If you invest in the stock market, you’ll eventually experience emotions of euphoria, greed, fear, uncertainty, and self-loathing. The more emotionally weak you are, the less likely you’ll enjoy investing in stocks and holding on for the long term. Losing money in the stock market stinks. Given I spent my career working in equities from […]
How To Feel Better About Losing Lots Of Money In The Stock Market Read More »
With so many tax-advantaged and taxable investment accounts, it may be hard to figure out the right contribution order between them for a healthier retirement. Between our family of four, we’ve somehow managed to open up 14 investment accounts over the years! Thankfully, technology has enabled us to keep track. If you’re on the path
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I’ve been waiting to publish my 2022 goals until now because there’s some whacky statistic out there that says most people give up on their goals by January 15. Therefore, by waiting until after January 15, I have circumvented this sad reality! 2022 is finally the year to live it up. Less work, more fun!
FS Goals For 2022: Less Work, Way More Fun! Read More »
A forced savings account will help make you rich over time. It forces you to save versus relying on your own discipline to save. A mortgage is exactly this, a forced savings account where the homeowner pays down principal each month and builds equity. One of the main reasons why the average net worth of
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How Climate Change Affects Real Estate Investing
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Buying rental properties is a smart move. Interest rates are still relatively low, which means the value of rental income has gone way up. Therefore, there’s good value in owning rental property, especially with inflation so elevated. However, getting a rental property mortgage is more expensive than getting a primary residence mortgage. In this article,
Why Are Rental Property Mortgages More Expensive Than Primary Home Mortgages? Read More »
Much has been written about the high cost of having kids. Spending $300,000 – $1,000,000 per kid through high school is a lot of money. However, less has been written about how having kids may make you richer and a better person. Let’s change the dialogue with this article now that I’ve been a stay-at-home-father
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Are you wondering why does it take so long to refinance a mortgage? The simple answer is because lending standards have tightened tremendously since the 2008-2009 Global Financial Crisis. Underwriters are asking for more documentation to prove your income and net worth. The banking sector lent too loosely before the crisis. Then the banks lost
Why Does It Take So Long To Refinance A Mortgage? Read More »
One of my most reviled posts is called, Do People Really Only Work 40 Hours A Week Or Less And Complain Why They Can’t Get Ahead? The post paints me as an unsympathetic person full of tough love. “Thank you sir! May I have another!” I wrote the post back in 2011 when I was
The Average Hours Worked Per Week Explains Why It’s Easy To Get Ahead Read More »
For most people, real estate will always be more desirable than stocks. Real estate is a tangible asset that provides shelter, utility, and rental income. Everybody can easily understand the fundamentals of real estate, which is why many prefer real estate over stocks. Stocks, on the other hand, provide no utility. You can’t enjoy your
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