If you want to get rich, you must abolish welfare mentality. Having a welfare mentality will keep you from taking calculated risks and giving your best effort. Instead of focusing on making as much money as possible, welfare mentality will keep you thinking about cutting your budget. Welfare mentality makes you depend on others to […]
Abolish Welfare Mentality: Janitor Makes $235,812 Plus $36,652 In Benefits Read More »
Now that millions more people are working from home due to the coronavirus, I thought I’d share some tips on how to keep your sanity. This is my work from home survival guide. I have actually been working from home since 2012, when I negotiated a severance and left corporate America for good. Losing the
The Work From Home Survival Guide: Because Your Sanity Is Important Read More »
Are you selling a property and nervous about the process? If your local real estate market supports it, only accept all cash offers in order to maximize profits and happiness. Once a mortgage is involved, things can get really hairy due to financing contingencies. A buyer is at the mercy of the bank’s decision to
Property Sellers: Only Accept All Cash Offers To Maximize Profits And Happiness Read More »
The proper asset allocation of stocks and bonds by age is important to achieve financial freedom and stay retired. If you allocate too much to stocks the year before you want to retire and the stock market collapses, then you’re screwed. If you allocate too much to bonds over your career, you might not be
The Proper Asset Allocation Of Stocks And Bonds By Age Read More »
There’s nothing better than being free to do whatever you want. However, unless you’re born with a multi-million dollar trust fund, you’ll unfortunately have to work for your freedom. This article will discuss how you can retire early and never have to work again. You can follow my savings guide to increase your chances of
How To Retire Early And Never Have To Work Again Read More »
Unfortunately, sometimes dreams don’t come true. In my quest to simplify life, I was blinded by the belief that the rental property I bought in 2003 would also be eligible for the full $250,000 / $500,000 tax-free profit exclusion if I moved back in tomorrow and lived in it for the next two years before
Tax-Free Profit Exclusion: Prorate For Long Term Rentals That Turn Into Primary Homes Read More »
Want to know how to measure you fiscal responsibility? The key is to calculate your FS-FR score. Fiscal responsibility means managing money in a careful, sustainable, and disciplined way — whether at the personal, business, or government level. In simpler terms: The core idea is to make smart financial decisions today so you don’t create problems tomorrow —
How To Measure Fiscal Responsibility: Calculate Your FS-FR Score Read More »
There is strong demand for real estate due to strong demographics, strong job growth, and the desire for more investors to invest in a stable asset class that rides the inflation wave. This post looks at the best cities to buy real estate in America today. Real estate continues to be my favorite asset class
The Best Cities To Buy Real Estate In America Read More »
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 »
This post will look at the recommended expenditure on housing, food, transportation and more. As someone who kickstarted the FIRE movement (Financial Independence Retire Early), I’d like everybody to spend less, save more, and invest more for financial freedom! According to the Bureau of Labor Statistics (BLS), the latest data for 2019 shows the average
Average vs. Recommended Expenditure On Housing, Food, Transportation Read More »
