A nearly $5,000 invoice from a life insurance company sits on my desk. But I haven’t paid it yet. Because I'm considering cancelling the policy. … [Read more...] about Cancelling Life Insurance: Three Rules for Pulling Plug
personal finance
Small Business Succession Planning Secrets
I spent last weekend in eastern Montana with a handful of third and fourth generation farmers and ranchers, relatives of my wife. Truly beautiful … [Read more...] about Small Business Succession Planning Secrets
Are Houses Investments?
I got into a friendly argument with another financial writer recently. I said houses count as investments. He said houses didn’t count. We chatted … [Read more...] about Are Houses Investments?
A Dozen Reasons for Direct Real Estate Investment
Okay, I am not a direct real estate investment fanatic. Absolutely not. Further, I get that direct real estate investment burdens investors with … [Read more...] about A Dozen Reasons for Direct Real Estate Investment
What Lifetime Earnings Data Says About College Majors and Graduate Degrees
In a few weeks, students will start or return to college and register for classes. Given this, I thought it’d be a good time to follow-up on last … [Read more...] about What Lifetime Earnings Data Says About College Majors and Graduate Degrees
Rate of Return of Everything Line Charts
About a year and a half ago, a group of researchers published a study that summarized rates of return on equities, housing and bonds for 16 countries … [Read more...] about Rate of Return of Everything Line Charts
Lifetime Earnings Top One Percent Surprise
I encountered some pretty interesting data recently. The lifetime earnings of the top one percent, top five percent and top ten percent. A surprise … [Read more...] about Lifetime Earnings Top One Percent Surprise
The Illusions of Entrepreneurship Professors
Late last year, I posted a couple of essays that defended Thomas Stanley’s Millionaire Next Door theory: Defending the Millionaire Next Door Theory … [Read more...] about The Illusions of Entrepreneurship Professors
The 50-something Entrepreneur’s Last-minute Retirement Plan
Recently, a friend (not a client) asked about getting started with a retirement plan. The awkward part of the question? Though successful in his … [Read more...] about The 50-something Entrepreneur’s Last-minute Retirement Plan
The Millionaire Next Door Business Plan
Last week, after reading the newest book in the “Millionaire Next Door” series, I critiqued the critics. More specifically, I pointed out how the … [Read more...] about The Millionaire Next Door Business Plan