Tag: net worth
Do You Live Your Life Like a Financial Hermit?
For nearly thirty years the stranger in the woods… Took the same steps over and over, year after year, and left no trace—no footprints in the snow or the soil. Treaded carefully on rocks in the forest and took great pains to avoid leaving an impression. Camouflaged all his belongings so that glints of sunlight…
There Is No Excuse for Being a Financial Moron
Prior to my fortieth birthday (I’m 55 now), I was a financial moron. I wasn’t good at making money, and I wasn’t good at saving money. My financial IQ was appalling. Rudimentary financial concepts such as “pay yourself first,” “build an emergency fund,” “automate your savings,” and “invest in low-cost index funds” were utterly alien.…
Net Worth Update: Things Look Good, I Think
Wow! It’s May already—a third of the year has shot by. A year ago, I vowed to be less in thrall of the market’s daily gyrations. No more being glued to CNBC. No more checking our portfolio’s value every day after 6 pm when it reflected the latest mutual fund prices. I wanted a set-it-and-forget-it…
Dad’s Socks
Growing up in the 60s and 70s, there was a ruthless fashion code that weeded out the cool kids from the nerdy kids. When you wore sneakers, you’d better be wearing white athletic socks. When you wore shoes, you’d better be wearing dress socks that matched the color of your shoes. Violate this rule—walk out…
The Groovy Secret to Growing Your Net Worth
The year 2016 was very good to Mrs. Groovy and me. Not only did we retire (yeah for us!), but we saw a sizable increase in our net worth. And what’s our Groovy secret? Wait for it…wait for it…okay, enough of those cheesy wait-for-its. Here it is: DON’T SUCCUMB TO FEAR! That’s it. Not exactly…