandemic reorder our spending priorities? Want to be more productive? Try doing less. (HBR). A convicting — and possibly inspiring — look at how much of a typical 40-hour work week […]
Is Another Market Crash Coming?
Since my day job involves helping people invest well, I read lots of articles about investing. Some days, that feels like an amazing gift. I get paid, in part, to learn. Other days, it feels like a job hazard. If you’re new to reading about investing, it can seem perplexing, even maddening. It is common […]
Profitable Ideas: Travel-Hungry Americans Buying ‘Covid Campers,’ Minimalism’s Many Benefits, and More
Weekly roundup of some of the best personal finance articles from around the web. Scared Americans desperate to travel are buying up “Covid Camper” (MSN). One more way the pandemic is changing our behavior and introducing new words and phrases. We paid off our mortgage in 7 years — here’s why (Live Your Wage). “Good […]
An Uncommon But Brilliant Money Move for Young Couples
As my wife and I approach our 21st anniversary, my mind isn’t just on financial matters, but the occasion did lead me to reflect recently on the best financial advice we received before we got married. It came from the pastor who led us through some pre-marital counseling. What to do with a second income When a […]