Worried About Inflation? Think About Purchasing Power.
Tuesday January 31, 2012
A constant risk I see new investors take is their unwitting belief that wealth should be measured in nominal currency, such as United States dollars or British pounds sterling, instead ... Read More
Successful Investing Comes In Bursts and Sputters
Tuesday January 31, 2012
Those of you who are new to investing need to know that your journey to wealth is not going to happen as one gradual, gently sloping incline. It's not comparable ... Read More
What Is The Buffett Rule President Obama Proposed?
Tuesday January 31, 2012
The Buffett Rule, as the media has taken to calling President Obama's tax proposal, is simply a way to say that anyone who earns over $1,000,000 per year must pay ... Read More
How the Average American Family Spends Its Money
Tuesday January 31, 2012
The Consumer Expenditure Survey from the U.S Department of Labor and U.S. Bureau of Labor Statistics has released the 2010 report, which pulls from 2009 data, and here are some ... Read More
What, Exactly, Do Economists Mean When They Say There Is No Such Thing As a Free Lunch?
Tuesday January 31, 2012
For more than a century, the phrase, "There is no such thing as a free lunch" has been a regular part of the American experience. Popularized more than 40 years ... Read More
A Real Life Example at How I Use Opportunity Cost to Manage My Own Money
Tuesday January 31, 2012
Many of you have written to ask me about opportunity cost and, specifically, how I use it to evaluate my own personal financial decisions. Several years ago, I gave you ... Read More
The 3 Types of Opportunity Cost That Matter To You
Tuesday January 31, 2012
Although opportunity cost is a broad topic, there are three, specific types of opportunity cost that matter a great deal to your pocketbook! You should learn about each of them ... Read More
What Is Opportunity Cost?
Tuesday January 31, 2012
Over the next few days, I am going to publish several new articles about an important economic concept that often gets overlooked by new investors. It is called opportunity cost. ... Read More