June 29th, 2010
I turn 28 today.
I know I shouldn't ask for birthday gifts, but I couldn't resist.
Will you share one specific thing that I Will Teach You To Be Rich has helped you to do? Maybe it was paying off your debt, or earning more money, or automating your finances. Maybe it was handling money better with your partner. Or ...
June 24th, 2010
As you know, I love mocking people who believe that we are "rational" and "logical." These tend to be economists, engineers, and other people who are clueless about human behavior.
One of the best ways to reveal the difference between what rational people "should" do and what real people actually do is to talk about rebalancing and asset allocation.
June 22nd, 2010
From a terrific Gawker piece, look at these magazine covers. Notice anything?
They're all the same!
Magazines are designed to sell advertising, not good financial advice. Yet millions of Americans get their kooky investing ideas from so-called personal-finance magazines. This is why people think "stocks=investing" and are fascinated by alternative investments, but don't know the first thing about setting ...
June 20th, 2010
A few weeks ago, while I was at a conference in DC, I was attending a panel on email marketing when someone raised their hand and asked a question about advertisers and CPM vs. CPA. If you've ever been to a tech conference and waited for the Q&A period, this is about when you start contemplating different ways ...
June 17th, 2010
Two days ago, I saw a post on the New York Times' personal-finance blog, Bucks, where a woman recommended lying about your salary history in an interview.
Now, I've taught thousands of people how to negotiate, but lying is something that only amateurs do. They lie because they don't realize there are other, more powerful levers to pull -- without ...
June 16th, 2010
Occasionally, we do large-scale "I Will Teach You To Be Rich" surveys and analyze the data. In the past, we've analyzed what people wish they'd saved for, what people spend on Valentine's Day, if people spent less because of a recession, and the differences between men and women when it comes to money.
Today, I'm running another survey. This time, ...