What Lottery Tickets And A Range Rover Teach Us About Personal Finance

I saw a guy walking to his brand new Range Rover as he scratched off lottery tickets he’d just bought at the gas station. As I filled up my Honda, I watched as he got into his Range Rover- because I just wanted to convince myself that it was his car.

Now, I came up with these pressing questions and I really wanted to investigate:

  • Is he wealthy? Maybe he’s leveraged to the max and only leasing a Range Rover.
  • If he’s wealthy, did he get that way by playing the lottery? Odds are that he didn’t. This website states that the odds of winning the Missouri Lottery (my home state) are 1 out of millions, depending on the game you play. So, the answer is probably a no.
  • Did he get wealthy through some other means (work, inherited wealth, etc.) – and he simply plays the lottery for fun? That’s probably it.

Continue reading What Lottery Tickets And A Range Rover Teach Us About Personal Finance

Trip to the Vet: A Personal Finance Story (Chap. 11)

Authors’ note: 

Explaining personal finance can be pretty dull. That’s a problem, if you need to learn personal finance.

On a plane from St. Louis to Seattle, I decided to try and fix the problem. What if I could wrap some personal finance concepts inside of a quirky (funny?) short story? My goal here is to present some information, and then add another step in the story. So, when you get to the end, you’ve been reminded of an personal finance concept- but you’ve received the information in a light-hearted way.

This blog post explains the benefit of funding a retirement plan, and how a retirement plan rollover works.

Anyway, that’s the goal here. The stories are written in chapter order, so that there is a logical flow for the reader. Enjoy!

Dan was on his way to the vet when Cindy called.

“Did you feed Louie this morning?”

“Yeah- I’m gonna be about 10 minutes every to the appointment”. Dan glanced at the clock on the dashboard.

Continue reading Trip to the Vet: A Personal Finance Story (Chap. 11)

The Hungover Caddy: A Personal Finance Story (Chap. 10)

Authors’ note:

 Explaining personal finance can be pretty dull. That’s a problem, if you need to learn accounting or finance.

On a plane from St. Louis to Seattle, I decided to try and fix the problem. What if I could wrap some personal finance concepts inside of a quirky (funny?) short story? My goal here is to present some information, and then add another step in the story. So, when you get to the end, you’ve been reminded of an personal finance concept- but you’ve received the information in a light-hearted way.

This blog post explains the factors that impact your credit rating, and how you can take steps to correct your credit information.

Anyway, that’s the goal here. The stories are written in chapter order, so that there is a logical flow for the reader. Enjoy!

Dan noticed the logo on a golf shirt as he walked out the door of Panera: Old Hickory Stick. A young guy in his late teens was walking in, looking bleary-eyed.

Continue reading The Hungover Caddy: A Personal Finance Story (Chap. 10)