Can Scrounging For Soda Pop Cans Make You A Millionaire?
#Financial Literacy #ChildrenA five year old girl named Star is brought up on a Bohemian island where the locals make their own clothes, where neither men nor women…
Can A Jaguar-Driving, High Salaried, Mansion-Dwelling Family Really Be Broke?
#Financial Literacy #MindsetI’m going to share a crazy, personal story with you. Before I read about Thomas Stanley’s studies of the wealthy, I always assumed that…
Is An Entire Generation Getting Ripped Off?
#Financial Literacy #AdvisorsMy mother-in-law bought a couple of variable annuities two years ago. They “guaranteed” her money, she was told. She could get stock market-like returns over time,…
The Joneses Just Pretend To Be Rich!
#Financial Literacy #MindsetRelax! Most of your rich-looking neighbors or the people who we think are wealthy are just pretending to be rich, according to Thomas Stanley. They drive…
05-12-09 - Harry Still Makes Actively Managed Accounts Look Bad
In August of 2008, our friend Harry kissed good-bye to the expensive financial products that his advisor sold him. With annual expense ratio fees of 2.…
Am I Smart Enough To Beat The Market Indexes?
#Financial Literacy #Andrew's MoneyI’ve devoted all sorts of time on this site to explaining why buying actively managed mutual funds is a fool’s errand. After all expenses…
Why We Won't Always Believe The Truth
#Financial LiteracyAre you among those kind-hearted people sponsoring a kid in Africa, India or Cambodia? Perhaps you’re donating small, regular sums to send somebody to school?…
Why Is Gold Such A Terrible Investment?
#Financial LiteracyThere’s an amusing bit of entertainment set up on a distant planet, where aliens observe human investing behavior in a virtual context. They have a…
How To Retire Rich--Even If You're Not - Malaysia
#Retirement #LifestyleFor many people in their 50s and 60s, their dreams of retirement have been postponed: squashed by the realities of higher living expenses, deflated investment portfolios…
How To Retire Rich--Even If You're Not - Thailand
#Retirement #LifestyleThis continues our series on how ordinary people on middle class incomes can retire more luxuriously than the millionaires in their hometowns–just by making a…