Scrooge Strategy

Archives —
May, 2006

You are viewing the I Will Teach You To Be Rich Archives. If you are looking for a specific post, try using the search box on the top right of the page

7

A nice/weird post about shrimp and investing

A nice post from the Kiplinger blog about boiled shrimp and investing (huh?):
Boiled Shrimp and the Sunk-Cost Fallacy

3

If you use Tivo, Facebook, MP3s, or a cellphone…

I’m writing a document on how young people like us use technology (cell phones, TV, Tivo, MP3s, etc), and I want to get comments from everybody before I send it out to VCs, entrepreneurs, and a bunch of other people.
If you use a cellphone, TV, etc, please help me fill in the gaps!
Go here: [...]

7

“I should research before opening an investment account”

From an IM chat with a friend yesterday:
Friend: i feel like i should do some research on what to invest in before i open up an account?
Ramit: why?
Friend: when i open the account, won’t i have to buy something?
Ramit: that is an interesting question
Ramit: no
Ramit: your money just sits there in an account
Friend: but the [...]

1

Reminder: I’m speaking tonight in the Bay Area

If you want to see my 1-hour personal-finance talk, I’m speaking on the Stanford campus tonight at 7:30pm. Details here.

9

2006 Makeover, Step #4: Open your retirement accounts

Oh, in case you didn’t catch it over the weekend…the 4th step in the 2006 financial makeover is about opening your retirement accounts. Check out The World’s Easiest Guide To Understanding Retirement Accounts.
Previously:

Step 1: Get your accounts in order

Step 2: Budgeting and saving

Step 3: Thinking about investing

77

The World’s Easiest Guide To Understanding Retirement Accounts

I want to be clear about something: I’m sincerely interested in doing less and less work as I go through my life. That’s why I’m always puzzled when I meet people on a career path that will have them working more, not less. That’s like being a real-life Mario Brother, where every progressive level you [...]

How much have you saved
using Ramit's advice?





$
Only numbers please