Personal finance gurus have driven the personal finance space with cliches that have complicated how we manage and think about money. They keep on telling you that there is a “secret” to doing well financially when there isn’t any. “Not…
One of the biggest arguments that exists is the argument of what came first between the egg and the hen. In personal finance, one of the most confusing elements is the difference between saving and investing. Even though the argument…
In the past two years, I have sat down with hundreds of people to discuss their financial lives and one thing has stood out for me. For most people, more money often leads to more problems. I’ve sat down with…
If there’s one threat that investors in the frontier and emerging markets are exposed to, then it has to be the risk of currency depreciation. You may be having a high value portfolio but holding it in a currency that…
If you have kids, you may have heard them shout innocently that your neighbors have a bigger TV than you do If you are a married man, you may have heard your wife complain that the neighboring family has enrolled…
One of the main problems that many people encounter in their personal finance journeys is converting their income to their net worth. Many people do not understand the big difference between being rich and being wealthy. As Morgan Housel puts…
Not long ago, children used to be viewed as a form of wealth. As a result, men would marry many wives who would then sire a lot of children. These children would then be used as a form of labor…
Whenever I’m talking about investing in stocks to people (mostly beginners) I tend to ask them how they think they are going to make money in the stock market. The most common answer I get is this, “I will buy…
The History of Retirement In 1881, the German Chancellor, Otto Von Bismarck, in a maneuver against Marxists who were burgeoning in power and popularity, announced that anyone over 70 years old would be forced to retire and that he would…
Debt Culture Nowadays, debt has become so easily accessible that it is quickly ruining our future financial positions. Companies have reduced the old school bottlenecks that made access to loans difficult. It’s now easier to borrow money than to make…