Save Money by Doing Nothing. Literally.

John Bogle wrote something interesting in The Little Book of Common Sense Investing:
“The way to wealth for those in the business is to persuade their clients, “Don’t just stand there. Do something.” But the way to wealth for their clients in the aggregate is to follow the opposite maxim: “Don’t do something. Just [...]

Fidelity to Offer Target Date Index Funds

I caught this from Jonathan over at MyMoneyBlog and was extremely happy to see it.
If you’re needing to set up a Solo 401k (a great deal if you’re self-employed because you can contribute the maximum as an employee and then do a profit-share as the employer up to 25% of your W2 wage — not [...]

Growing Tomatoes. Finding Joy in the Journey.

2009 is officially the Year of the Garden (2010 is the Year of the Laying Hen, but that’s for another day).
Of all the plants we set to nurture and grow, the ones I looked forward to the most were the tomato plants.
Had I known that I would start the Tomato Journey the weekend after Mother’s [...]

How Much Does that Cost? (Part 2 of 2)

If it has been a little while since you have read part one, go back and review first. The reason is that I am not going to give any background or explanations. I am just going to pick up where I left off, as if you had just turned the page.
What’s a Dollar?
My [...]

How Much Does That Cost? (1 of 2)

“We just got a subscription to Dish Network. We need a way to relax and we figured that it is only $33 per month out of our budget. We deserve it, and it’s really not much money.” I am confronted with a variation of this comment much more often than I would like to be. [...]

Annuities – Variable Annuities (Part 4 of 4)

While I didn’t have a whole lot of good things to say about Fixed and Equity Indexed Annuities, I do have a few more positive things to say about Variable Annuities. I actually see some real benefits to some of the Variable Annuity products out there, and have found them to be the best choice [...]

Annuities – Equity Indexed Annuities – (Part 3 of 4)

There are a lot of annuity salesmen out there that are not going to like what I have to say about these types of annuities. There are many strong arguments (sales pitches) in favor of them. And, I am willing to admit and accept the fact that my opinion is just that, my opinion. I [...]

Annuities – Fixed Annuities – (Part 2 of 4)

There are three kinds of annuities: Fixed, Equity Indexed and Variable. The next three parts of this article will address each one. I will explain how each works, what the pros and cons are, and my overall opinion of the type of annuity and when it might be appropriate.
Fixed Annuities
A fixed annuity is the insurance [...]

Annuities – The Basics (Part 1 of 4)

There are few people who haven’t at least heard the word annuity. But I think that there are few people who actually understand what an annuity is. I think it is important to understand what an annuity is because there is a very large effort in our country to get people to invest their money [...]

A Scam of the Highest Degree

A year or two ago I received a phone call from a couple that I know, but that were not clients. The wife was on the phone and told me that they were about to sign refinance papers on their house the next day but were having reservations. They wanted to get my opinion on what [...]

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This is The Wallet. My name is Jesse Mecham, founder of YNAB. Here I focus on the YNAB methodology, software, personal finance, and more.

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