Tag Archives: wealth

The Prosperity Economics Revolution

“Financial planning doesn’t work.” – Kim D. H. Butler, author of Busting the Financial Planning Lies Financial Anxiety, Anyone? Feeling nervous about where the stock market might be headed after its recent climb? Nervous about where taxes might be going? … Continue reading

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Understanding the “Real Cost” of Financial Decisions Takes Some Imagination

One of the standard methods of assessing the desirability of a particular financial decision is to evaluate the benefits and associated costs. But what is the true cost of a financial decision? Even in the simplest transaction, the cost isn’t … Continue reading

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Blips on the Financial Radar

LISTEN (mp3audio) (20:16 min) Buzzwords, Trends, and Unintended Consequences Here are a few financial particulars currently receiving a fair amount of attention in the financial press: BUZZWORD: PHASED RETIREMENT The combination of a struggling economy and declining asset values has … Continue reading

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THE DIFFERENCE BETWEEN INVESTING AND GAMBLING

LISTEN (mp3audio) (5:45 min) Right before the 2010 Super Bowl, a page 1 article in the February 5, 2010 Wall Street Journal opened with this sentence: “Investors are sometimes accused of treating the stock market like a casino. Now, one … Continue reading

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Have You Been Framed?

“Some macroeconomists say if we just study the numbers long enough we’ll be able to design better policy. That’s like the sign in the bar: Free Beer Tomorrow.” – Russ Roberts, Economics Professor LISTEN (mp3 audio) (14:12 min) One of … Continue reading

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Student Loans: “Toxic Debt” for Graduates

LISTEN (mp3 audio) (10:12 min) In terms of financial value, has a college degree reached its “tipping point?” Since the end of World War II, obtaining a higher education has been touted as one of the surest paths to a … Continue reading

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How Will You Meet the “10,000-Hour Rule” for Your Finances?

LISTEN: mp3 audio (03:47 min) Malcolm Gladwell is the author of the best-seller Outliers: The Story of Success. The book attempts to identify both internal and external factors that seem to appear consistently in the lives of successful people. Rather … Continue reading

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