Living on Minimum Wage
I assumed I’d need to “trim some fat,” but that my thrifty budgeting habits would largely be adaptable to a significantly lower income. I was very wrong.
Jesse Cramer created The Best Interest to explain personal finance and investing in simple terms. His writing has been featured by CNBC, MSN, The Motley Fool, and other national publications. He resides in Rochester, NY with his wife and their dog, where he works in wealth management. Follow Jesse on Twitter: @BestInterest_JC
I assumed I’d need to “trim some fat,” but that my thrifty budgeting habits would largely be adaptable to a significantly lower income. I was very wrong.
Dave’s a simple guy with an average lifestyle. He’s also in a financial death spiral. Do you know Dave?
Do you know how the inventor of chess was rewarded? The answer might help you retire early.
History suggests we need to plan for a second wave of the pandemic. Or don’t—it’s your call. I hope you’re right. But I’m not planning on it.
Attention is expensive. I won’t waste yours—at least not today. If you meet these ten financial goals, you’ll be better for it. That’s it.
While “debt crisis” might sound like economic jargon, the fact is that it hurts individual lives. A global COVID debt crisis would be crippling.
The cream rises to the top. The most fit deserve the most reward. Bah! That’s rubbish. Meritocracy ignores luck and survivorship bias, and we need to fix it
It’s a lesson in personal finance and a lesson for life. If you don’t know how to trust someone, start by asking for proof.
Think you can beat the market? Think again. Something called “EMH” makes stock picking much harder than you might think. But we have other options.
How valuable are the investing years in front of you? Or the years you’ve already lost?