Archive for the ‘Blog Posts’ Category

Guest Post: Don't Buy Too Much Insurance!

Guest Post: Don’t Buy Too Much Insurance!

By Lars Kroijer | Blog Posts, Insurance, Personal Finance

Editor’s Note:  Lars Kroijer, semi-regular contributor here and author of Investing Demystified, offers one of the two most important principles of Insurance: Namely, don’t buy too much of it. In this post he uses the simple example of auto insurance – which because of state laws in the US we must buy – to argue [&hellip

Rapunzel and Compound Interest

Rapunzel and Compound Interest

By The Banker | Blog Posts, Investing, Personal Finance

“Daddy,” began the little princess plaintively, “I’m bored.” The poor thing is trapped in her tower for the Summer months. Wizarding school ended the first week of June, and will not start again until next Fall. Also, it’s a Sunday and her 4-year old sister, the other little princess trapped in the tower, naps deeply [&hellip

Square's Small Business Lending - Innovative?

Square’s Small Business Lending – Innovative?

By The Banker | Blog Posts

A friend sent me a link this morning to an article about Square Capital’s small business cash advance business. The credit card processing company Square claims to use credit card receipts data to prompt it to advance money – within as quickly as 24 hours from the request – to existing small business customers, even [&hellip

Some Terrible Financial Advice: The

Some Terrible Financial Advice: The “Emergency Fund”

By The Banker | Blog Posts, Personal Finance

If you frequently read articles, books and blog posts about personal finance – as is my unfortunate wont – you quickly stumble upon one of the sacred cows of the genre: “The Emergency Fund.” “The Emergency Fund,” the grown-ups tell us (as in this post that showed up in my inbox yesterday,) consists of 3 [&hellip

Time out for Poetry: Ithaka

Time out for Poetry: Ithaka

By The Banker | Blog Posts

The students in my Personal Finance course took their final exam yesterday, and many of them will graduate from college very shortly. One of the themes of the course, of course, was ‘getting wealthy.’ In addition, that’s the theme of the book I’m trying to write.  One of my friendly early readers of my book proposal draft mentioned [&hellip