Different Seasons, Different Savings (Part 2)

Posted by on Sep 9, 2012 in General | 0 comments

We wrote last time  about the different life stages we go through, and how it affects our finances. It’s based on the work of Nobel-Prize-winning MIT Professor, Franco Modigliani, who separated our financial life into four distinct phases: 1. Before having children there is often a surplus of income. 2. While raising and educating children, […]

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Different Seasons, Different Savings

Posted by on Aug 26, 2012 in General | 0 comments

Back in 1985, Franco Modigliani won the Nobel Prize for Economics by observing (from his perch at MIT) the simple technique that squirrels know intuitively from birth. You have to squirrel away some nuts during times of plenty so you can survive during times of scarcity. In doing so, Prof. Modigliani looked at the income […]

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