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How Rich Am I? How Rich Are You?

By Keith Schroeder / September 18, 2017 / 10 Comments

Over the years I have been accused of being a millionaire by clients. The quest was to discover how much wealth their accountant had. I was mum. Few of my local clients read this blog; only the few who do know the scope of my wealth and understanding of money. The inquisitors would have been…

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How to Lose a Million Dollars in a Day

By Keith Schroeder / September 15, 2017 / 11 Comments

There is an insidious side to the FIRE (financial independence, retire early) community nobody wants to talk about. I was aware of this issue for some time as the owner of an accounting practice. What I found most disturbing is how blatantly bloggers and talking heads in the demographic keep giving advice that will lead…

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Problems with Owning Individual Stocks and Index Funds at the Same Time

By Keith Schroeder / September 13, 2017 / 8 Comments

When you begin your journey towards financial independence you can’t imagine some of the problems along the way. Investing starts out larger than life and scary until you see how simple index funds make investing in large successful companies is. Before long you have a large nest egg in your 401(k) and IRAs. Eventually your…

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Debt Collector’s Suicide Bomb

By Keith Schroeder / September 11, 2017 / 14 Comments

This blog post is part of the Suicide Prevention Awareness Month blog tour in partnership with Debt Drop. If you are feeling suicidal, please call the National Suicide Prevention Lifeline at 1-800-273-8255 or text HOME to 741741.   In the waning days of the second millennium of the Common Era I found myself in Austin,…

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Nuclear War and Money

By Keith Schroeder / September 8, 2017 / 1 Comment

There is an old story on Wall Street about a young stock broker during the Cuban Missile Crisis. The world hung in the balance as President Kennedy came on television to inform the American people 50 Soviet cities were targeted by U.S. nuclear weapons if the Soviets attempted to run the blockade of Cuba. Those…

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Fear and Doubt

By Keith Schroeder / September 6, 2017 / 3 Comments

Every experience in your life until this moment was a dress rehearsal for now. Comfort is your worst enemy. Change is the only path to a brighter future. And fear and doubt follow in step. Mediocrity is what we get when we say “life is good enough” when a new opportunity knocks. It happens in…

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This is What Happens When You Start a Business After a Career Setback

By Keith Schroeder / September 4, 2017 / 3 Comments

Today is Labor Day in the States so I decided to do a bit less of it (for one day; okay, I took off the whole weekend). Larry Mager has been gracious enough to write today’s message. It goes well with the Labor Day theme. The link to Larry personal project, ReadyBrain.net is at the…

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Better than Raising the Minimum Wage

By Keith Schroeder / September 1, 2017 / 11 Comments

The minimum wage has come off the front page recently as the economy expands and other matters of national interest steal column inches from the headlines. The issues haven’t gone away. The minimum wage is sure to rear its ugly head again. In the past the argument revolved around how much to raise the minimum…

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