Spend less money then you make (or have) and you will have no problems. I often joke with clients that 90% of personal finance is spending less money or making more of it, a line I’ve stolen from my writing hero, Morgan Housel. Cash flow management, or budgeting, is the blocking and tackling of personal finance. Without it, you will accomplish absolutely nothing at best. At worst, you will go bankrupt.

Charlie Munger died this week.  He was 99 years old and just a little over a month away from the big 100.  He had planned a huge party for New Year’s Eve, his birthday happily landing on January 1st.  Sadly, that party will never come.

Some of you likely have no idea who Charlie Munger was. 

Everyone is unhappy again.  No surprise, I suppose.  This is the world we live in.  Last year, it was inflation.  This year, not coincidentally, it’s interest rates. The medicine, unfortunately, can sometimes cause just as many problems as the ailment.

Something as big and complex as the United States…

I love spending time with my father-in-law for a lot of reasons, not the least of which being his generosity with his time, knowledge, and wisdom.  In my conversations with him this week (in between him taking care of all the boats and the new fishermen in the family), he reminded me of one incredibly important fact with regards to personal finance…