Why You Should Follow Greg McFarlane At Control Your Cash

It can be difficult to make a name for yourself in the sphere of personal finance writing. In a way, writing about investing and general money-related philosophies is a lot like writing about weight loss. Just as weight loss tips are all some variation of “restrict calories/ exercise more”, everything in personal finance eventually boils down to some variation of “spend less than you earn, and do something intelligent with the difference.”

But Greg McFarlane at Control Your Cash is different. He writes in a raucous tone that encourages investors to think in terms of intelligent behavior, rather than what is typical. McFarlane writes in a style that points out the opportunity costs of every financial decision you make, often in a style that people don’t want to hear. Plan on spending $30,000 on a wedding? McFarlane is going to tell you that $30,000 compounded at 8.25% for 40 years is going to equal $888,000 in foregone wealth when you retire, and he is going to point out that a one-day wedding is going to cost you about $35,000 in easy, annual dividend money that you could be having deposited into your checking account each year.

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Originally posted 2013-08-05 08:31:20.

The JFK Investing Endgame

When I contemplate the most significant figures of American history, I am often struck by how much the background of economic prosperity enabled and facilitated their life work to come. Benjamin Franklin found economic success in selling his Poor Richard’s Almanack as the first self help book aimed at the poor and middle class. As Benjamin Franklin’s hero, the great Samuel Johnson, once said of the absence of money: “It certainly destroys liberty, and it makes some virtues impracticable and others extremely difficult.” If Poor Richard’s Almanack did not sell, Benjamin Franklin may have never invented bifocals, the Franklin rod, contributed to scientific research with his lightning rod experimentation, founded Philadelphia’s fire department or even the University of Philadelphia.

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