Financial Markets
Sustainable Wealth Plan
This series of essays provides a simple approach to managing the key elements of your financial life – building and protecting your human capital, managing your financial capital, and identifying a stable and sustainable consumption path.
Download the complete set of articles
Chapter 1 Introduction
Chapter 2 Human Capital
Chapter 3 Spending Rule
Chapter 4 Productive Debt
- 4.1 Productive_Debt
- 4.2 No_More_Harvard_Debt
- 4.3 Challenging_the_Conventional_Wisdom_on_Home_Ownership
- 4.4 Large_Scale_Mortgage_Refinance
Chapter 5 Investment Returns
- 5.1 Everyone_is_a_Portfolio_Manager_Now
- 5.2 Goodhart’s_Law_and_Expected_Returns
- 5.3 Is_Demography_Destiny
- 5.4 Time_Diversification_and_Human_Capital
- 5.5 How_to_Become_a_Billionaire_by_Bill_Ackman
- 5.6 Sustainable_Wealth_Investment_Plan
Chapter 6 Risk Management
- 6.1 Black_Swan
- 6.2 The_Retrenchment_Rule
- 6.3 The_Ratchet_Rule
- 6.4 Gift_of_a_Lifetime
- 6.5 6%_a_Month
- 6.6 Good_Derivative_Bad_Derivative
- 6.7 AntiFragility
Chapter 7 Case Studies
- 7.1 NBA_Superstar_82%_Savings_Rate
- 7.2 You_are_not_Yale
- 7.3 Mr_Money_Mustache
- 7.4 Biden_and_the_SHED
Chapter 8 What to do Next?
Sustainable Spending Tool
The purpose of the Sustainable Spending Tool is to estimate the probability of maintaining a specified level of real consumption over your lifetime.
If the probability of failure is too high for comfort, you can adjust various “dials” to find a more sustainable plan. The key “dials” are: Target consumption, Retirement age, or asset allocation (% allocation to equities).
