In 2013, the University of Chicago professor Harold Pollack interviewed the financial journalist Helaine Olen. And, during their conversation, he made an offhand suggestion: if you’re a personal finance neophyte, everything you…
How New Cars Keep You Poor–And Why You Should Buy Used Cars Instead, Then Invest What You Save
In the opening chapters of the bestselling book Rich Dad, Poor Dad, Robert Kiyosaki offers a central piece of advice: “You must know the difference between an asset and a liability, and…
Nobel Prize-Winning Psychologist Daniel Kahneman Explains Why Index Funds Beat Stock Picking, and The Key Question All Investors Must Ask Themselves
This past week, the influential psychologist and economist Daniel Kahneman passed away at age 90. The winner of the 2002 Nobel Prize in Economic Sciences, Kahneman wrote the bestselling book Thinking, Fast…
Why It’s Hard for Americans to Retire
Americans don’t do a great job preparing for retirement. As the Vox video above explains, that comes down to two basic reasons. First, the United States generally lacks the pension systems found…
How to Create a Conscious Spending Plan, Then Save & Invest Your Money : Ramit Sethi’s “Get Rich” Playbook
Ramit Sethi—the author of the bestselling book I Will Teach You to Be Rich, and the creator of a podcast by the same name—has a playbook for how you can “set up…
Warren Buffett Explains the Power of Compound Interest
Even as a youngster, Warren Buffett was already thinking about compound interest, an important way to generate wealth. He understood that once you make an investment, it can earn interest. And then…
The Algebra of Wealth: A Formula for Financial Security from Entrepreneur & NYU Business Professor Scott Galloway
Over the past several years, Scott Galloway–a serial entrepreneur and NYU business school professor–has moved into the public spotlight. Through two podcasts (the popular Pivot podcast with Kara Swisher and his own…
Why You Should Diversify: A Key Investment Lesson from Economist Alex Tabarrok & Vanguard Founder John Bogle
Alex Tabarrok and Tyler Cowen–two professors at George Mason University–created Marginal Revolution University, a website where top economists provide free courses and lessons on economics. In the video above, taken from a…
Wealth Is the Money That You Save, Not the Money You Spend: Advice from Morgan Housel, Author of the Bestselling Book The Psychology of Money
In 2020, Morgan Housel published The Psychology of Money: Timeless Lessons on Wealth, Greed and Happiness—a book that has sold more than four million copies, and has now been translated into more…
Essential Advice for Any Investor from Jack Bogle, the Founder of Vanguard
Jack Bogle spent his life serving the ordinary investor. In 1975, he created the Vanguard Group, which has allowed everyday investors to buy “low-cost index funds to build a diversified portfolio of…
