Joseph Calandro, Jr.

Home/Our Writers/Joseph Calandro, Jr.

Three Ways To Make Sure That Financial Disease Does Not Ruin Your Health

A friend recently forwarded an article to me that profiled the following statistics:

  • 70% of adults in the U.S. said they care more about their physical health than their financial health;
  • 49% of men, and 38% of women, said they care more about how much they weigh, than how much debt they carry; and
  • 72%
2020-11-18T07:20:27-06:00Tags: , |

How To Protect Yourself From Cyber-Crime and Identity Theft

Our society is becoming increasingly digital. While digitization brings many benefits, it also generates a number of cyber-related risks. For example, consider cyber-fraud. At the heart of every fraud is a compelling story, which profiles seemingly easy ways of making money. Most people want to make a great deal of money, but it is important

2020-10-27T09:56:51-05:00Tags: , |

Lessons from the Bernie Madoff Fraud

I recently learned of a book that was written by victims of the Bernie Madoff Ponzi Scheme. It is titled, “The Club No One Wanted to Join: Madoff Victims in Their Own Words,” and it has much to teach about personal finance and investing. Some of Madoff’s victims were retirees who, after decades of frugality, paid off the

Disabilities and Personal Finance

According to the Centers for Disease Control and Prevention, approximately one in every thirty-three children is born with a birth defect.  Birth defects are not the only cause of disabilities. Accidents can cause disabilities, as can military combat and severe forms of substance abuse. This is significant because it reflects the sad fact that disabilities

Interest Rates and Personal Investing

Investments occur over time, and therefore the time element of interest rate “compounding” is extremely important. By compounding we mean interest that is paid on interest, which been reinvested; in other words, “interest on interest.” If this seems confusing, please stay with it until it becomes clear. To understand why, consider that Albert Einstein once

2020-10-27T15:16:43-05:00Tags: , |

Read the Small Print

Following an earlier column on consumer debt, I had the opportunity to discuss the subject with a number of people. One of the questions I was asked was particularly enlightening: “In addition to scaling back spending, what else can someone do to better manage their debt?”

My answer: “read all of the terms of your credit


Is College Worth It?

Attending college has become increasingly politicized. As a result, discussing the relative costs and benefits of college has become somewhat contentious. This is unfortunate because for many people paying for college will be their second largest purchase, second only to their home.

Similar to purchasing a home, many people fund college with debt. The trend of

“Ten Commandments” of Personal Finance

I was recently speaking with someone about the personal financial challenges that I have observed over time. Toward the end of our conversation the person I was speaking with stated that, “It would likely be helpful if you could distill key personal finance “rules” into a grand list that is easy to follow. Sort of

Selecting A Charity: Trust But Verify

A good friend recently asked me several questions about selecting a charity. As I was considering how to respond, he asked, “Isn’t it a lot like selecting an investment?”

There are obvious differences between making an investment and supporting a charity. Primary amongst these is that charities are generally chosen to align with one’s belief system

2020-10-28T07:17:59-05:00Tags: |

Personal Finance and Winston Churchill

Winston Churchill is widely regarded as one of the most influential people of the 20th Century. Many political and military books have been written about him. I was therefore pleasantly surprised when I came across a recently published book that chronicled Mr. Churchill’s life from a personal finance perspective.

David Lough’s superb book, “No More Champagne:

2020-10-28T07:32:18-05:00Tags: , |

How to think about Prices

Many commentators talk about consumer prices. For example, there is often a great deal of discussion on the Consumer Price Index, or CPI, which is a popular barometer of consumer prices. If you look at a long-term chart of this barometer it will show an increasing trend of prices since the year 1960.

While economic barometers


Charity, Investing and Risk

A number of people advised me not to write a column involving fraud and charities, especially religious-based charities, because they considered it controversial. As I was deciding whether or not to do so, a good friend advised me that the potential controversy is exactly the reason why I should write such an piece, so here