I realized something important after writing about the best reason to retire early. Money doesn’t buy everlasting happiness. However, having more money can reduce stress and anxiety. The goal of achieving perpetual happiness is not realistic. Happiness ebbs and flows. It’s more exciting to be an 8 out of 10 on the happiness scale because […]
Top 10 Financial Moves To Reduce Stress And Anxiety Read More »
Do you want a rich long life? Of course you do. It turns out that marrying an Asian person may give you the highest chance of outliving and out-earning most people. Let me share how I came to this conclusion. After publishing my post on how life expectancy greatly depends on wealth and location, a
For A Rich, Long Life, Marry An Asian Person Read More »
Most responsible adults who want children will strive to save and invest as much money as possible before becoming parents. However, after being a parent for six years, I realize this advice might not be ideal for living your best life. Everybody knows raising children is expensive, especially if you live in a major city.
Before Having Kids, Consider Spending Lots Of Money Read More »
Have you ever wondered why there is so much angst and anxiety from some high-income earning households that seem to have it all? Based on my years of research, the three main reasons are: 1) never-ending comparison, 2) a lack of generational wealth, and 3) having children. Generational wealth is next-level wealth. If you have
Generational Wealth And The Angst Of The Not Rich Enough Class Read More »
College is expensive and will only get more expensive over time. If you can get good college financial aid in terms of grants and scholarships (free money), as opposed to bad financial aid (loans), attending college will be much more affordable. We’ve already talked about the different ways for us to pay for college. Now
Free Money! How To Game The College Financial Aid System Read More »
One of the main reasons why I read lots of books is to learn from people who’ve been there before. And after reading The Price You Pay For College, one of my biggest blind spots I realized is that I don’t have to save so much for college anymore! If you are a parent who’s
The Different Ways To Pay For College: My Surprising Blind Spot Read More »
I finally understand why I haven’t been able to shake the niggling stress I’ve been feeling lately. Despite writing less, doing fewer business deals, and exercising more, I still feel this gnawing pressure because I’m responsible for investing my immediate family’s money. When you invest family money, family money always feels more important compared to
Investing Family Money Can Be A Stressful Full-Time Job Read More »
I have a love-hate relationship with owning real estate because something always comes up. The more physical rental properties you own, the more problems you will have as a landlord. In June 2022, I decided to rent out a fully remodeled single-family home I had purchased in 2019 to a second family. We had originally
How Landlords Can Create Teachable Moments For Their Kids Read More »
A 529 plan is one of the best generational wealth transfer vehicles. Instead of just giving our kids or grandchildren money, it’s way better to give them the gift of education. This way, the kids will learn how to fish instead of just be given a fish. Thanks to the SECURE Act 2.0, we will
Rolling Over Leftover 529 Funds Into A Roth IRA: Who Really Benefits? Read More »
Want to get into an elite university? Develop a better personality so you can receive a higher personality score during the admissions process. In the Supreme Court case regarding using race-conscious admissions (affirmative action) at Harvard University and UNC, we learn Harvard assigns a personality score to every applicant. By assigning a lower personality score
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