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personal finance

Life Is Change (Stagnation Equals Death)

hlesbrown's picture

We humans have a morbid fascination with security. What's this all about? »more»

Group Therapy: Who is else freaking out about the financial crisis?

Wesley's picture

Everywhere I turn I see carnage. Yes it is important to have a long-term view but at some point we're human. How are people doing and what coping strategies are working/not working.

Though Not Easy In Times Like This, Spending Money on Others Makes You Happy (or at least Happier)

Wesley's picture

As the stock market endures record plummets, job losses sky rocketing, housing prices free falling and the world entering into recession, spending money on others might be the furthest thing on your find. But if you can manage to do so, it might be the surest path to a much needed happiness boost. »more»

The World's Having a Male Midlife Crisis

hlesbrown's picture

If I didn't know better (but I'm not sure that I do), I'd say the world was having a midlife crisis. Whether it's about half-way through it's life span, I don't know; but I do think that it's behaving just like a middle-aged guy. »more»

Financial Infidelity: How Money Messes Marriages

Wesley's picture

Ever been so pissed off at your partner that you took it out on them with an impulsive purchase? »more»

Raise Retirement Age Now, Say Actuaries

Wesley's picture

One attribute of increases in human longevity is that the length of time that seniors are expected to live past retirement has been increasing. Even though people are living longer (since 1940 men are now living on average five years longer), the age of customary retirement has been relatively fixed. »more»

The "Negative Inheritance" and what it means to you

Wesley's picture

Negative inheritance happens when the "the costs to children of caring for aging relatives outstrip any gifts or bequests they might receive in return." The phrase was coined by Laurence Kotlikoff, a professor at Boston University. »more»

Middle-aged and moving back home with Mom

Wesley's picture

The Los Angeles Times published story on grown children returning home to live with children and profiled several "children" in their 40's and 50's who for various reasons had moved back with their parents. The primary reasons were economic and triggered either by divorce or job loss. »more»

Book Review: "Cash Rich Retirement"

Wesley's picture

It is hard to imagine advice as timely as this, "Don’t count on home equity as your sole source of retirement income." Sentences like this led to me changing my mind about reviewing "Cash-Rich Retirement" by Jim Schlagheck. »more»

Personal Finance Quiz by Robert Kiyosaki

Wesley's picture

The publishers of "Rich Dad's Increase Your Financial IQ" by Robert Kiyosaki (reviewed here) supplied us with the following that you can use to test your financial IQ as gauged by Kisyosaki. (Answers at the end).

What’s Your Financial IQ?

1. Which of the following is not an asset?
a. Gold
b. The Corvette you bought for your 40th birthday »more»