Investing, Money Parables

Try this Survival Tactic the Next Time the Market Throws a Tantrum

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“The primary cause of [investing] failure is that [people] pay too much attention to what the market is doing currently.” – Benjamin Graham In a scene guaranteed to evoke empathy in every parent or grandparent with a heart and a memory, a grandfather was in a grocery store checkout line with his toddler grandson when the boy resorted to the time-tested tactic of…

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Budgeting, Debt

Great Advice About Cars From a Popular New Orleans Rapper

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I don’t usually get my financial advice from rappers, but Dee-1, a popular New Orleans rapper, has it figured out when it comes to cars.  As I wrote about in an earlier post, spending too much on a car is one of the quickest ways to destroy your chance for financial success.  Cars don’t define us, and most of us spend far too much money trying to impress others.  Save some money and concentrate on things that really matter.

Here is a great video with Dee-1 talking about the car he drives, and why he doesn’t upgrade.  Don’t let the “Parental Advisory” at the start stop you from watching.  I didn’t find any reason for it in the video.  Great advice and very entertaining:

 

Misc., Smartest Things Ever Said About Money

10 Essential Financial Rules of Thumb

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“Heuristics are simplified rules of thumb that make things simple and easy to implement. But their main advantage is that the user knows that they are not perfect, just expedient, and is therefore less fooled by their powers. They become dangerous when we forget that.” – Nassim Nicholas Taleb In the spirit of Taleb’s quote,…

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