USAA – The Good


“I refuse to join any club that would have me as a member.” –Groucho Marx This is part two of a three part series on USAA. You can read the first part (are you eligible for membership?) here and the third part (the not so good) here. Disclosure: USAA flew me to San Antonio for … Read more

Why Monkey Brain Loves Financial “Secrets”


“The secret of staying young is to live honestly, eat slowly, and lie about your age.” –Lucille Ball When I was in middle school, I got my first job. The local paper, the Marietta Daily Journal, hired a bunch of kids go to door-to-door to sell newspaper subscriptions. My parents must have loved it because … Read more

Why Personal Finance Gurus Are Like Free Schooling

Why Personal Finance Gurus Are Like Free Schooling

“When you introduce competition into the public school system, most studies show that schools start to do better when they are competing for students.” –Bill Cosby I am a product of public schools through and through. My elementary, middle, and high schools were all public. West Point is a public university. I went to graduate … Read more

What Would You Do If This Pay Stub Was Yours?

What Would You Do If This Pay Stub Was Yours

I’m out this week at the Women’s World Cup (go USA!), so we’ll do a quick, fun exercise! Below is a picture of Major League Baseball star Andrew McCutchen’s pay stub. What do you see wrong with the pay stub? What would you do with one paycheck of that size?

The Zeigarnik Effect and Your Money


“What is not started today is never finished tomorrow.” –Johann Wolfgang von Goethe My wife and I do not watch much television. There was one series that we watched religiously week in and week out. It was 24 (#aff). When it was time for another season, we were glued to our seats at 9:00 PM … Read more

The Transition from Mass Advice to Personal Advice


The Transition from Mass Advice to Personal Advice “It is proof of a base and low mind for one to wish to think with the masses or majority, merely because the majority is the majority.” –Giordano Bruno “If you will live like no one else, later you can live like no one else.” –Dave Ramsey … Read more

How to Think Intelligently About Taxes: An Interview With CPA and Author Mark Kohler


I’m not saying everyone has to become a real estate tycoon like Donald Trump. –Mark Kohler Everyone thinks that their biggest expense each year is their house or their car, but the reality is that for almost everyone, taxes are the biggest expense each year. I recently had the pleasure of speaking with Mark Kohler, … Read more

Is Obamacare Viable for Early Retirees?


“This is a big f—— deal.” –Joe Biden One of the biggest expenses that people who want to retire prior to age 65, when they become eligible for Medicare, is health. With healthcare inflation far exceeding inflation for the rest of the economy, and with most employers providing at least some health insurance for their … Read more