Money

The New Tupperware

A few years ago, I went to a Tupperware party in a friend’s apartment. It was a somewhat surreal experience. The official Tupperware representative was a middle-aged suburban woman sent in to this tiny apartment filled with Manhattan 20-somethings, most of whom  — or perhaps all of whom — had never been to such a thing before. What I remember… read more »

After debt freedom

When I started researching All the Money in the World, one of the first things I noticed about the shelves of personal finance books out there is that most seem concerned with getting out of debt. Dave Ramsey, in particular, has a whole program for doing a “debt snowball” to attack the smallest debts first, with “gazelle-like intensity.&… read more »

Someone else’s budget

It is a truth universally acknowledged that a young man (or woman) in possession of a desire to better his finances must soon be in want of a budget. A big chunk of personal finance literature is devoted to teaching how to examine what is coming in (let’s call it “X”) and then how to divvy up X into different budget buckets. These buckets are as… read more »

The Behavior Gap

Here’s a conundrum. If you compare investors’ returns in funds to the returns of the funds themselves, they should be the same, right?  
Well, no. You see, “studies find that the returns investors have earned over time are much lower than the returns of the average investment,” writes Carl Richards, the Sharpie-wielding Bucks blogger at the New Y… read more »

The Joy Budget

In the first chapter of All the Money in the World, I note that most personal finance books tell readers to keep track of all the money going in and out. The usual point of this is to make sure that the “money coming in” category is bigger than the “money going out” category. Which is, of course, a good thing to know.
But let’s say it… read more »