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principles of pollex

Principles of Pollex: Investment Allocation

Looking at an age-old investment rule of thumb. What’s good about it, what’s not, and how you might use the structure for your own rule.

Principles of Pollex: Auto Purchases

A few rules of thumb about buying a car. Use these as a guide when you get ready to make that next auto purchase.

Principles of Pollex: Debt Reduction

Eliminating debt takes organization, efficiency, and discipline. Learn how these three work in your favor to eliminate debt from your life.

Principles of Pollex – Saving 10% of Income

(In case you are confused by the headline: a principle is a rule, and pollex is an obscure term for thumb.  Therefore, we’re talking about Rules of Thumb.) I like rules of thumb, as a rule of thumb… I think we all generally want difficult issues in our lives to be boiled down to a simple, easy-to-understand statement.  These rules of thumb are everywhere, all around us. Heck, there’s even a whole website dedicated to rules of thumb, where you can find rules on all kinds of subjects, as diverse as how to outrun a crocodile to changing your answers on a test. Save 10% of Your Income Let’s start with one of the basics you might hear regularly: Save 10% of your income. Like most all rules of thumb, this one is very general in nature, but it provides a good starting point. This starting point is best for […]

Principles of Pollex: The Rule of 72/Rule of 78’s

The Rule of 72 and the Rule of 78’s can be useful rules to know in your financial life. One is useful for investments and the other for loans.

4 rules to break – for now

As you may know if you’ve been reading here for very long, from time to time I review financial rules of thumb – today I’ve got a bit of a twist on the “principles of pollex” concept: Here’s a very interesting article that I found today that tells about some of the old, time-honored sage pieces of advice that aren’t necessarily true – for the time being. Enjoy – I’ll be back next week!–for-now-1296858154544/