Are you wondering whether to superfund a 529 plan? My wife and I did for both our children when they were born in 2017 and 2019. I’ll share with you our reasonings in this post. If you can superfund a 529 plan, I think you should. It feels good to have your child’s education fund […]
Should I Superfund A 529 Plan? Evaluating The Pros And Cons Read More »
When people doubt you, just keep on winning. If you keep on winning, people will eventually shut up and leave you alone. As a winner, they might actually start respecting you! But you don’t really care because you don’t care about prestige. After 10 years of grinding away, one of my friends sold his business
When People Doubt You, Just Keep On Winning Read More »
An abundance mindset is key to growing your wealth. As soon as you start believing you deserve to be rich, you will experience more opportunities. Too many people adopt a scarcity mindset when it comes to building wealth. It’s such a shame. I’m on a financial journey just like all of you. The only real
Create An Abundance Mindset To Grow Your Wealth Read More »
Every parent can attest they are willing to do everything in their power to give their children a good life. Once you have kids, the money will come because you become so motivated to work harder. Not only will you work harder and pay better attention to your finances, you’ll also likely get in better
Would You Risk Months Of Prison To Set Your Kids Up For Life? Read More »
I have a confession to make. I want a bigger house. With a family of four and potentially an au pair, a bigger house would provide for a better lifestyle. Now that we’re spending so more time at home post pandemic, a bigger house is also much more valuable. Real estate FOMO is getting the
Don’t Let Ego Make You Buy A Bigger House Than You Need Read More »
Getting a preapproval credit letter is kind of like getting a college acceptance letter or a job offer letter. It feels great that someone likes and trusts you enough to welcome you into their community. Receiving a preapproval credit letter is also very satisfying since it often takes 2 – 5 weeks to get through
Here’s What A Preapproval Credit Letter Looks Like For Buying Property Read More »
A separate 529 plan for each child versus one 529 plan for multiple children makes the most sense. Let me share with you the reasons why in this post. When my wife was in her third trimester, we began to brainstorm about all the things we needed before our daughter was born: Once we got
Why You Should Have A Separate 529 Plan For Each Child Read More »
If you’ve got a pension, count yourself as one of the lucky ones. A pension is more valuable than you realize. With a pension, you won’t be forced to lower your safe withdrawal rate in retirement like those of use who don’t have pensions. This post will help you calculate the value of a pension.
How Do I Calculate The Value Of A Pension? Read More »
Despite not wanting to buy stocks after the S&P 500 has rebounded by over 30% since its March 2020 bottom, I still own a significant amount of stocks across a number of investment portfolios: two 529 plans, a SEP IRA, a Rollover IRA, a Solo 401(k) and a couple taxable investment accounts. Then there’s my
Buying Or Holding Stocks After A Huge Rebound: Arguments For Why You Should Read More »
Thinking about joining a startup to get rich? You’re not alone. After so many successful IPOs and media stories about employees and founders getting filthy rich, there is a growing desire to join startups. But joining a startup is like counting on a lottery ticket to get rich. The vast majority of startups fail or
Career Advice For Those Joining The Startup World: Sleep With One Eye Open Read More »
