Existing Below Your Means

“Live Below Your Means”.

It’s probably the most well-known and obvious piece of personal finance advice.  Spending more than you earn will lead to debt, instability, and your livelihood being dependent on a job.

Then there’s the “personal finance 180” – you slash expenses, downsize your house, get rid of your car and sell a bunch of stuff, leaving you with a lean mean new budget and lifestyle.  … Read More

Pay Down Debt vs. Invest? I’m Split!

Literally!

The general assumption in investing is that the stock market returns around 7% a year on average.  Some years are better, some worse, with some variance due to fees and investment choices.  And so it goes that if you have debts with interest rates anywhere between say 3-6% (typically a mortgage or student loans), you have a difficult choice to make.… Read More

The Desire to Run Away

My all time favorite photography work is Broken Manual, by Alec Soth.  Manual was created from 2006-2010 and explores the desire of people to escape their lives and their means of doing so.  Soth has noted that the book is “not about people who run away, but about the dream of running away.”  Contrasts are made between the childhood fantasy of escape and the realities of those who actually did.  … Read More