A huge caveat here: I am not an economic expert and I really, really, don't know what I'm talking about here (even more so than usual). But it helps me to think through things to write them down and, perhaps, someone else can benefit from this (even if it's to disagree). I'm in no way … Continue reading Musings On Inflation
Whenever the topic of investing comes up with teachers (and other folks, but most of my experience is with teachers), two common obstacles often appear: fear and overconfidence. While these obstacles are on opposite ends of a spectrum they both can be very damaging. Let's take a brief look. Fear Probably the more common of … Continue reading Do You Feel Lucky?
Most people have a savings account. Sometimes folks have that savings split into different "buckets", perhaps money set aside for future specific purchases (a car, a new furnace), for contingencies (car repairs, an appliance breaks), or more generally as "emergency savings". By its nature, "savings" is different than "investments", because you generally want to take … Continue reading How to Help Your Savings Keep Up with Inflation