James C. Molet's Blog, page 41

Living Frugally: Return of the Clothesline

According to the Consumer Energy Center, clothes dryers can be one of the most expensive home appliances to operate, using approximately 6% of a home’s total electricity usage. That likely doesn’t come as a surprise to many readers. Dryers are definitely energy hogs! If you happen to be looking for a new dryer, or any... Read Article →

Empire of the Fund – A SavvyReview and Giveaway

Empire of the Fund: The Way We Save Now Hardcover: 218 pages Publisher: Oxford University Press (2016) The About the Author at Amazon notes that William Birdthistle is a Professor of Law at Chicago-Kent College of Law, where he specializes in investment funds and corporate law. Previously, he served as a law clerk to the Honorable Diarmuid F.... Read Article →

Job-Hunting Millennials and Employment in the Federal Government

The greying of the federal-government workforce could soon create a hiring crisis as a large swath of older workers retires in the coming years and a new generation declines to fill the breach. Simply put, most young people who are in job-search mode tend to look elsewhere, finding no motivation to vie for federal government... Read Article →

Reading is Fundamental … and Necessary

One of my earliest SavvyRecommendations was the book, The Millionaire Next Door. I noted then that it was one of the first books I read when I started on my own road to financial freedom. In the book, the authors Thomas J. Stanley and William D. Danko summarize findings from their research into the key characteristics that explain how... Read Article →

Have You Settled on a Definition of Wealth?

We often hear the terms rich and wealthy bandied about. Leaving aside the question of rich, we’ll focus on wealthy. There is no doubt that there are many different opinions about what constitutes wealthy. Some consider investable assets ($500,000, $1,000,000, more?), some think in terms of income ($100,000, $150,000 or $400,000 per year?), while others... Read Article →

Olympic Athletes Share Goal-Setting Secrets

The following is a guest post by Janet Stanton Burt from SEI Goal Investor. The elite athletes gathering at the Olympics in Rio De Janeiro this August are experts in goal-setting and motivation. Could their mental strategies help you manage your money more effectively? As competitors from around the world gather in Rio de Janeiro... Read Article →

Retirement Money Pits

Investing for retirement is an incredibly important thing. We always want to make sure that we have enough money to survive without having to find work in our golden years. That’s why so many retirees get sucked into retirement money pits. Today, we’ll talk about five retirement money pits savvy individuals should navigate carefully. #1: Short-Term... Read Article →

A SavvyInterview – Meryl

Meryl Wiener is a Partner at Warsaw Burstein, LLP in New York City. Ms. Wiener advises financial institutions, investment managers and hedge funds on a broad range of regulatory, compliance, securities, registration, inspection, organizational and structural matters.She focuses on the Investment Advisers Act of 1940 and represents clients in connection with regulatory examinations and enforcement proceedings.... Read Article →

A Thing of the Past … Facebook

A thing of the past. At least for me. Regular readers of this blog know that I often mention the concept of total well-being. The idea is that every day you should do, or experience, something which improves your mental fitness, physical fitness, fiscal fitness, and spiritual fitness. While everything you do doesn’t necessarily have... Read Article →

… Nor a Lender Be

“Neither a borrower nor a lender be, for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry.” Polonius, Hamlet Act I, Scene 3, 75 – 77 Do Not Loan Money I never loan money. Ever. At first glance, that statement might strike you as miserly. Nothing could be further from the... Read Article →