Waste Money Now Or Waste Money Later

Back in May, The Atlantic magazine published a long cover story The Secret Shame of Middle-Class Americans. Relating to a Federal Reserve survey in which 47% of the respondents purportedly said if they had a $400 emergency they would have to cover it by borrowing or selling something*, the author Neal Gabler confessed that he too was one of the 47%. That 47% number is shockingly high for a mere $400 emergency. The more shocking part is that the author isn't a nobody making a below-median [...]

Why Buy When You Know The Price Is Not The Lowest

A reader emailed me in the weekend after Brexit and asked me what I did and what she should do. I told her I bought more shares in an international stock index fund even though I knew the price wasn't going to be the lowest. On the other hand, I told [...]

The Biggest Rock In Financial Success

No doubt you heard of the Big Rocks metaphor in setting priorities, focusing attention, and managing one's time. It says you should focus on things that make the biggest difference and not get distracted by small things. When you put big rocks, [...]

Opportunity Cost and The Concept of Enough

I didn't expect my previous post on early retirement and opportunity cost to be controversial. I thought it was just a matter of fact. There is an opportunity cost in everything; early retirement is no exception. Pointing out the opportunity cost is [...]

Proactively Protect Your Account Against Fraud

This post brought to you by Chase. The content and opinions expressed below are that of The Finance Buff. At work, we have some visitors from another country. While chatting with them at lunch, I heard they were very careful with using their bank [...]

Deathbed Regret And The Puritan Work Ethic

By now you probably heard of the story of deathbed regrets. Bronnie Ware was an Australian hospice nurse. She worked with many patients during their last days. She summarized her patients' deathbed regrets in a blog post, which she then turned into a [...]

Cheer For The Second Best

We all want the best in everything, the best vacuum cleaner, the best smartphone, the best investment allocation. Many businesses make a good profit in helping people figure out what are the best: Yelp for restaurants, TripAdvisor for hotels, CNET [...]