Money

Young & Prudent: The Only Certainties are Death and Taxes

Young & Prudent: The Only Certainties are Death and Taxes

Change is a constant. It’s the only thing we can all rely on. But still, it continues to take us by surprise. Personally, I am always working on being better at taking it in my stride. Wall Street Daily is in the midst of making a shift and becoming part of an affiliated publication called...

How to Invest a $10,000 Windfall

How to Invest a $10,000 Windfall

Today is your lucky day! You’ve suddenly come into a $10,000 tax-free windfall. Now, what do you do with the money? I know most would splurge on a vacation or the down payment on a new car or some other extravagance. But when unexpected extra funds find their way into our lives – whether from...

Young & Prudent: The Big Spend

Young & Prudent: The Big Spend

I am proud to say that I’ve been able to use my unique living situation to my advantage. I don’t get paid much working at a meditation retreat center in northern Vermont. But, I do get room and board, which means my monthly living expenses are minimal. With a little bit of freelance work, I’ve...

Read More, Spend Nothing

Read More, Spend Nothing

As a kid, I spent a lot of time in the library. Heck, there was an entire class in elementary school devoted to the library, and I loved it. Sure, we had to learn a few monotonous tasks – like how to use the Dewey Decimal System, and check out books – but, we also...

Young & Prudent: Space for Time and Money

Young & Prudent: Space for Time and Money

“Since death is certain, but the time of death is uncertain, what is the most important thing?” This is a favorite contemplation of Pema Chödrön, the renowned western Buddhist teacher and prolific author. When I meditate on this, the first answer pops into my head is: time. The value of time has been a poignant...

Don’t Get 401-KO’d

Don’t Get 401-KO’d

Retirement aside, owning a home is the most significant financial milestone of our lives. Yet many Millennials, who are struggling to reach the same financial milestones as their parents, have found home ownership particularly elusive. According to a report from the National Association of Realtors, the number of Millennials living with their parents increased almost...

Investing at Every Age, in Every Stage of Life

Investing at Every Age, in Every Stage of Life

When I was a financial advisor, I aimed to ensure my clients understood that investing is a lifelong process. Rather than a hobby to throw money at every once in a while, investing should be a constant, a way to interact with the economy and grow a portfolio. Of course, before investing it’s important to...

Young & Prudent: Looking Into the Face of Spending Temptation Part 2

Young & Prudent: Looking Into the Face of Temptation Part 2

I’ve spent the last two weeks doing exactly what I’ve been avoiding for the past five months. In my last column, I explained how my desire to spend while living in rural Vermont has lessened so much, I’ve been able to save more in the past five months than I have in my entire adult...

Cutting the Television Cord to Curb Spending

Cutting the Cord to Curb Spending

A few weeks ago, my colleague Samantha Solomon wrote about lessening her desire to buy, a topic that doesn’t receive nearly enough attention. I’m sure everyone has felt that burning desire to buy something, regardless of whether we really need it. We just want it, and after all, we work hard for our money, don’t...

Get Ready for the Second Half of 2016

Get Ready for the Second Half of 2016

Thus far, 2016 has been an absolute rollercoaster ride of market ups and downs for investors. In January, the talking heads foretold recession. Now, the S&P 500 is on the verge of setting a new all-time high, oil has closed above $50 for the first time since last July, and thanks to the sinking U.S....