A salary is Fixed Income Earning a salary, working for someone else, is earning ‘fixed income,’ which means you hope it comes close to covering your lifestyle expenses.  Like all fixed income, however, it will be limited.  In the case of your salary, the limitation of your fixed income comes not from prevailing interest rates,

Please see my earlier post: Cars I – On Not Getting Fleeced Here’s several ideas that may help you pay the right amount for your car. 1.       Cars are not investments.  Unlike houses, cars only lose value over time.[1]  Cars are big consumer goods that depreciate quickly in value. 2.       As a result, all money

I’ve been thinking lately about what we buy when we buy a car, and how to make the best personal financial choices when car buying. Can you buy your personality at the car dealership? From birth, until now, you have been taught that your car is your personality. Are you Ford Tough?  GM Patriotic?  Audi

I previously argued that insurance is useful for risk transfer, but less attractive as an investment.  I also think that under certain conditions – such as responsibility for minor children or limited savings, you need life insurance.  I thought a quick post using compound interest calculations could help illustrate why life insurance can be an