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A nickel ain’t worth a dime anymore. ~ Yogi Berra When we looked at the current pros and cons of investing in commodities and real estate, it became quite apparent that there are some pretty good arguments on both sides of the debate. We often hear contradictory truisms. Cash is trash. Cash is king. Which is it? The correct answer is likely “it depends”. There are times when [...] Continue reading Cash: Is It Trash or King? Why do children want to grow up? Because they experience their lives as constrained by immaturity and perceive adulthood as a condition of greater freedom and opportunity. But what is there today, in America, that very poor and very rich adolescents want to do but cannot do? Not much: they can “do” drugs, “have” sex, “make” babies, and “get” money (from their parents, crime, or [...] Continue reading Have We Become a Society of Financial Adolescents? When I was a boy of fourteen, my father was so ignorant I could hardly stand to have the old man around. But when I got to be twenty-one, I was astonished at how much he had learned in seven years. ~ Mark Twain Update: This article was included in the Carnival of Personal Finance #262 posted at Personal Finance Journey. Thanks! The financial habits of society at [...] Continue reading Financial Wisdom for Father’s Day It is seldom luck or inheritance or advanced degrees or even intelligence that enables people to amass fortunes. Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and most of all, self-discipline. ~ Thomas Stanley & William Danko, The Millionaire Next Door The Millionaire Next Door is one of the true personal finance classics. It was originally published in 1996, and [...] Continue reading Book Review: The Millionaire Next Door It’s time for the next monthly installment of 20 Cents. Is it just me or did it seem like May was only 12 days long? Here are 10 of my favourite articles from around the web for May, 2010. I try to include a fairly well-rounded selection each month, but 10 slots is just not enough to cover all of the great writing that gets served [...] Continue reading 20 Cents from May 2010 |
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