Category: Investing

How I used an Excel spreadsheet to become a millionaire – and you can too

“What gets measured gets improved” is one of my personal mantras, and in net worth it applies more critically than anything else. To do this for our family finances, I decided to stay away from an online net worth service and started my own spreadsheet to keep track of things. This was the best thing I ever did. And now I’m really excited to share a public version of that spreadsheet with you!

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What is the volatility and degree of beta for your career as a legal or other white-collar professional?

Volatility and beta aren’t just stock market concepts. They apply to your career, too, and can help structure an investing framework around just how stable and/or tied to the markets you are as a professional. In this article we review “The Affluent Investor” by Phil DeMuth and discuss how volatility and beta apply to lawyers and other white-collar professionals as they relate to investment strategy.

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The backdoor Roth IRA conversion explained, and why I don’t have one (but maybe you should!)

Thanks to the pro rata rule and income limits on contributions, the Roth IRA has long been a subject of confusion and misunderstanding (at least it was for me.) In this article, we take a close look at key terms around IRAs and the backdoor Roth IRA conversion process, discussing when it makes sense to try and implement the procedure.

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