Archive for the ‘How Not To Invest’ Category

On Credit Card Addiction And Ignoring The Points!

On Credit Card Addiction And Ignoring The Points!

By The Banker | Blog Posts, How Not To Invest, Personal Finance, Texas

Congratulations, America, we did it! We finally broke the $1 trillion barrier for household credit card balances, according to a recent WalletHub Report. This is a somewhat less impressive than Roger Bannister’s breaking of the 4-minute mile barrier in 1954 (RIP Sir Roger, B. March1929 — D. March 2018), or Sir Edmund Hillary and Nepalese […]

A Spreadsheet Divided Them

A Spreadsheet Divided Them

By The Banker | Blog Posts, How Not To Invest, Personal Finance, Taxes, Texas

For Sonia, it felt like her husband Dave was having a separate relationship, one that didn’t include her. With whom, you may ask? With their household finance spreadsheet. She told me “I felt Dave was having an affair with his spreadsheets, like it was something secret that I couldn’t take part in.” She said she […]

A Stock Growth Miracle (Not Really)

A Stock Growth Miracle (Not Really)

By The Banker | Blog Posts, How Not To Invest, Insurance, Investing, Personal Finance, Texas

Psst: Do you want to hear about a neat investing trick a family friend showed me? She started with $250. Through alchemical magic – well, a mixture of time, compound interest, and an important dash of negligence – she turned that $250 into an investment today worth $135,000. She still owns it, so results may […]

Discounting Cashflows - A Deeper Dive

Discounting Cashflows – A Deeper Dive

By The Banker | Audio Posts, Blog Posts, How Not To Invest, Investing, Personal Finance

Welcome! This post is meant to accompany Chapter 5 and Appendix to Chapter 5 “On Discounting Cashflows” in my book “The Financial Rules For New College Graduates – Invest Before Paying Off Debt And Other Tips Your Professors Did Not Teach You.” (Praeger, April 2018.) I’m convinced the only way to really learn discounting cashflows […]

Automatic For The People

Automatic For The People

By The Banker | Blog Posts, How Not To Invest, Investing, Personal Finance, Texas

For getting started with basic finance goals, we need robotic automation, not human resolution. I’ll explain. Did you know that January 17th of each year is officially “Ditch New Year’s Resolutions Day?” This post lands squarely in the spirit and timeline of that tradition. Resolutions never work. Instead, automation works. I’m a finance guy so […]