The other day we posted a long survey about how to determine what your ideal savings rate might be. Today, we follow through on what we promised to you – a fully editable calculator which allows you to put the lessons you learned in our first post into action. The Ideal Savings Rate Calculator – […]
I’m under no illusion that this is the first time a Personal Finance writer has ever undertaken this topic. However, DQYDJ is probably the first who will follow up their initial treatment of this piece with a calculator for you to do the math on your own finances (hold your breath!). Yes, we are gentlemen […]
I know, I know – the article was probably some form of self-referential mocking of the “#Slatepitches” meme and a unique combination of trolling and clickbait. Well played, Allison Benedikt… you piqued my interest with your article “If You Send Your Kid to Private School, You Are a Bad Person.” article. Combine Poe’s Law with […]
This site is no stranger to wandering into controversial topics like… well, anything college-related: We asked if you should get a degree or become a truck driver We discussed whether today’s college graduates are better off than graduates of a generation ago We even asked if certain majors should cost more With all of those […]
Editor: We’ve since put our S&P 500 trailing returns calculations into a tool you can use. Dave Ramsey is a controversial figure in the Finance realm, at least in blogs (and blog comments), discussion boards, and other mediums where personal financial mathematics are discussed. However, Ramsey’s controversy doesn’t generally come about from his investment advice […]
Update: Mid November data added! The calculator below uses long run 10-year Treasury Data from Robert Shiller to compute US Treasury returns, based on reinvesting the coupon payments. You can see the total returns for the 10 Year Treasury for any arbitrary period from 1871 until today. After the calculator you can find our methodology. […]
As you know from reading this site, the Government is quite a force in the economy – namely, taking in an estimated $2,468,599,000,000 in revenue in 2012. On top of that, Uncle Sam spent an estimated $3,795,547,000,000! As you might expect, both sides of the ledger were imbalanced between states – some states pay more […]
“Cut rates and eliminate deductions”, as a bumper sticker (ahem, Twitter) length quote, started to reenter the public consciousness again during the recent Presidential election. The phrase came to be associated with Mitt Romney, although, to be fair, he was almost forced into a position on rates by refusing to detail his stance on taxes […]
Both my co-writer Cameron and I have recently penned screeds on a worrisome trend we’ve seen in Personal Finance blogs – the hyperbolic obsession with “Debt Zero”. “Debt Zero” is, of course, the idea that above all else Debt Must Be Paid Down.
The first clue that something is wrong with that story is the inclusion of the word “must”. There are very few absolutes in life – the snarky amongst you will acknowledge death and taxes – and in this situation is no different. You see, it’s naive to assume that things come for free. Every single thing you do is a trade off.