For those who keep score — namely, the financial news media — last Thursday marked a milestone: For the first time in a long time, Bill Gates was no longer the richest person in the world. Instead, that distinction went to Jeff Bezos, the founder of Amazon. This probably doesn't come as any [...]
From Wimbledon to the broom closet to bankruptcy
Sometimes the most surreal things happen. For example, anyone who remembers the 1980s tennis prodigy Boris Becker may be shocked to learn that last month, in a London courtroom, Becker was declared bankrupt. After winning Wimbledon and countless other tournaments, Becker's personal fortune was [...]
Charlie’s story
Statistics are just statistics until you meet someone who is one of those statistics. And that's when you really understand an issue. Recently I met a fellow — I'll call him Charlie — who told me a heartbreaking story about his daughter and new son-in-law. I share their story because their [...]
Social Security: tall tales and facts
When you were growing up, did you ever hear stories like this? "If you swallow gum, it will stay in your stomach for seven years." "If you keep making that face, it will freeze that way." "If you drink coffee, it will stunt your growth." "If you watch too much TV, your eyes will turn square." In [...]
America’s first personal finance expert
WITH THE FOURTH OF JULY JUST AROUND THE CORNER, I thought it would be appropriate to revisit the wisdom of America's first personal finance author — and an author of the Declaration of Independence — Ben Franklin. Franklin lived in the 1700s, but it turns out that virtually everything he had to say [...]
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