Instead of embracing the FIRE movement for those seeking financial independence, it may be better to embrace the DIRE movement after such a massive bull run since 2009. For the millions of unemployed Americans thanks to the pandemic, the DIRE movement is real. When I first started writing about achieving financial independence early in 2009, […]
Move Over FIRE, Welcome DIRE: Delay, Inherit, Retire, Expire Read More »
From a previous post, we know that the average expenditure by U.S. consumers is huge. This post will look at the recommended expenditure on housing, food, transportation and more. According to the Bureau of Labor Statistics (BLS), the latest data for 2019 shows the average U.S. household spends $63,036 a year and earns $82,852 a
Average vs. Recommended Expenditure On Housing, Food, Transportation Read More »
Have you ever received a selfless act of kindness? Perhaps the car ahead paid your bridge toll. Maybe a stranger helped pick up your groceries when the bag ripped open. Or perhaps you received a life insurance payout when a loved one passed away. I hate bad luck. And dying prematurely is the worst bad
Life Insurance Is A Selfless Act Of Kindness Read More »
One of the reasons why I am so enthusiastic about my book, How To Engineer Your Layoff, is I want to teach more people like you how to potentially double or triple your income. You could essentially earn more than you’ve ever earned before. I know some of you are scratching your heads wondering what
Double Or Triple Your Income By Engineering Your Layoff Read More »
You know how you see oil prices drop precipitously on the news, yet when you get the gas station to save some money, you’re disappointed because gas prices haven’t gotten much cheaper? The same thing happens with US Treasury yields (oil) and mortgage interest rates (gas). Mortgage rates are largely influenced by the latest 10-year
Why Mortgage Rates Don’t Drop As Quickly As Treasury Yields Read More »
Understanding what natural disaster insurance is and whether it’s worth it is important if you live in a high risk area. Let’s learn how floods, wildfires, hurricanes, and earthquakes are covered under an insurance policy for natural disasters. I’m a multiple property owner in San Francisco which is a high risk area for earthquakes. Over
Insurance For Natural Disasters: Floods, Fires, Hurricanes, Earthquakes Oh My Read More »
I don’t enjoy doing my taxes, but I do them anyway. My main reason is to learn as much about the latest tax codes so I can reduce my tax liability. This post discusses five lessons from doing my taxes for over 10 years. Why I Started Doing My Own Taxes In 2000, I paid
Five Lessons From Doing My Taxes For Over 10 Years Read More »
A cash-out mortgage refinance lets you borrow more than you currently owe and keep the difference as cash. It’s one way to unlock the equity in your house. However, doing a cash-out refinance to buy stocks is not a good idea. You could lose a lot of money in a bear market. Instead of doing
Cash-out Refinance To Buy Stocks? Not A Good Idea Read More »
Do Americans have an earnings problem or a savings problem? Unfortunately, I think we’ve got both. Take a look at the median income by age and sex from the latest Census Bureau data. The data always lags for a couple of years. The median income for 20-24-year-olds is $25,116 for women and $27,040 for men.
Median Income By Age And Sex In America Read More »
* On April 8, 2020, Bernie Sanders dropped out of the presidential race, paving way for Joe Biden to be the Democratic presidential candidate. Bernie’s views were too extreme, even though proposals such as UBI and healthcare for all is needed now more than ever during the pandemic. Sooner or later investors will stop freaking
Should Capitalists Really Be Afraid Of A Bernie Sanders Presidency? Read More »
