It is time for my personal finance and investing journal update. Let’s update the State of my Stash…
Continue reading “State of the Stash – June 2021”State of the Stash – June 2021
Quarterly update of my personal finance and investing journal.
Tag: inflation
“A Single Family Home is a Great Investment”
This will be a short personal finance post. There is an odd series of claims made in the ongoing debate about the merit of home ownership in the personal finance community. Some very famous financial personalities/authors have said rather controversial things about buying a home. Among these takes are: “your house is not an asset,” “your house is a liability,” “renting will make you rich,” and “all debt is evil.”
A lot of these statements can probably be partially excused as attempts to have a “hot take” to shock readers into undertaking a critical examination of the conventional wisdom that owning a home, rather than renting, is a no brainer or “the best way to build wealth.” Similarly, the slogans in favor of buying homes are also probably attempts to shock people into the (huge) action of buying a home. So what is the right answer?
MoreI’ll Have What He’s Having – Behavioral Personal Finance
Behavioral Finance Tricks I Use on Myself
So, I have not written a ton about personal finance topics on this blog. In my mind, I am kind of holding off on those topics until and unless I am able to accumulate a significant amount of financial assets and reach “financial independence.” If there is an interest in more discussion of these sorts of topics, drop me a comment and I will try and oblige.
A few weeks ago, Daniel Egan who is with Betterment (a robo-advisor) shared a recent post he published on the Betterment blog. By the way, Egan is a good follow on twitter (@daniel_egan). The post was about how he uses lessons from behavioral science to help him manage his personal finances.
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