I’ve always been a big fan of Dave Ramsey. His famous “baby-step” plan for improving one’s financial circumstances is really the only financial plan most Americans need. It’s the perfect recipe for shedding the paycheck-to-paycheck lifestyle and transforming oneself from a wealth-destroyer to a wealth-builder. The one aspect of his financial mantra that I have …
I suppose there are more kinds of passive investments, but my pedestrian mind can only think of four: real estate, authorship, pensions, and Wall Street. Here’s my take on all four: Real Estate When Mrs. Groovy and I relocated from Long Island to North Carolina in 2006 we dabbled a little bit in real estate. …
Continue reading “Passive Income for the Simple and Unadventurous”
I’m not a fan of socialism. I’ve seen it up close and personal for 21 years while working for a highway department on Long Island. And what I saw wasn’t pretty. My fellow public servants and I cared far more about our comfort and well-being than the comfort and well-being of the taxpayers. If I …
When I was in college, my roommate was a big proponent of the following diet philosophy: East breakfast like a king, lunch like a prince, and dinner like a pauper. I don’t know why I was reminded of my old college roommate and his old diet philosophy. But I found them in my head and …
Continue reading “Turning an Old Diet Saw into a New Financial Saw”
In part one of my Mr. Wow callout post, I made the unremarkable observation that our healthcare system is a mess and needs a serious overhaul. I also made the case that the two prominent camps vying to orchestrate that serious overhaul—the more government or statist camp and the less government or freedomist camp—both have …