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How Lucky we are

Being Thankful For “Luck”

After reading “To Get Luckier, Realize Success Is Mostly Luck” by Sam at Financial Samurai I decided to take a look at my life to analyze how luck has played a part in getting my family to where we are today. Overall, I don’t believe that luck plays a huge …

Can I borrow 20 Trillion?

How To Balance The Federal Budget

The United States has not balanced the federal budget since 2001, in fact the federal budget was only balanced for 1998, 1999, 2000, and 2001 since 1970! Also, in every one of those years the budget only balanced because Social Security revenue was greater than expenditures and the government used …

double-your-money

Gifting an Inheritance at Birth

In my article Building Generational Wealth I discussed how I plan to contribute $16,000 to my grandchildren at birth in order to give them a huge jump start on wealth building.  Using the rule of 72 and an assumed 8% annualized return,  $16,000 will become $74,000 at 20, $161,000 at …

When Treasuries Go To Zero

How Cheap Are Mortgages When Treasuries Go To Zero?

Across the world, the interest rates on Treasury bills have turned negative in many different countries.  In this bizarre scenario, depositors pay the bank to hold on to their money, rather than the bank paying them interest. Such a scenario is obviously not good for depositors, but what about borrowers? …