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The best gift money gives you is not having to think about money. Once you activate the “not needing any more” status, life gets exponentially easier. Sure, you can afford stuff, and not have to work as hard, but also in mental energy alone. What else?
Space mining companies competing for government contracts want to turn the moon into a cosmic gas station. The vision is to mine the lunar surface for rocket fuel that can then propel us all the way to Mars — and beyond, as humanity takes its self-appointed place in the stars.
Last week’s headlines: the lunar mission, 12 Tons of stolen Kitkat, and a rebounding labor market.
What do you do when your dreams outrun your dollars? This is a vital question to answer, because none of us has enough total wealth—time, influence, money, energy, and relationships—to do everything we want. Now.
We tend to follow the lead of those around us. But it’s worth asking, what type of spending brings you the most joy? Money is a tool. It can buy us money things, but for most of us, it is not an infinite resource.
Long-term care is one of the most consequential and misunderstood risks in retirement. It is not a routine expense that can be forecast with precision, but a potentially large and uncertain liability that may never occur, yet can significantly disrupt a financial plan if it does.
Our bodies exist only in the present, but our minds live in two places: the past, where we agonize over what’s been said and done, and the future, where we worry about what might happen, often imagining bad outcomes we can’t predict. Look at your financial life, and you might find a similar three-dimensional tension with time.
“The 1%” sounds like an abstraction. It’s something economists argue about on cable news. But if you’re a physician, you might already be in it without knowing. The entry level of the 1% club isn’t fixed like many of us think. It actually differs based on where you live.
In less than a month, global oil prices surged past $100 per barrel. The key question now is whether high oil prices persist and materially raise the risk of a U.S. recession.
Indexing may not be the only way to invest, but the data shows why index funds are so tough to beat over the long haul.
How could chocolate be related to retirement? It’s a reminder of the single most underrated skill you can carry into retirement: the ability to voluntarily give up something you enjoy today in exchange for something better tomorrow.
Doctors spend a decade in training to earn a high income…only to turn around and spend the next three decades handing a disproportionate share of it to the IRS. Here’s how to avoid that.
