If you’re thinking about applying to Harvard or the likes, reconsider. There’s a rapid depreciation of a Harvard education and other elite private universities that is going on right now. The people are revolting against the rich and connected, especially when so many people suffered during the pandemic. The Supreme Court case on eliminating affirmative […]
Most people believe in meritocracy. If you work harder than your peers, you should get more reward. But as we all know, none of us are born with the same circumstances. For example, it may be harder for a poor kid from a single-parent household to compete against a rich kid with two parents and
The Case Against Meritocracy In School Admissions: Lowell High Read More »
After publishing my post on actions to take in a rising LIBOR environment, it dawned on me that besides refinancing your adjustable rate mortgage, you should also consider refinancing your student loans as well, if you have any. It feels like a lifetime ago, but I used to have ~$40,000 in business school loans that
How Student Loan Forgiveness Can Cost You A Fortune Read More »
Are you wondering whether private grade school K-12 is worth it? I am since I have two young children and both of them now go to a private Mandarin immersion grade school. I originally wrote this post in 2016, before my children were born. Now I have the experience of paying for four years of
Is Private Grade School K-12 Worth It? Read More »
An Income Sharing Agreement, or ISA, is an alternative way for students to pay for university. Traditionally, students take out loans and take all the risk. If a student graduates from college with no job or a low-paying job, a university isn’t going to make up the difference. This asymmetric risk profile is one of
Edly Review: A Way To Invest In Income Sharing Agreements (ISAs) Read More »
In March 2020, we pulled our son from preschool. We ended up homeschooling him until August 25, 2021, or for 18 months. He’s now attending a language immersion school and so is our daughter. Our experience has taught us that homeschooling can be incredibly beneficial. It is more efficient and can provided customized learning for
Homeschooling And The Decision To Teach Our Own Children Read More »
Getting financial aid is a common way for students and parents to afford college. This article will share how to get financial aid making multiple six figures a year. That’s right, even if you are making $200,000 – $400,000, you and your children can still get free money for college in the form of grants
How To Get Financial Aid Making Multiple Six Figures A Year Read More »
Although I’ve got a lot of opinionated posts, it doesn’t really matter if you disagree with my stance so long as what you do with your money doesn’t adversely affect others. There’s really no need to worry about other people’s finances. If your way works for you that’s all that matters. If it stops working
There’s No Need To Worry About Other People’s Finances Read More »
Wondering how much to contribute to a 529 plan? This article provides a proper framework for 529 plan contributions by age. The idea is to contribute enough so that the 529 plan can comfortable cover most, if not all of your child’s college expenses when the time comes. For background, I am a father of
Determining How Much To Contribute To A 529 Plan: Too Much No Good! Read More »
Why bother working hard all your life for a chance at financial freedom if you don’t have to? Instead of directing all your energy to making more, saving more, and investing wisely, it might be a better use of your time to identify where the wealthy and the potentially wealthy hang out. Therefore, you get
Should I Get An MBA To Find A Wealthy Husband Or Wife? Read More »
