Minimalism and early retirement go together like peanut butter and jelly. Each item compliments the other. Minimalism helps get you to early retirement sooner because you are lowering your cost structure. Early retirement makes you want to simplify life so you can remain retired and enjoy your time more efficiently. Since I left work in
Minimalism And Early Retirement Go Perfectly Together Read More »
If you’re like me, chances are you are not part of the elite. Like 75% of college students, you may have gone to public school. For various lengths of time, you may have been underemployed or unemployed. Further, you definitely didn’t come from a rich family with prominent connections. Despite not being one of the
When The Elites Go On Strike, We Should Pay Attention Read More »
For the first year in retirement, I murmured this phrase over and over again, “I’m bored.” After regularly working 60 hours a week and interacting with clients, I suddenly had too much time on my hands. Instead of being bored, maybe what I really felt was loneliness. After my wife took the bus to work
Surprising Solutions To The Loneliness Epidemic Read More »
The greater the life insurance demand, the higher the anxiety of death. Good thing everyone can get an affordable term life insurance policy through Policygenius. Both my wife and I got new 20-year term life insurance policies during the pandemic given we have two young children. As a result, our anxiety went way won. One
Life Insurance Demand Quantifies The Anxiety Of Death Read More »
I have a love-hate relationship with owning rental property. My dislike in owning physical rental property as I get older is why I’ve invested more money in private real estate funds. Private real estate funds are 100% passive and diversified. To its credit, my rental properties are one of the main reason why I had
A Love-Hate Relationship With Owning Rental Property Real Estate Read More »
Since 2012, I’ve been arguing that freedom is priceless. After giving up a healthy income and my career for more freedom, how could it not be? But maybe I’ve just been telling a lie to make myself feel better about not being richer! We lie to ourselves to help justify our decisions. Otherwise, we might
Freedom May Not Be Priceless: Consider Going To Jail For Money Read More »
Are you confusing your good fortune due to your own skill rather than due to luck? I’m here to argue that above average wealth is mostly due to luck. Therefore, stop deluding yourself into thinking you’re so great! As President Obama said in a July 13, 2012 campaign election speech, “If you’ve got a business,
Your Outsized Wealth Is Mostly Due To Luck: Be Thankful! Read More »
We need to all be thankful for the luck we’ve had so far. Personally, I’m thankful for luck. The more we can recognize luck in our lives, the happier we will be. I’ve been a super-optimist all my life and I plan to continue being one until the day I die…. a 100 years from
Thankful For Luck: A Phone Call That Changed My Life For Good Read More »
There are very few occupations that provide the ideal combination of riches and status. Being a professor is one of them. Tenured professors are able to make six-figure incomes and earn valuable pensions. Getting a PhD or a post-doctorate is the pinnacle of academic achievement. Meanwhile, most people respect professors for their positive contributions to
Being A Professor Is The Ideal Occupation For Riches And Status Read More »
During the pandemic, we learned that Americans can save a lot more money if we want to. Take a look at the historical American personal saving rate chart according to the U.S. Bureau of Economic Analysis and the St. Louis Fed. After lockdowns began on March 18, 2020, the U.S. personal saving rate skyrocketed from
Americans Can Save A Lot Of Money If We Want To, Don’t Worry! Read More »
