Category: Friedman’s Law of the First Thing

Living Trusts are All About Avoiding Men in Black Robes

This edition of Friedman’s Law of the First Thing is about living trusts — what are they, what are they good for (absolutely somethin’) and what are they not good for? *  *  * In a weird way, Dave Ramsey is my muse — I hear him say something on […]

Friedman’s Law of the First Thing: Using the Investment Adviser Public Disclosure Site to Smarten Up About Financial Planners and Money Managers

Oodles of ’em. Oodles and oodles of ’em, even. There are oodles and oodles — and then some — of articles out there about how to find, interview and ultimately hire yourself a good financial planner or money manager. I can’t recall a single one of them, though, talking about […]

Friedman’s Law of the First Thing: Macroeconomics and The Sequester

Imagine that you live in a world with three people: a farmer, a tool builder, and a tailor. Got it? So the farmer grows the food all of ’em eat, the tool builder builds the tools all of ’em use, and the tailor makes the clothes all of ’em put […]

Friedman’s Law of the First Thing, as Applied to Income Taxes: Marginal Tax Brackets

Friedman’s Law of the First thing says that, for each aspect of your financial life, you should know, at least, the first thing about it. Now, it might be that some of you should know, or might benefit handily from knowing, the second, third, fourth and even the x’th thing about […]

Friedman’s Law of the First Thing, as Applied to Investing: Market Caps

Investing, I’ve been known to say, is not, for most people, the key to financial health — probably not even in the Top 5 determinants of financial health (briefly: Numero Uno is savings rate, Numero Dos is making-a-living happiness, Numero Tres is having a feeling of currently being in control, Numero Cuatro is […]

<<   Older Posts