Welcome to Money for the Rest of Us. This is a personal financial on money, how it works,

how to invest it, and how to live without worrying about it. I'm your host David Stein.

Today is episode 337. It's titled Why in the World do we own bonds?

I've been a longtime client of Basecamp, the web application company co-founded by Jason

Freed and David Heinmeier Hansen. I have used their simple note-taking platform Backpack

since 2005. We used their project management platform Basecamp. I recently switched my

personal email to their premium email service, Hey. Not only do I admire and use Basecamp's

products, but their corporate ethos has inspired me for years and has influenced how I run

money for the rest of us. Freed and Hansen shared much of their philosophy of work and

business in their book's rework and it doesn't have to be crazy at work. In a recent blog

post, Jason Freed discussed one of the core tenets of Basecamp. They work in six-week increments.

They don't have any big plans beyond that. That's their project timeline. He writes we have

some big picture directional ideas where we may be headed like a sailor on an exploratory

expedition aiming for a distant shore, but we're tacking with the prevailing winds and

our whims until we eventually get somewhere good. He points out that the big advantage

of figuring out as they go is they can adjust. They can adapt. They can make adjustments daily

and it helps them avoid big mistakes. And they're not majorly entrenched in one idea. The

time window is only six weeks. I have a similar approach in terms of how I run money for the

rest of us. I don't have any revenue goals. No profit goals. My emphasis is simply consistently

create value-added content on money, investing, and economy. Content that helps individuals

feel more confident about their investing without needing to be an expert. Investing is the

same way. We can adjust as we go along and not become majorly entrenched in one view of the

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