Mike Bloomberg: More Bucks for Less Bangs

Mike Bloomberg: More Bucks for Less Bangs

By The Banker | Blog Posts, Texas

I try to approach contentious political issues with an open mind, willing to be swayed by new evidence, or at least willing to acknowledge that the other side has some valid points. Surely my ideological opponent has logical thoughts, given their starting principles, right? I have no monopoly on good ideas, I remind myself, and [&hellip

Book Review: Words and Money by Andre Schiffrin

Book Review: Words and Money by Andre Schiffrin

By The Banker | Book Reviews

Somewhere on my Top 5 thematic topics on Bankers Anonymous is a hard-core media critique – which I refer to in kinda-joking-kinda-not joking shorthand as the “Financial Infotainment Industrial Complex.” When I read the Wall Street Journal or listen to financial news on the radio I find myself talking back – usually although not always [&hellip

Book Review: Think and Grow Rich by Napoleon Hill

Book Review: Think and Grow Rich by Napoleon Hill

By The Banker | Book Reviews, Personal Finance

Can you simultaneously find something personally un-appealing, yet respect its effectiveness, when considered on its own terms?  Of course you can. For example that’s my summary view of Miley Cyrus’ amazing career so far.  I did not enjoy reading Napoleon’s Hill’s Think and Grow Rich – indeed some parts are pretty darn annoying – but [&hellip

Ask an Ex-Banker: Estimating Monthly Savings to Meet College Costs

Ask an Ex-Banker: Estimating Monthly Savings to Meet College Costs

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance

This “Ask an Ex-Banker” question came from reader Todd R.  In response to earlier posts about the cost of college education, he wanted to calculate the following: “If a family was sending their child to college this fall, AND they were fully able to pay cash (from an educational tax deferred plan) what would their [&hellip

College Costs Op-Ed in New York Times

College Costs Op-Ed in New York Times

By The Banker | Blog Posts, Personal Finance

The New York Times has a great Op-Ed today about the Expected Family Contribution (EFC) calculation, which I recently encouraged all parents with college-bound kids to check out. My main take-away from looking at my own family’s EFC estimate on the College Board site was jaw-dropping because there is Just.No.Way. Where would an ordinary (non-wealthy) [&hellip