“Save” – the sum of all financial planning wisdom in one word. –Phil DeMuth, author and investment advisor Moneyball I recently finished reading the excellent book Moneyball, by Michael Lewis. The book tells the story of how the Oakland A’s, with a payroll well less than half of baseball’s glamour teams such as the New York…
Hopefully you have calculated your net worth. Now you might be asking yourself, “What does it mean? Is the number I calculated for my net worth good or bad?” As a financial scoreboard your net worth is useful but limited. It’s like having your score on the scoreboard, but not your opponent’s score. It provides…
I find the great thing in this world is not so much where we stand, as in what direction we are moving. -Oliver Wendell Holmes, Jr., United States Supreme Court Justice from 1902 to 1932 The Stockdale Paradox teaches that facing the reality of your current situation is a necessary step to improving it. The…
