- Learning to dance: How couples can have constructive conversations about money
Today, the Get Rich Slowly summer of books concludes with an excerpt from Cashing Out: Win the Wealth Game by Walking Away from Julien and Kiersten Saunders. Julien and Kiersten are the power couple behind the rich & Regular blog and YouTube channel.The following excerpt from Cashing Out (published by Portfolio/Penguin) is used with permission. Copyright © 2022 by Rich & Regular LLC. This passage has been edited to be more readable on the web.Dr. Sue Johnson is a clinical psychologist who s…
- 2 days ago 9 Aug 22, 5:30pm -
- The power of non-monetary investments
The Get Rich Slowly summer of books continues! Today's excerpt comes from Jordan Grumet, better known in the FIRE world as Doc G, host of the Earn & Invest Podcast. When he's not talking about money, Jordan is a real-life hospice doc. His new book, Taking Stock, offers lessons from the dying to the living.The following is from Taking Stock by Jordan Grumet with permission from Ulysses Press. Copyright © 2022 by Jordan Grumet. This passage has been edited to be more readable on the web.I use…
- 9 days ago 2 Aug 22, 5:30pm -
- How to make better decisions
Howdy, friends. Sorry for the long lapse between posts. After returning from a brief summer vacation, the GRS database had imploded. Again. We patched things up this morning and can now resume publishing. Over the next couple of weeks, I plan to share excerpts from three recent money books.The following is from Buy This, Not That by Sam Dogen with permission from Portfolio, an imprint of the Penguin Publishing Group, a division of Penguin Random House LLC. Copyright © 2022 by Kansei Incorpor…
- 16 days ago 27 Jul 22, 2:24am -
- Cool projects from some of my friends
Hello, friends! I have a lot to say, and I've done a lot of work on Get Rich Slowly during the past three weeks, but most of my efforts aren't yet ready for public consumption.The site de-design is 95% complete, but that final five percent is fiddly. I could be ready to launch the new layout tomorrow — or it might be two weeks. It's tough to say. If you're curious, though, you can check out my current progress here. But be warned that the site isn't fully functional. (For fun, I mocked up thi…
- 43 days ago 30 Jun 22, 4:18am -
- How rising mortgage rates affect home-buying power
Interest rates on home mortgages are rising rapidly across the United States, which seems to be slowing most housing markets. (Some, like the market here in Corvallis, have been less affected. Give it time.)The average mortgage rate for a 30-year loan was about 3.0% at the start of the year; today, it's at 6.245% — even for somebody with an excellent credit score over 800.Kim and I are fortunate that we bought our home in 2021 instead of waiting until 2022. Mortgage rates weren't actually a…
- 57 days ago 15 Jun 22, 10:02pm -
- Growing up poor (and how it messed with my mind)
Hey, folks. We have/had a good discussion going here, but something happened to nearly all of the comments. I'm not sure what the issue is. They're still in the database, but they don't appear on the site. We'll work to solve the problem.Update: Holy cats! It's not only the comments on this article. It's the comments on every article on the site. They're all gone. I can see them in the database, but they're no longer tied to their posts. They're just here hanging in the ether. I have zero clue…
- 64 days ago 8 Jun 22, 10:15pm -
- The economic well-being of average Americans
Last month, the Federal Reserve released a new report: Economic Well-Being of U.S. Households in 2021 [PDF]. This annual survey gauges American financial health and attitudes. The 2021 edition was conducted last November.Here are some highlights from the report:Seventy-eight percent of adults were either doing okay or living comfortably financially, the highest share with this level of financial well-being since the survey began in 2013.Fifteen percent of adults with income less than $50,000…
- 70 days ago 2 Jun 22, 8:28pm -
- Scambaiters: Meet the modern-day heroes who scam scammers
Both my ex-wife (Kris) and my current girlfriend (Kim) tell me I get too worked up about things sometimes. "You over-react," they both tell me. Maybe so. I prefer to think of myself as passionate.One of the things I'm passionate about is scammers. I hate them. Scammers are evil, evil people who prey on the most vulnerable members of society. They take advantage of social constructs in order to manipulate people into parting with their hard-earned money.No surprise then that one of my favorite…
- 79 days ago 25 May 22, 2:02am -
- I lost money in crypto so that you don’t have to!
One morning just over ten years ago, I had an interesting conversation at the Crossfit gym. I was "rolling out" — using a foam roller to break up tissue — with the usual group of guys, when one of my buddies brought up this new thing called Bitcoin."Bitcoin is digital money," he said. "But it's completely private and not tied to a government.""How does that work?" I asked. From the very first moment I heard about cryptocurrency, it didn't seem to make any sense. My friend tried to explain.…
- 86 days ago 17 May 22, 10:08pm -
- One thing leads to another
Thank you, everyone, for your kind words and well wishes during the past two weeks. I appreciate them. We've been tying up loose ends related to Duane's life and death, and we're nearly finished with everything.Duane's memorial service is this Sunday. I've been collecting photos from family members, and have put together a slide show of memories. After the memorial service is over, the final loose end will be his financial accounts. We're prepped to handle those, however, and are just waiting o…
- 97 days ago 6 May 22, 10:53pm -