September 2007

Is Rich Dad the Great Black Swan Hunter?

September 28, 2007

You’re not half as smart as you think you are. That’s the message in Nassim Nicholas Taleb’s book, The Black Swan: The Impact of the Highly Improbable. I sure wish Robert Kiyosaki (famed author of the Rich Dad Poor Dad never-ending series of books) would read The Black Swan. For our purposes today, Taleb argues [...]

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Hillary Clinton’s Health Care Plan – A Detailed Analysis

September 26, 2007

Senator Hillary Clinton unveiled her health care reform plan, called the American Health Choices Plan. Clinton’s health care plan promises to bring health insurance to every American. Clinton promises lower insurance premiums for every American, improved delivery of health care, health insurance for all, and a “net tax cut for American taxpayers.” She also promises [...]

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Chess and the Art of Personal Finance–Answer Key

September 23, 2007

Over the past week, I’ve written about what the game of chess can teach us about money. Each day I included a chess puzzle for you to solve, and the comments it generated were a lot of fun. Some chess combinations were solved, but some were not. So here is the answer key for each [...]

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Protect Your King, Protect Your Assets

September 21, 2007

The goal in chess is to capture your opponent’s king before your opponent can capture yours. So what’s more important, moves that hunt down your opponent’s king, or moves that protect your king? Well, they’re both important, which brings us to today’s topic–castling. In chess, you must protect your king, which is most often accomplished [...]

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Speed Chess and the Art of Patient Investing

September 20, 2007

Yesterday we looked at the power of a slow, methodical pawn. Today we look at the opposite end of the spectrum–speed chess. In speed chess, both players have 5 minutes (or less) to complete an entire game of chess. (No, I’m not making this up.) They use a chess clock that has two digital timers. [...]

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Behold, the Power of the Pawn

September 19, 2007

Welcome to the Dough Roller, a blogsite about everything money. You can get free Dough Roller updates from my RSS feed or via e-mail. Thanks for stopping by! When I began playing chess, the loss of a pawn didn’t seem like that big a deal. After all, it’s just a lousy pawn. Was I wrong! [...]

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Chess and the Deadly Trap of Debt

September 18, 2007

Is debt good or bad? There seems to be some debate about this topic. Some, like Dave Ramsey, believe that all debt is bad. Others take a more moderate approach. But the fact is that too much debt or debt with high interest rates can wreck your financial future. Chess has it’s own form of [...]

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Chess and the Art of Financial Goals

September 17, 2007

The objective of chess is to capture your opponent’s king. That sounds easy enough. But as early as the first move, you quickly realize that knowing and understanding the ultimate goal of the game doesn’t help you make your first move. Finances can be the same way. You may have as a goal to save [...]

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The Daily Dough (Carnival of Personal Finance #118 edition)

September 17, 2007

The Carnival of Personal Finance was hosted this week by Money, Matter and More Musings. MMM did a great job with the carnival, which is well organized and includes some interesting factoids about U.S. currency. It’s a must read. MMM included my article, Nifty Tricks with the Rule of 72, 71, 70, 69.3, 114, 144 [...]

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