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Thing One   To Pay Down Or Invest, That Is The Question   To get to the answer you are going to have to balance potential returns against the cost of borrowing. Totally paying off debt is like earning a guaranteed return equal to the interest rate of the debt. For example, if you have a credit card debt with an 18% interest rate, by paying it off, you effectively gain an 18% return on your money, which is often higher than what many investment vehicles might offer in the shor

Thing One   Revisiting The Social Security and Medicare Issue   We've previously mentioned the ticking time bombs that are the Social Security and Medicare trust funds.  The former is projected to be insolvent by 2035 and the later by 2026.  Given the dire nature of the situation, we believe that all options for addressing the impending crises should be on the table, including means testing, which would essentially reduce benefits for well-off “older people”.  With that in mi

Thing One   Reagan Told Us The Secret About Corporate Taxes   "...The government has only two ways of getting money other than raising taxes.  It can go into the money market and borrow, competing with its own citizens and driving up interest rates which it has done, or it can print money.  And it’s done that.  Both methods are inflationary.  We’re the victims of language.  The very word inflation leads us to think of it as just high prices.  Then, of course, we resent the pe

Thing One   Money Tips For The New Year   The following is from Savings Pro economist, Mark Bradley   "What are the stupidest money mistakes most people make?   Where do I start?   I’m a huge financial nerd, and have spent an embarrassing amount of time talking to people about their money habits. Here are the biggest mistakes people are making and how to fix them: Not having a separate high interest savings account Having a separate account allows you to see the results of al

Thing One From the archives… Some (Useful) Bias Training " It’s funny what a bull market can do to our brains. . . . Money earned...

Thing One You and Your 401k The beginning of a new year is a great time to take a look at your retirement plans and make the...

Happy New Year (In Two Days)! Thing One A Thought For The New Year The following is an excerpt from a book called, Personality Isn’t...

Thing One Friedman's Four Things Explains Poor Public Anything Milton Friedman, a renowned economist and author once explained that...

Thing One Making A Case For Bitcoin? While doing an interview about the virtues of bitcoin with Jim Cramer, Saifedean Ammous, the author...

Thing One If It Sounds Too Good To Be True, It Probably Is I took an inquiry recently from someone who had been approached about a...