The latest stock market correction cost me about five times what I made consulting part-time for four months. If I were smarter, I would have sold 100% of my rollover IRA before stocks started to tumble, then bought back in several weeks later. Alas, I don’t possess such acumen. This experience got me thinking about […]
The Pointlessness of Working When Your Net Worth Is Declining Read More »
Starting on July 16, 2024, we had a mini-stock market crash with the S&P 500 declining from 5,667 to 5,186 by August 5, 2024 (-8.5%). The NASDAQ saw a larger drop, falling from a high of 18,647 on July 10, 2024, to 16,200 on August 5, 2024 (-13%). And the bloodletting might not be done
Stock Market Crashes Can Change Your Life For The Better Read More »
Life is easier when you can make a positive connection with other people. As I discovered recently, creating a connection with your service provider can also save you money or provide you better service. One of the ways I’m decumulating wealth is by spending money on massages. I love getting massages, especially after a lot
Creating Connections To Save Money and Get Better Service Read More »
Starting at age 45 in 2022, I consciously started focusing on decumulating wealth. I realized that my life was likely half over, and I needed to start spending more to prevent dying with too much money. If I died with too much money, it would mean that I had wasted a lot of time and
How To Decumulate Wealth: A Practical Guide Read More »
Many of us experience mental health conditions or know someone close to us who does. Life is stressful and it only seems to get more stressful over time. The difficulties of day-to-day life can cause significant anxiety about what the future holds. We’ve discussed parental existential crisis and money dysmorphia, both of which may stem
Mental Health’s Impact On Life Insurance Coverage And Pricing Read More »
Money dysmorphia is a negative and unrealistic perception of one’s financial wellness or position. If you have money dysmorphia, you might constantly worry about your finances, even if you are doing well for your age. One significant reason for experiencing money dysmorphia is the unhealthy comparison with others facilitated by social media platforms like Instagram,
Money Dysmorphia May Be Growing Inside You: Let’s Cure It Read More »
With the election over and Trump winning, the political mudslinging and dirt-digging has subsidies. But there was a time when being childless and loving cats was a big debate. Republican VP-elect JD Vance said this during a 2021 interview with Tucker Carlson: “It doesn’t make any sense that we turned our country over to people
The Economics Of Being A Childless Cat Lady Or Gentleman Read More »
Fundrise launched its Innovation Fund, a venture capital product at the end of 2022, investing in mid-to-late-stage private tech companies. More broadly, the product invests in companies within specific sectors that have strong macro tailwinds, such as machine learning and artificial intelligence. The goal is to invest in long-term trends that expand over the next
Fundrise Innovation Fund Review: Disrupting Venture Capital Read More »
After publishing my post, “When To Stop Contributing To A 529 Plan,” I felt a sense of emptiness. For years, I had been trying to find a logical way to decide when to stop saving for my children’s college education. When I finally figured out the answer to my financial obligation, I lost some purpose.
A Parent’s Existential Crisis: When All Financial Obligations Are Met Read More »
After 12 years of FIRE (financial independence retire early), I went back to work. Unfortunately, I only lasted four months. Here’s my story of what went wrong. I purposefully waited months to release this post to ensure I was thinking logically and not emotionally. From the end of November 2023 through March 2024, I re-entered
Went Back To Work And Could Only Last Four Months: Here’s What Went Wrong Read More »
