How Much is “Rich?” Income Vs. Net Worth

How much money does it take to be wealthy? As I’ve pointed out in previous columns, this is basically an unanswerable question. It depends on too many variables, such as social norms, personal circumstances, accounting methods, lifestyle, and financial...

Space: The Final Investing Frontier?

Space is the final frontier. Our military now has a space force. We are about to get a full report from the government on what it knows about UFOs. Space is in the news, from space tourism to the long-shot prediction by Elon Musk that humans will soon colonize Mars....

Why We Don’t Plan For The Inevitable

Why do we put off taking action that is important to our financial health? Last week we explored some of the financial “emergencies” that can be avoided with planning or prevention. It’s easy to understand why planning is so important. It’s less easy...

Down Stocks in an Up Market

We can probably all agree that 2020 was a unique investment year, with the pandemic ravaging the economy, reducing travel, and even removing the normal commute to the office—and at the same time delivering above-average 15.76% returns on the S&P 500 index. But not...

What Is Your State’s Country-Sized GDP?

It is sometimes not easy to realize just how big the U.S. economy is compared with the rest of the world. But a recent graphic published by the GZero organization gives a pretty good hint. Look at the map, and notice that North Dakota—one of the smallest states in the...