Get Rich Slowly

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In the fall of 2004, I had over $35,000 in consumer debt. I was making a solid middle-class salary, but I lived paycheck-to-paycheck. My money [...]

Vintek pointed me to a Bill Moyers interview with John Bogle, founder of The Vanguard Group and patron saint of index funds. (He’s also one of my financial heroes.) Mostly, the conversation revolves around the problems with the modern U.S. economy:

BILL MOYERS: What is the job of capitalism?
JOHN BOGLE: Well, ultimately, the job of [...]

Several people forwarded a recent Reader’s Digest article about the secrets of self-made millionaires. It’s a quick and inspiring read.
“Many modern millionaires live in middle-class neighborhoods, work full-time and shop in discount stores like the rest of us,” writes author Kristyn Kusek Lewis. “What motivates them isn’t material possessions but the choices that money [...]

I’ve edited this post to clarify a few things, and to add information researched by GRS readers. Thanks!
The average investor cannot beat the market on a regular basis. For her, index funds are the best investment. Even a majority of professional money managers fail to beat the market most of the time. However, there are [...]

How often can you hear advice from the world’s greatest investor? In 1998, at the beginning of the tech bubble, Warren Buffett spoke to a group of MBA students at the University of Florida. He spent ninety minutes answering questions about his investment philosophy. Though this presentation was made almost nine years ago, his advice [...]

Yesterday I mentioned a Money magazine article called “The Best Advice of All Time”. The web version has been posted, though it’s in the annoying “gallery” format. (It does contain links to supplemental information, though, which is cool.) Here’s a list of the “rules”, along with the quotes that author Carla Fried chose to pair [...]

This is a guest-post from Liz Weston, one of my favorite professional personal finance writers. You guys send me more articles from her than from any other expert. (Except maybe Ben Stein — you like him, too.)
Suze Orman set off quite a stir a few months ago in a New York Times interview. Although some [...]

In my review of The Secret, I complained about the get rich quick mentality the book espouses. I was particularly cranky at the financial “advice” to visualize checks coming in the mail. That tip came from David Schirmer, an Australian financial “expert”. Here’s the complete passage from The Secret:
When I first understood The Secret, every [...]

This just in!
The Los Angeles Times web site has a blurb on many of its pages this morning announcing that personal finance columnist Kathy Kristof will be answering questions in an online chat today (Thursday, May 17th) at 1:00 pm. Pacific. (Which is 4:00pm Eastern.) You can find her in the LA Times personal finance [...]

Your career is one of your most important assets. After your health, it plays the largest role in determining your ability to acquire wealth. Penelope Trunk’s Brazen Careerist is a weblog filled with practical workplace advice that that can help separate you from your peers. Some of her past articles include:

How much money do [...]