Ten years ago, Warren Buffett bet $1 million that a passive index fund would outperform a basket of actively-managed hedge funds selected by his counterpart in the wager. Buffett was right. Boring doesn’t mean mindless. Be thoughtful about where you hold your accounts, what you invest in, who you receive advice from, and how much risk you’re willing to take.
Ho ho ho: consumer spending this holiday season hit a four-year high. Good news for the economy, right? Perhaps, but at the same time revolving credit (think credit card debt) has hit an all-time high in the U.S., while food pantries are more packed than ever (including with people who have traditionally middle-class jobs).
Bill Gates reads 50 books a year. Warren Buffett reads 500 pages a day. Unsurprisingly, studies show a correlation between voracious reading and success. While I’m not quite at the pace of Gates or Buffett (though listening to audiobooks at 2x certainly helps), this year I did read about a dozen books on personal finance and healthy habits. Two stand out as must-reads for just about everyone, regardless of season of life or level of income, to transform the way you view, use and enjoy your wealth.
What’s the one thing you can do to drastically reshape your long-term financial landscape and set yourself up for financial freedom? No, not investing in Bitcoin. It’s this: live below your means.
With your turkey hangover slept off and Mariah Carey on the airwaves, the holiday season has officially kicked off. The holidays are the perfect time to evaluate your giving and consider whether you can give more to those in need—and with automated online giving it’s never been easier, right?
Becoming a parent is perhaps the biggest of all life changes: the sacrifice of free time for tummy time, a sudden expertise in infant sleep cycles and bodily functions, and a host of financial considerations. Yes, babies can be expensive, but you can keep costs manageable.