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The Evils of Underspending

“Be frugal.” “Save for the future.” “Live on less than you make.” That’s my usual financial advice, and it’s well worth repeating even though too many Americans aren’t following it. Sometimes, though, I find it...

The Modern Monetary System

In a previous column I explained why any currency-issuing country, like the US, will never default on its obligations or run out of money with which to purchase goods and services priced in its own currency. Sovereign nations that are currency issuers have no solvency...

Money Problems and Your Mind

“Sometimes financial literacy doesn’t work.” That’s what Rick told Anne Kates Smith of Kiplinger’s Personal Finance magazine for an article published in the August issue. Not that Rick is opposed to financial literacy. But he and other...

An Endless Supply of Dollars

Is the United States in danger of bankruptcy? Contrary to what you may read in the media or hear from many politicians, no, it isn’t. The US Treasury will never run out of dollars. It’s impossible. The reason is relatively simple. The US government owns a...

Don’t Wait Till Retirement To Act On Travel Dreams

Watch this video on YouTube What’s at the top of your retirement bucket list? If you are like most folks that I help prepare for retirement, travel is high on that list. As I’ve grown older, my views on retirement travel have changed. I used to buy into...