I’ve always like Ben Stein. The guy is just plain smart. I’ll always think of him as the teacher in Ferris Bueller’s Day Off, but over the years, I’ve also come to think of him as an intelligent investor. In Ben’s latest post he talks about two different friends of his. One spends his days working and buying cars and facing the impact of poor financial decisions and the other has done a good job of having their money work for them. The post is strikingly similiar to countless personal finance blog posts, including a couple from ELYM. Nevertheless, it’s worth reading to reinforce what many of us already know.
So, check out the article. It really is good reading, although there are a few typos in it.