When Average Isn’t Enough Everyone knows that exotic dancers are bad at investing. After all, they always end up losing their shirts. 😆 But they are not alone. Most people in general are simply not very successful at investing. According to BlackRock, the largest financial management company in the world with nearly $5 trillion of AUM, the average American investor managed to make only… Read More »
Lower Cost with Interactive Brokers Everyone likes a discount, especially personal finance enthusiasts. We tend to get hyped over even marginal deals. 😀 Speaking of margin-al discounts. I recently lowered my stock margin rate from 4.45% to just 1.95%. Hot damn! It’s even lower than my mortgage now, haha. 😁 One of the best things investors can do to increase our… Read More »
The Effects of Debt on Your Health According to a Globe and Mail article I recently read, people have gotten sick and depressed thinking about their debts. “Researchers and health professionals are making the case for treating personal debt as a public health problem.” Oh no. 🙁 Dr. Donna Ferguson, a psychologist in Toronto says, “I think that it’s a major crisis.… Read More »
Staying in Debt Forever Sometimes I get asked if I will ever be debt free. Unfortunately I don’t have a good answer for this question. In my previous post earlier this week I discussed the debt spectrum, which describes debt as a financial state along a sempiternal line. This line stretches out in both directions and has no ends in sight because it’s hard… Read More »
A Philosophy on Debt Many people have this oversimplified, binary view on debt which suggests you either have debt, or you don’t. But the world of debt isn’t black and white. Much like women’s erotic fantasies, debt tends to operate in many Shades of Grey. 😀 However instead of only 50 shades, the debt spectrum covers an infinite span of possibilities!… Read More »
The Debt Free Fallacy The mainstream concept of debt creates unnecessary anxiety for people. Innocent consumers are made to believe that if they maintain a credit card balance then that’s somehow a terrible thing. They are encouraged to pay this off as their top financial priority. But that’s a load of baloney. In reality there are often more… Read More »