Last week, I asked how many days of financial freedom do you have? I got a great comment from Steveark making this awesome point: "Ironically, the less time you've got until your expiration date, the more years of financial freedom pile up in the bank." It's hard to find a problem with compound interest, but if there is such a thing, that would be it. I don't know anyone whose birth certificate has an expiration date on it*. For this … [Read More...]
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Artificial Intelligence Changes Everything
Six years ago, I wrote The World Has Turned and Left Us Here. The title, inspired by a Weezer song about lost love, came after realizing that my three and four-year-old boys would have very different career choices than I had. At the time, many retail stores were closing as more people bought from Amazon. The news of retail store closings has died down a bit (though Bed, Bath, and Beyond's impending bankruptcy may change things). Also, … [Read More...]
How Many Days of Financial Freedom do you Have?
This article could have been short. I was tempted to repeat the title and make that the whole post. However, I can do better than that. Imagine a scenario where your money didn't compound anymore. Perhaps you took it all out and put it under your mattress. (Note: Please don't do this.) It's an unlikely scenario, as there are cases where you'd at least earn interest. Then again, banks paid very little interest for a couple of … [Read More...]