Our generation might have grown up in an era of relative opulence, but as I make use of a closet full of second-hand baby clothes and a hand-me-down crib, I can’t help but feel lucky that we had the chance to learn some of that old-school frugality. ~ Kimberly Palmer Today’s opening quote comes from…
Synchronized markets warp perception and force politicians and investors alike into historic errors – but eventually collapse under their own contradictions. ~ John Authers John Authers, investment columnist for the Financial Times, explains why so many market orthodoxies were smashed during the financial crisis in The Fearful Rise of Markets: Global Bubbles, Synchronized Meltdowns, and…
Saving for your child’s education will likely improve the odds that she will participate in post-secondary education by diminishing financial barriers and building a financial nest egg. ~ Mike Holman Whenever I was looking for detailed information about RESPs, I would always end up at Mike Holman’s blog. It used to be called Four Pillars,…
This is not just a symbolic black mark. The markets rely on investor confidence, and when that is shaken the results are recorded in tangible declines on balance sheets. ~ Maria Bartiromo A couple of weeks ago a representative of the public relations firm handling CNBC anchor Maria Bartiromo’s new book sent me an email…
Whereas shopping and accumulation once promised a golden pathway to happiness, now consumers are getting unexpected pleasure hits from cutting back and making more considered consumption choices. ~ Andrew Benett & Ann O’Reilly When you read this review of Consumed by Andrew Benett and Ann O’Reilly, you will recognize many of the major themes we…
. . . too many people are unwilling to do what’s necessary to get their financial house in order. . . . Everyone wins when we have our financial affairs in order. ~ Scott Feher, Your Life & Your Money If you’ve been reading this blog for any period of time at all, you know…
If there is one common theme to the vast range of crises we consider in this book, it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom. Infusions of cash can make a government look like it is…
Estate planning is not just for people who are old or have lots of money. Estate planning is for everyone. ~ Jim Yih & Marvin Toy If you’re anything like me, estate planning ranks somewhere between going to the dentist and cleaning out the garage on the motivation scale. But it deserves to place much…
