There is a phrase I frequently read and hear from financial independence types that I find extremely confusing, and which is one of many reasons I find the concept of financial independence troubling, at least as I've seen it promoted on the internet. The phrase is: "depending on what the markets do." A typical formulation is, "we'll be financially independent in 2018, … [Read more...] about What is going to happen to your financial independence after the crash?
Archives for July 2017
It's become very fashionable in certain circles to prove your intellectual and critical thinking bona fides by changing your mind about ideas in the face of evidence or arguments to the contrary. In that spirit journalist David Leonhardt wrote this summer challenge in the New York Times, and I'm perfectly game. Now I just need some suggestions. There are some obvious … [Read more...] about What should I change my mind about?
Running a small business is as fun and easy as you'd expect, and more people should do it. I'm an unabashed promoter of self-employment, not because it will make you rich quickly (getting rich quick is the wrong goal on the wrong time frame), but because it will make you self-employed. That's my unfortunate literal tendency which I can never seem to keep suppressed for … [Read more...] about 6 things I wish I knew before starting a business
One of my favorite euphemisms in the entire galaxy of finance and investing is the "sophisticated investor." A sophisticated investor, in legal terms, is one determined to be wealthy enough to be fleeced by con artists without missing the money too much. For example, not just anybody could invest in Bernie Madoff's hedge fund. Only those with plenty of money to spare could … [Read more...] about On sophistication
It's no secret that I'm a cheerleader for self-employment and entrepreneurship. I now run two blogs, this one here on the Saverocity network and another at freequentflyerbook.com. I've never asked anyone permission to start a business, I don't have a "business license," I just run a business like a goddamn American. That's the spirit I'm trying to promote here: if you aren't … [Read more...] about This should be a golden age of entrepreneurship; why isn’t it?