Let’s take a look at the historical stock market performance under Democratic and Republican presidents. The annualized S&P 500 return by president is remarkably consistent over time. But before diving into the data, take a guess: under which party do you think the S&P 500 has performed best? From there, we can compare the facts […]
Stock Market Performance Under A Democratic Or Republican President Read More »
When you incorporate a business, it’s like you have created a person out of thin air. That business is considered a separate legal entity from the shareholders who own the business. Therefore, piercing the corporate veil by mixing personal expenses with business expenses is highly discouraged. In the case of a small business, it’s usually
What Is Piercing The Corporate Veil? Read More »
I was playing tennis with a friend who happens to be a partner at a large mutual fund company. During warmups, we got to talking about what is the right amount of money to leave our children. I told him the right amount of money to leave our children is enough so that they’ll never
The Right Amount Of Money To Give And Leave Our Children Read More »
A golden opportunity to buy real estate during the pandemic is upon us. With mortgage rates falling to near all-time lows, the S&P 500 at all-time highs, and a lot of people still fearful, chances are higher you can get a better real estate deal. Everyone is spending more time at home now. Therefore, the
A Golden Opportunity To Buy Real Estate Is Upon Us Read More »
After deep deliberation, I decided to pass on buying the $550,000 Mercedes G650 Maybach. It just felt like too much to spend on a family car when I could invest the money and earn $20,000 a year in passive income forever! Instead, I bought a family car for safety first. What type of family car did
Safety First: Finally Bought A Family Car And It’s Not A Minivan Read More »
For the longest time, I’ve been a proponent of the adjustable rate mortgage (ARM). Paying a higher rate for a longer duration than necessary doesn’t make economic sense. However, when the average 30-year fixed mortgage was under 3% in 2021, I no longer was as biased against 30-year fixed-rate mortgages. A sub-3% average 30-year fixed
Average 30-Year Fixed Mortgage Rate At Record Low: Who Is Buying? Read More »
The cheapest way to invest in real estate is through my spray and pray methodology. Since time is more valuable than money, the spray and pray method will save you a lot of time. It will also increase your chances of finding a willing seller at a great price. When it comes to real estate,
The Cheapest Way To Invest In Real Estate: Spray And Pray Read More »
I’ve written extensively about how to get laid off in order to get a severance package and ultimately live a more purposeful life. While learning how to get laid off is a fantastic way to learn how to never get laid off, in this post I’d like to share some direct advice on how to get paid
How To Get Paid And Promoted Faster: Is Your Nose Brown Enough To Get Ahead? Read More »
Anybody who is currently trying to build multiple income streams knows that it’s hard work to maintain them all. Whether the reason is due to a low interest rate environment, mental fatigue, or a tremendous amount of extra hustle during undesirable hours, when it comes to creating your own safety net, patience is a virtue.
How To Better Maintain And Grow Your Multiple Income Streams Read More »
A self-employed 401(k) plan is a great way to save for retirement if you are an entrepreneur or solopreneur. A self-employed 401k plan is also know as a Solo 401(k) plan. This article will discuss how much you can contribute to your self-employed 401(k) plan. For 2025, the IRS says you can contribution up to
How Much Can I Contribute To My Self-Employed 401k Plan? Read More »
