One of the challenges with personal finance is that so much of it is focused on the future. Think about the standard prescriptions: Open an IRA. Maximize your 401(k). Save for college. Save for retirement. Build an estate plan. These are all about the future—and often the very distant future. An [...]
It’s that time of year again, when Wall Street strategists begin publishing their market forecasts for next year. If you’re wondering whether to put any stock in these glossy publications, here’s my recommendation: Think back a year to the forecasts issued at the end of 2019. Did any of them predict [...]
When I was a kid, I never liked the game Monopoly. I found it slow and uninteresting. But now, as a parent, I see its value. I’ve tried a lot of things to teach my children about money, but nothing comes close to Monopoly in its ability to convey lessons in personal finance. Sure, it helps kids [...]
Congratulations are in order for Jay and Kateri Schwandt, a Michigan couple who recently welcomed a new baby girl. This might not sound notable except that this is the Schwandt’s fifteenth child—and all of their first fourteen children are boys. In an interview, Jay Schwandt commented that he didn’t [...]
I’d like to tell you about a unique new book. How I Invest My Money is a compilation of personal money stories shared by 25 investment professionals. The book takes its title and its inspiration from a 2019 blog post by Joshua Brown, an investment advisor and widely-followed author and TV [...]
