We asked over a dozen people how gifts, insurance payouts, the MacArthur Genius Award, book deals—ranging from $8k to $1 million—were spent.
This chart shows the median income by age and sex in the U.S.
A high savings rate is a more reliable way to build wealth than attempting to earn outsized investment returns.
“Imagine if Americans had a retirement pyramid on their refrigerator. We would all be wealthier and healthier.”
“I realized, no matter how great the career, there were still going to be warts because no career is perfect.”
Here is how stocks have performed after experiencing a big down quarter.