Long-term Saving for the Short-term Worker (Part 2)

Long-term Saving for the Short-term Worker (Part 2)

If you work in an industry that produces big fortunes in small doses (producer, writer, entrepreneur, etc.), you may reach a point early in your life where you could start living off your investment portfolio long before the word “retirement” even crosses your mind. So how much can you take out
Long-term Saving for the Short-term Worker (Part I)

Long-term Saving for the Short-term Worker (Part I)

Scott, once a struggling writer, landed his first major gig with a primetime TV show in the mid-90s that lasted for many years. He earned over $1million per year, but he made the same financial mistake that almost everyone does when a wealth event happens suddenly – he started buying things. He
How to Die Broke(ish)

How to Die Broke(ish)

As someone with no kids, I’ve always loved the idea of giving away and spending down my assets in the final decades of life so that I die with very little. But a financial plan that involves “dying broke” is not very realistic for most of us, because we can’t predict how long we’ll live or how ...
No Kids, Mo’ Money

No Kids, Mo’ Money

Two friends of mine experienced hard breakups because they didn’t want to have children while their partners did. Their reason for not wanting to have children had nothing to do with finances – it was just a lifestyle choice. But as any parent would tell you, kids are crazy expensive. If you ...
Johnny Spender

Johnny Spender

Johnny Depp was once my Hollywood hero with movies like Ed Wood, What’s Eating Gilbert Grape, and Edward Scissorhands, to name a few. Then my hero opted to make less interesting movies (in my opinion) and got into both personal and marital trouble. More recently, Johnny has found himself in a ...
Surviving a Midlife Financial Crisis

Surviving a Midlife Financial Crisis

Don lost half his nest egg when he divorced his husband of 20 years. John lost over $200,000 in a lawsuit because his auto insurance only covered a fraction of the lawsuit’s damages. Mike lost his license to practice in his field of expertise. What do they all have in common? Each man ...