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For many a car lover, retiring rich requires the end of a lifelong love affair. I empathize with them all; I’ve had my own romance over the last 50-plus years. Cars have a special resonance for people of my generation. George Lucas’ classic coming of age film American Graffiti is proof positive…
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Scammers know you better than you know yourself. For all their differences, humans tend to display the same weaknesses when approached with a “too good to be true” scam. A 2009 University of Cambridge technical report reviewed various schemes and the psychology behind scam victims, finding seven behavioral principles repeatedly targeted…
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My grandmother refused to share the heart-wrenching details until I was in the Marine Corps. I’d heard bits and pieces about my ne’er-do-well father but didn’t fully grasp the devastation he’d left behind until Grandmother spilled the story with tears in her eyes: Your father never worked. After you were…
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A new study by Experian Consumer Services (EXPGY) shows that people care less about having a spouse that they think is hot and more about their partner’s ability to responsibly manage money. The study also notes discernable differences in the way that pre-recession and post-recession couples view credit and finances,…
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Paying north of $80,000 for prostitutes has cost one AARP-eligible New Yorker a whole lot more. Per the terms of their leaked postnuptial agreement, Eliot Spitzer, the shamed but shameless former New York governor, will hand his stoic ex-wife title to their Fifth Avenue home plus $7.5 million in cash…
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“I don’t know what to do,” said my good friend Rob after inviting my wife Jo and me to dinner for the third time in two weeks. “I know I should do something. Every time I think about it, it scares the hell out of me! Maybe I should just…
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Got a lot of debt? Get in line. Virtually the entire country is carrying a lot of debt at the moment. Whether it's the $16 trillion our nation owes, the $1.2 trillion in student loan debt our college graduates need to pay back, or the $11.5 trillion in consumer debt…
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The toy trap: we all have friends who’ve fallen in. I received a wave of emails after publishing Debt: The Last Social Taboo?, all sharing similar sad stories. Author Dave Ramsey summed up the problem best: “We buy things we don’t need with money we don’t have to impress people we…
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So you think you have a real jeweler's eye? You think you understand what a dollar is really worth? Well, in reality, that can actually be more fluid than we would like to admit. What you can buy with $1 can vary widely depending on what country you're in. Master-of-Finance.org…
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In 2014 the market favors those that go digital – and discards those that do not. The Amazons (AMZN) have thrived while the Sears (SHLD) of the world have sunk. The sea change encompasses several industries, with Consumer Goods and Services both favoring the technologically savvy, to say nothing of…
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With public discourse currently dominated by discussions of cryptocurrencies like bitcoin, their parody-turned-reality cousins like dogecoin, and the persistant belief by certain politicians that a return to the gold standard would represent anything less than a complete disaster, the issue of what money actually is has become a question more…
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In April the sprawling fantasy epic Game of Thrones will return to HBO. While most the show’s viewers applaud the show for its nuanced treatment of various sociopolitical themes, its wondrous fantastical landscape, and its complex interpersonal dynamics, Game of Thrones' examinations of economics is oft overlooked. But the lessons…
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