By Stephen Buller Robert Kiyosaki, famous for writing the number-one bestselling book on personal finance, “Rich Dad Poor Dad,” says savers are losers. If you’re able to get past the controversial and inflammatory nature of the statement, you will find much truth, especially in 2024. I’ll argue for the merits of saving for the future….
By Stephen Buller How much is a dollar worth? If that sounds like a trick question, it’s because most Americans are used to measuring worth in dollars. The dollar is our “unit of account,” which is a standard measure of value, and one of the key traits of money. We could use other units of…
By Stephen Buller One of my readers wrote in, disagreeing with my claim that the United States dollar is a “fiat” currency. Firstly, let me say thank you for your interest! My mission in writing these columns is to educate my community about the monetary system as it exists today, and on how we could…
By Stephen Buller The cry has fallen on deaf ears for many years, but as the Fed struggles on both sides of its “dual mandate” to promote maximum employment and stable prices, more and more Americans are becoming aware of our central bank, what its role is, and its impact on our daily lives. It’s…
By Stephen Buller Where do a Michigan farm girl and a Detroit city boy go to start a family? For my parents, the answer was Vashon. I was a baby on the go, born in New Hampshire, moved to a Decatur, Michigan farm shortly thereafter, and made my way to Vashon by the time I…
By Stephen Buller The official annual rate of inflation reported in April 2024 was 3.36%. That word “official” usually gives credibility to facts and figures, but if you know anything about inflation, you know the opposite holds true here. The consumer price index (CPI) tracks “a chosen basket of goods and services.” Chosen by whom?…
By Stephen Buller Most people know the golden rule: Treat others how you wish to be treated. Here is a lesser-known golden rule: He who holds the gold makes the rules. Most people I meet think of gold as a commodity, a shiny metal, or pretty jewelry, but when I say gold is the best…
By Stephen Buller “Gold is money. Everything else is credit.” – John Pierpont Morgan Regarding money, it would be wise to listen to the words of the founder of the largest bank on the planet, but I doubt he could imagine the world we live in today. Did Mr. Morgan simply lack the perspective to…
By Stephen Buller In my previous article, we discussed how you can give more of your hard-earned money to your neighbors when shopping at local businesses by avoiding credit card fees. We also touched on the reasons the banks want you to use credit cards – spoiler: they profit. Now, let’s look at some other…
By Stephen Buller Continuing with the “Cash on Vashon” concept, this article will get to the heart of why so many people use credit cards, namely the rewards. We’ll look at the incentive this creates, why it’s okay for you to get that cash back, and how you can consciously choose when your reward is…