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Some Thoughts on the “Lake Wobegon” Effect

Some Thoughts on the “Lake Wobegon” Effect

Where the women are strong, the men are good looking, and all the children are above average. – Garrison Keillor, A Prairie Home Companion Sure, that line is used for laughs on NPR on Saturday afternoons to describe the placid, fictional Lake Wobegon, but the humor points to a…

Friendships and Financial Responsibility

Friendships and Financial Responsibility

When I first started writing The Simple Dollar, one of the biggest struggles I had was figuring out how to redefine some of my friendships – a struggle I discussed at length . The problem was that a good number of the people I spent lots of time with…

Review: Mindset

Review: Mindset

Every other week, The Simple Dollar reviews a personal development, personal productivity, or entrepreneurship book of interest. At first glance, Mindset by Dr. Carol Dweck seemed to be one of those pop psychology books that I usually avoid – another The Secret or The Power of Positive Thinking .…

Rule #1: Spend Less Than You Earn.

Rule #1: Spend Less Than You Earn.

A reader asked me if I could break down my ideas into a handful of principles. After some careful thought, I came up with a list of fourteen basic “rules” that summarize my money and life philosophy. I’ll be presenting these as a weekly series. If there is a…