Is Tax Deferral Really a Benefit?
Like most of us, we do not like paying taxes, wherever our philosophical grounding in that emotion comes from. When presented by our employer, accountant or financial advisor the promise…
European MEP says all you need to know about the banking system
I'll let this august gentleman speak it for us. I can't improve it.
Financial Illiteracy
Recently Time magazine ran the story, “Nearly Two-Thirds of Americans Can’t Pass a Basic Test of Financial Literacy”. This is from a study done by the FINRA Investor Education Foundation.…
Insult to Injury – Retirement Taxes!
Along with the sad assumption that we will choose to be -- or probably will be -- poorer in our later years, so that we can pay a lower tax rate on…
What is Money?
Money, when we hold it in our hands, is not really there. Of course an ounce of gold is real, but the gold stands for an idea. Money—and that gold…
Reducing Loss is Superior to Short Term Gains
There is a mysterious world of money. Not that it is supernatural, but it is hidden. The parts that hurt us the most go unnoticed because they are small (sometimes), insidious…
How we find ourselves here in Personal Banking
We come to the Personal Banking mindset from different directions. But there is a common thread. There comes a point, even if someone has not suggested to you that there…
Welcome to the site
With the introduction of the MFB site, I hope that we can spread the message of financial independence to as many people as possible. I will use this blog to…