Discover it® Chrome Review

Discover has just launched a new version of its Discover it card. The new card, called the , offers a new and more convenient approach to cash back rewards. Let me explain. Traditionally, Discover’s cash back rewards have followed the quarterly rotating category approach. Each quarter certain categories of purchases qualify for 5% cash back […]

Published or Updated: June 20, 2014

DR 078: Are Low Cost Investment Advisors a Myth? [Interview with Mitch Tuchman of Rebalance IRA]

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As regular readers know, I’m a big believer in DIY investing. One of my goals for this site, my free weekly newsletter, and the podcast, is to arm investors with the information they need to invest on their own. Some folks, however, will still want some help. For these folks, my goal is to promote […]

Published or Updated: June 18, 2014

DR 077: Teamwork for Your Budget – An Interview with Listeners Kate and Trevor

Podcast Listener Talk

One of the great things about producing a podcast are the emails I receive from listeners. Recently a listener named Kate emailed me about the 50-20-30 budget. One thing led to another, and now Kate and her fiancé Trevor are guests on the show. Kate and Trevor’s story was so inspiring that I wanted to […]

Published or Updated: June 19, 2014

DR 076: Is a Home a Good Investment? The Numbers Will Surprise You

CAGR 190 to 435

It’s a hotly debated question. Is it better to buy or rent? We covered this question in detail in Podcast 59. Many argue that buying is best because on average homeowners have a higher net worth than renters. Rather than looking at averages, however, today we are going to look at an actual case study. […]

Published or Updated: June 14, 2014

DR 075: The Reality of Dave Ramsey’s 12% ‘Reality’ (and why it really matters)

12 Keys to Making Smart Financial Decisions

Recently I reviewed what Dave Ramsey calls his Endorsed Local Providers (ELPs). As I was doing research for that review I learned of Dave’s view that historically the S&P 500 has returned 12%. I also learned that he believes it will continue to do so over the long run. This was curious to me for […]

Published or Updated: June 14, 2014

DR 074: My Real Life ‘Rich Dad, Poor Dad’

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Many have said that Robert Kiyosaki’s ‘Rich Dad, Poor Dad’ book is a piece of fiction. Apparently, he never had a rich dad and a poor dad as described in his book, or at least that’s what many believe. But I did. My parents divorced before I was two, and both remarried. My father, who […]

Published or Updated: June 15, 2014

DR 073: Annuities 101–Interview with Tim Holmes of Vanguard

Timothy Holmes of Vanguard

Next to the tax code, differential equations, and why Gilligan and the other castaways could never get off the island, annuities are really difficult to grasp. Frankly, any time you mix insurance products with investing products the result is ugly. Yet annuities can be a smart way to save for retirement and to generate income […]

Published or Updated: June 6, 2014

Reader Question: What Does Umbrella Insurance Cover?

Umbrella Insurance

Q:Rob, love your blog. I am a regular reader of your weekly posts archive. I am confused on umbrella insurance. We have a primary home, a rental home, and two vehicles. Can I buy a single one or two million dollar umbrella policy that covers claims from any of those assets, or do I need […]

Published or Updated: June 3, 2014

DR 072: What Credit Score do You Need to Buy a Home?

Credit score needed to buy a home

When it comes to mortgages and credit scores, there are two really important questions to ask: What credit score do I need to qualify for a mortgage? What credit score do I need to get the lowest interest rate on a mortgage? These different but related questions are important if you are looking to buy […]

Published or Updated: June 3, 2014