Three Things Worth Sharing
In the News - I was quoted again recently in two CNBC articles, another one focusing on I bonds ("Want to buy more than $10,000 in nearly risk-free I bonds? Here are a few strategies") and one about paying off credit card debt in the face of rising rates ("Here are some strategies to pay off credit card debt before interest rates rise again")
Do you want to be rich or wealthy? – This essay from Morgan Housel is both interesting for its concise summary of the fall of the Vanderbilt empire and also useful as food for thought in contemplating our own desires. The author includes a great quote from Nassim Taleb:
“The record shows that, for society, the richer we become, the harder it is to live within our means. Abundance is harder for us to handle than scarcity.”
And he also provides some context for how this might apply in our lives:
“Average household incomes adjusted for inflation have more than doubled in the last 70 years, but it doesn’t feel that way because expectations have more than doubled. Part of the reason home affordability is lower today than in previous generations is because the average new home is a third larger than it used to be.”
Just for Fun - A sequel to the mockumentary This is Spinal Tap
is in the works with the original director and cast. Spinal Tap II will see Rob Reiner return as both film-maker on and off the screen along with Michael McKean, Harry Shearer and Christopher Guest. The film will be released in 2024 on the 1984 original’s 40th anniversary.