Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how to avoid lifestyle creep.

Quote of the Day

"Some people can create alpha in real estate, equities, etc. but I think much of the strong returns we have been seeing lately is in no small part due to dumb luck."

(Barry Ritholtz)

Chart of the Day

Demand for mortgage refinancing has fallen as rates have risen.