Michael

MichaelBlogger
Denver, CO

Grew up in the 70's, worked in finance for 15 years, dabbled in economic theory in school a little too much.

Here to share my insights on economics and finance!

Blog Posts by Michael:

Net Worth Defined With Precision

Net worth, the yard stick for comparing financial success is a loosely defined term (irritatingly so to our brains). See our diagram for the break down of "total" vs "investable" net worth. After you read ...

Financial Literacy, Net Worth

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Five Ways to Protect Yourself from Identity Theft

Identity thieves are out to steal your personal information so they can borrow in your name, access your benefits, or drain your accounts before you notice. There are a few simple steps you can take ...

Risk Reduction

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The Idea of Utility and Why It Matters for Budgeting

Utility is the overall usefulness you get from something. Everyone instinctively makes decisions based on utility all the time, but do you consider it when you make a big purchase or setup a budget?

Financial Literacy, Budgeting

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Twelve Reasons I Sleep Well at Night While Investing

When I was in my early 20’s I was adverse to the idea of putting money into retirement accounts. I knew on a basic level that my money was “safe” at my credit union and ...

Personal Finance

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Is It Better to Be Hourly or Salary?

In terms of raw take home pay, hourly can be much better compared to a salaried job with long hours. Salaried people should know their equivalent hourly wage especially when working more than 40 hours ...

Personal Finance

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Understanding Net Worth

Net worth is a way of measuring your progress towards financial goals. It is calculated by adding up the net market value of your assets and subtracting all your debts. If you want to build ...

Financial Literacy, Net Worth

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TD Ameritrade Commission Free ETF Shake Up

TD Ameritrade has decided to change out its entire commission free ETF lineup. They are dropping almost all the Vanguard and iShares ETFs. The list used to have 100 commission free ETFs and now it ...

Personal Finance

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Overdraft Protection - What Banks and Thieves Love

If a thief gets into your checking account, they can drain your checking account plus your savings account if overdraft is turned on. Overdraft may not be worth the risk if you have even a ...

Risk Reduction

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Don't Plan Your Retirement Saving, Automate It

The best day in my financial life was the day I started automating my retirement contributions. I recall a lot of stress in past years centered around market conditions, getting the ‘best deal’, and second ...

Personal Finance, Family and Finances

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Inflation - Why Prices Usually Go Up

Have you ever noticed that prices are slowly rising all the time? That effect is called inflation. We’ll discuss where it comes from and how to make it work in your favor, or at least ...

Financial Literacy

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