Financial Education

Once you have figured out how much you’ll need in your emergency fund, then we have to build it. Let’s start with one cold, hard fact: It is impossible to build your fund if you spend more than you make and live outside your means. In other words, you’ll be required to have to ability…

Once you have paid off your credit card debt, the next most important thing to do on your journey to financial freedom is to build an emergency fund.  An emergency fund is money set aside, preferably in a savings account, that is used only for emergencies. No, you can’t use this to build out your…

The United States has had 11 recessions since 1948 averaging to about 1 every 5-6 years, with each one averaging about 1 year long.1 As of the writing of this blog, Fed Chair Powell has indicated his desire to push interest rates higher in spite of a likely slowdown in our economy. If he is…

After a successful career in the 1980s and 1990s as the head of Salomon Brother’s fixed-income arbitrage group, in 1993, John Meriwether founded his own hedge fund to profit in the financial derivatives market using similar arbitrage methods. On the board of directors of this hedge fund were economic luminaries…

There is one similarity that many people have in common with crabs in a barrel: they seek to pull down others who have achieved a success greater than theirs. The motto for such people is: “If I can’t have it, you can’t have it either.” Such people are burning with envy and jealousy upon seeing another’s success…