“I decided that a part of all I earned was mine to keep” ~ Richest Man in Babylon The typical view of budgeting is to figure out how much money […]

Hi Adam, I’m just starting out in my career and I think I’m ready to start investing.  I really expected Hillary to win the election. Now that it’s Trump I

The answer to this question is complicated and gets to the root of psychology and money.  If you’re about my age, probably the best thing for you to do is

Sell your extra stuff.  If your in credit card debt, sell everything you reasonably can.  There are all kinds of cognitive biases (loss aversion, the endowment effect, and post-purchase rationalization)

So, you own a car. You’ve heard that sometimes these things don’t run in perfect condition forever.  Go figure.  So how much should you budget for auto maintenance? The answer is:

You have to spend less than you earn. If you have $20,000 of student loans you have to spend $20,000 less than you earn plus an additional amount for interest.