The 4% rule and other magic numbers to never run out of money
How much money is enough to be happy?
Over the years as I’ve built companies and have seen my income fluctuate, one question comes up continually: How much money is enough to be happy? What are we working toward? Should we always be hustling at the expense of other parts of our lives so we can collect more stuff to put in our storage sheds? It comes down to answering the question: how much money is enough for what? Before we...
Death and Taxes: not so certain anymore
In 1789 Ben Franklin wrote in a letter that “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” Now, over 200 years later, we’re not sure so about the inevitability of death and taxes can be reduced or illuminated with the right planning. We’ll leave the topic of life...
VTSAX conquers all: The case for investing in low-cost index funds
In previous articles I’ve covered why it’s so difficult for people to beat the market. How Warren Buffett is an anomaly and how it’s so hard to beat the market that only 5% of fund managers manage to do it. Far fewer individual investors can do it and why this is one reason I don’t use a financial planner. So why is it so tough to beat the market and what should we do to...