So you're thinking of buying your girlfriend, or fiancé, or wife, or mother a dozen roses for Valentine's Day? You're a good man! But here's the thing: Stores jack up the price of roses leading up to Valentine's Day. You're likely to pay $20 or more for a dozen, double the … [Read more...] about A Dozen Roses For Valentine’s Day: Lessons From An Economist Cheapskate
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“I Just Want My Kids To Be [Fill In The Blank]”
I'm guessing that many parents have used this phrase: "I just want my kids to be happy." It makes sense -- we all want our kids to be happy, right? Or do we? In fact, is happiness what we're aiming for in raising our kids? Is it what we should be aiming for and teaching … [Read more...] about “I Just Want My Kids To Be [Fill In The Blank]”
Tracking Life Finances In A Single Spreadsheet
They say it's not what you earn, it's what you keep. There's some truth to that in terms of growing net worth. But how do you figure out how much is enough? Over the years, I've explored best practices to managing and growing lifetime finances. In graduate … [Read more...] about Tracking Life Finances In A Single Spreadsheet
The First Fundamental Theorem of Family Size
Also known as: "N-1 Kids Was Easy, But N Kids Is Hard!" My wife and I have 4 children. And you have no idea how many times I’ve said something like, “Oh good, so-and-so will be at camp, which means I’ll have just 3 for today. So easy!” Like it’s a walk in the park to be … [Read more...] about The First Fundamental Theorem of Family Size
Protecting Your Most Valuable Asset
We all know about asset protection. Protect against risk, protect against the downside, protect against the unknown. But are you really protecting your most valuable asset? Here’s a more basic question: what is your most valuable asset, from the perspective of raising happy, … [Read more...] about Protecting Your Most Valuable Asset