J.C.’s Money Blog

I just treated myself to another episode of the Suze Orman show, and she took an email question from a viewer, but I have to disagree with her answer…
Joseph, 32, owns his own house cleaning business and has saved up $1.2 million. He owns his house and two cars outright and has a wife and [...]

[Read more →]

In a previous post, I mentioned that a liquid net worth of $1 million represents financial freedom to me, because you can earn as much as the average American purely from interest. Unfortunately, due to the effects of inflation, your $1 million won’t be enough to keep you afloat forever, if you want to keep [...]

[Read more →]

My lifelong goal is to save up $100 million. This may seem ridiculous, but it’s not really. I am about to turn 30, and I want to achieve my goal by the time I turn 75. That gives me 45 years of compounding to make it happen.
Because I quit just my job this year, my goal for [...]

[Read more →]

The Heisenberg Uncertainty Principle from modern physics says the following: anytime you measure something, you impact it in some minute way. So anytime you measure something, your measurements are inaccurate by some quantity of uncertainty, because the simple act of measuring it, changes it. There is some math behind it, and it is completely irrelavent [...]

[Read more →]

When I first heard of Dave Ramsey and his debt snowball concept, I was shocked and dismayed. How could a professional personal finance writer propose a system that costs you more money in interest than you need to pay?!
For those who don’t know about the debt snowball, it works as following:

Take all your different debt [...]

[Read more →]

Ever since I was a kid and learned that the bank pays you to keep your money there, the idea of living off interest has fascinated me. The concept that you can make just as much money with no risk doing nothing than someone working full time blew my mind.
Carlos Slim is now the richest [...]

[Read more →]