Articles

Filter by Category:

All Risk Sentiment Debt Retirement Mindset Geopolitics Bonds Investing Life

It Pays to Go Through the Back Door

It Pays to Go Through the Back Door

Go through the back door, not the front door.

Read more

No Savings at 50? Your Ticket to a Comfortable Retirement

No Savings at 50? Your Ticket to a Comfortable Retirement

So, you've made a huge mistake. Gone are your 20s, 30s, and 40s. You're, say, 50, and staring down the barrel—you haven't saved any money for retirement.

Read more

A Recession Would Be Good for These Stocks

A Recession Would Be Good for These Stocks

Let’s start with some good news…

Read more

Your Middle-of-the-Road Debt Solution

Your Middle-of-the-Road Debt Solution

When it comes to debt, I try to avoid being one of those guys who screams, “Cut up all your credit cards!”

Read more

Money Is More Important Than You Think

Money Is More Important Than You Think

Money is more important than you think it is.

Now, when I was a kid, all I heard was that money wasn't that important. That's what people told me all the time. They’d say it was who you are as a person that was more important.

My parents said it a little bit, but I mostly heard it in school. Teachers would say it all the time. You’d hear it in church too. Basically, everyone in my town said it.

“Money is not important”—I heard it from everyone around me. And while it's true that money is not the most important thing in the world, it’s still essential.

Because you want enough money to have a basic standard of living that’s comfortable, right?

Comfort vs. Hardship

Comfort means different things to different people. Some people are comfortable in a tiny apartment; other people are comfortable in a 10,000-square-foot house.

What “comfortable” really means is that you don't have to think about money all the time.

If you're someone who lies in bed, can't sleep, and constantly thinks about how you’re going to pay the rent, I would not characterize that as comfortable.

Anytime you are forced to make an economic choice like that, then you are not comfortable within reason. I'm not talking about flying on private jets, but you lack comfort if you're deciding between getting your car fixed or going on vacation.

That's hardship. You're being forced to choose between two things that you need. What you want to do is get to a point where you’ve mastered your personal finances. So, you want to be able to fix the car and go on vacation. That’s comfort.

The fewer economic choices like these that you need to make, the more comfortable you are. It's as simple as that.

Investments of Your Time

One of the things I used to talk about on the radio is that when you're younger, you make investments of your time so you can make more money when you're older.

I did not have any fun in my 20s. I was working all the time. I'm still working all the time, but I'm doing things that I want to do, like earning my MFA in creative writing without having to worry about student loans.

Some people get this backward: They screw around when they're younger, and then they get to age 50 and they're stuck.

I'm at the point in my life where I don't have to make a lot of economic choices. If I want to buy a pair of boots, I can buy a pair of boots. I don't have to think about how I can't afford something else.

The best thing about reaching this point is that you are dealing from a position of strength. If the car dirtnaps and costs three grand to fix, it's no big deal. Sure, it sucks… but you pay it and life goes on. It's no longer a crisis, and unexpected expenses no longer have an effect on you.

Jared Dillian
Jared Dillian

 

Let Jared Help! Depending on your comfort level, we suggest picking one of these four options to get started:

  1. How Do I Start Investing? FREE Course: The thought of learning how to invest can seem intimidating. But it doesn’t have to be.

    With the right approach, you can kickstart your investing journey with the certainty you’re getting exactly what you need. How Do I Start Investing? is the perfect guide for when you’re ready to dive in.

  1. Jared Dillian’s Strategic Portfolio: Get access to Jared’s stress-free portfolio with this monthly newsletter.

    Timely, actionable investment ideas on exchange-traded funds that can help you mitigate volatility and build a resilient and profitable core portfolio, protecting you in bad times while prospering in good times. Yearly subscriptions available.

  1. The Daily Dirtnap: Jared’s macro newsletter for investing professionals. This daily letter takes a top-down approach, looking at the various asset classes, including stocks, bonds, currencies, and commodities. Join over 4,000 readers who read his market insights every weekday.

  1. Street Freak: As the most active of Jared’s portfolio products, Street Freak is an aggressive stock-picking newsletter. It’s written for astute investors who crave creative, fresh macro analysis and forward-looking trade ideas so they can invest more opportunistically, without much hand-holding along the way.

    Adjusted for risk, of course. But this is not for the faint of heart. Jared and his readers are trying to make a lot of money here.

 
What Are You Going to Do in 2023?

What Are You Going to Do in 2023?

I have a piece of advice for you…

Read more

‹ First  < 14 15 16 17 18 >  Last ›