Over the weekend, the New York Times ran a story about real estate prices that discussed how both home prices and land prices are going up again. The story is very much about how developers are looking for land. But it misses one key point: the house itself goes down in price, not up. If… [Read More]
Blog
Category: Financial Advice
In which I nearly fall for the anchor pricing trick
I’m not an Apple fangirl, but recently, a client asked me to buy an iPad for multimedia project. I started looking for a bargain, and then, I got paralyzed at checkout. I was told to get at least an iPad 2 with 16 gigs of storage, but then I started thinking – maybe I really… [Read More]
The blogger/Etsy/food truck economy
The picture is a slice of (poorly done) DIY culture, a shirt I made to help promote Chicago on the Cheap. In recent years, my business has shifted toward blogging and away from writing for publications. Back in 1997, Dan Pink published an article in Fast Company called “Free Agent Nation“. It was later expanded… [Read More]
Paying for college: Beanie Babies, hobbies, and investments
In financial terms, an investment is something that increases in value because it generates streams of money from dividends, interest, or rent. A store of value is something that, over the long term, is expected to increase at the rate of inflation but no more. Examples would be land and commodities or land. The problem occurs… [Read More]
Summer fun and your tax dollars
I live in Chicago, one of the world’s greatest cities. Every summer, there are almost too many concerts, festivals, and special events. But you know what? Wherever you live is pretty special, too. There are so many great places, all over the country. And your town has parks, museums, and special events, too. Your tax… [Read More]
