Practical Advice for the Career Challenged

I will highlight a general principle for each step in the career process and then provide an example from my own life, which illustrates how I learned these principles. […]

The Economics of Energy

In my opinion, the best way to help the environment is to change the cost and economics, so that it favors clean sources of energy. For example, people will start buying electric cars when they are priced roughly the same as gasoline powered vehicles. And, they will convert to wind and solar power when it becomes price competitive with utility power. […]

Worst Financial Advice Ever

Here is the worst financial advice I have ever heard:

“It’s better to rent instead of buying a house and then you can invest the difference in the stock market.”

Logic Behind the Advice

Often, this advice comes from someone who has “Run the Numbers” and determined mathematically that you will be […]

Credit is the Root of all Evil

The Love of Credit…

We all love the convenience of using our credit cards.  You walk up; buy something, swipe your card and you’re on your way.  Credit cards come in very handy for frequent purchases like gasoline and groceries.  They are great for automatically paying recurring bills, like utilities.  And, they are indispensable for dining, travel […]

Wealth and Poverty in the World

Here are some basic statistics on wealth and poverty:

2% of the adults in the world own half of the world’s wealth. 10% of Americans own 72% of the wealth in America. 28% of Americans are living paycheck to paycheck. 10% of Americans age 65 and over live in poverty. The personal savings rate for the average American […]