As An Ex-Banker: Student Loan Repayment

As An Ex-Banker: Student Loan Repayment

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

Hello Professor! This is your former student, one year post personal finance class, and I am in need of advice. Here’s the backstory. After spending one year in the IT Consulting world, making 70K and being equally stressed to the detriment of my health, I jumped ship (per the advice of my employer, they noticed [&hellip

Follow-up on Universal Inheritance Idea

Follow-up on Universal Inheritance Idea

By The Banker | Blog Posts, Inequality

Note: This is a follow up to my previous post on “universal inheritance.” I’m not a complete idiot, so I know that politics in the United States would not favor a universal inheritance at this time, for a variety of practical and ideological reasons. Yet pursuing the thought experiment to the point of figuring out [&hellip

Kooky and Good Idea To Address Inequality

Kooky and Good Idea To Address Inequality

By The Banker | Blog Posts, Inequality

UK economist Anthony Atkinson published a book “Inequality: What Can Be Done?” in May of this year in which he proposes radical solutions to the most pressing financial problem of our time. I thought I’d heard all the important arguments on the topic, and then this economist comes along with a totally bonkers idea that [&hellip

Saving Is Never Easy

Saving Is Never Easy

By The Banker | Blog Posts

When it comes to saving money, no amount of income is enough to make this easy. “If I made a million dollars a year,” you might think, “then I could start saving money pretty easily.” Nope, you’re wrong. That’s not easy at all. Once you make a million dollars, you start living with people who [&hellip

Ex-IM Bank - Why It Should Die

Ex-IM Bank – Why It Should Die

By The Banker | Blog Posts

Normally I don’t align myself politically with the Tea Party, but every once in a while wackadoodles have good ideas. So I try to keep an open mind. One of those good ideas is closing the Export-Import Bank, which technically went into ‘liquidation’ on July 1st, although it will most likely be revived by the [&hellip