We’ve all heard of men buying midlife crisis cars to feel more alive (or make up for shortcomings). But what about buying a midlife crisis house? Have you ever thought of such an interesting phenomenon? Let’s say you’re living in a perfectly fine house that fits all your needs. It has the best layout with […]
The Midlife Crisis House Is A Real And Growing Phenomenon Read More »
It’s hard enough to retire early, say before age 45. However, I’ve discovered it may be even harder to stay retired once you retire early! As I was going through my archives, I realized I had a master plan to re-retire by September 1, 2022, several months after my 45th birthday. Given the birth of
Why It’s So Hard To Stay Retired Once You Retire Early Read More »
Dual agency is when a real estate agent represents both the seller and buyer. Personally, I’ve bought bought three homes using a dual agent before. I simply found each listing online, built a relationship with the listing agents, and convinced them to represent me to save on the purchase price. In the end, I believe
What Is Dual Agency? And Why Some Real Estate Agents Hate It Read More »
Once I hit 45 in mid-2022, I decided to enter a decumulation phase. Instead of continuing to save and invest aggressively, I decided to spend more aggressively. One way to decumulate is to spend more money on food. Dying with an excess of money is suboptimal. If we do, it will have meant that we
Spending More Money On Food: An Experiment In Decumulation Read More »
Investors and particularly homebuyers are wondering when will the Fed finally start cutting rates? After 11 rate hikes so far since 2022, investors and homebuyers are starting to feel the strain of higher borrowing costs. The longer the Fed Funds rate stays high, the more negative impact it will have on the economy. Ideally, the
When Will The Fed Cut Interest Rates? A Forecasting Exercise Read More »
Home insurance costs are going up due to rising home prices, rising building costs, increasing natural disasters, and less appetite for risk from the insurance and reinsurance companies. As a result, more homeowners are looking to save by taking out an actual cash value (ACV) home insurance policy as opposed to the more common replacement
Replacement Cost Versus Actual Cash Value Home Insurance Read More »
One of the best ways to increase your chances of making more money is to move to a city that has a high number of high-paying jobs. Ideally, you should secure a high-paying job offer first before moving to one of these cities. Otherwise, it may be tough going given the higher cost of living
Income Ranking By Metro: Cities That Pay The Most Read More »
If you want to get smarter financially, it helps to think in extremes. Thinking in extremes makes financial concepts easier to understand. Since 2009, I’ve been using my background in finance to help readers and listeners achieve financial freedom sooner. However, before I graduated from business school in 2006, my confidence in understanding financial concepts
To Get Smarter Financially, It Helps To Think In Extremes Read More »
Just like job loyalty, bank loyalty often doesn’t pay. I made the mistake of being a loyal employee for eleven years at my previous firm. If I had job-hopped, I probably could have made $1 million more in my career. During my capital raising process to buy a home with all cash, I’ve had to
Bank Loyalty Has Long-Term Benefits But Short-Term Costs Read More »
There are many downsides of paying all cash for a house. But in general, people focus on the positives of paying all cash. Paying all cash for a house is one of the best ways to beat out your competition and get a better deal. With all cash, you don’t have to submit an offer
The Downsides Of Paying All Cash For A House You Didn’t Think Of Read More »
