All any of us want is an opportunity to try and succeed. We don’t want handouts. We just want the opportunity to try. Unfortunately, opportunities don’t come evenly. Here’s a story about opportunity, or lack thereof for this Asian landlord. I realized the other day that all my tenants are white. I’d never thought about […]
Three White Tenants, One Asian Landlord: A Story About Opportunity Read More »
I’ve written about how to become a millionaire by 30. A lot of luck, hard work, strategy, and risk are involved. Most of us will eventually become 401k millionaires by 60 if we keep contributing the maximum. However, what about becoming a millionaire by 20? It sounds almost impossible given kids must focus on school
How To Become A Millionaire By 20 The Old-Fashioned Way Read More »
The benefits of a revocable living trust are priceless. With a revocable living trust, parents can rest easier knowing their estate will be dispersed in a manner in which they desire. There are also tremendous probate court cost savings if you have a revocable living trust. Every parent’s responsibility is to try to give their
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Are you thinking about when to have more children? My wife and I have been thinking this ourselves. We have two children currently and are wondering whether to try for a third. We hear having a third can be the hardest since we’d be outnumbered. Having children is a personal choice. There is no right
When To Have More Children: A Rational Framework To Consider Read More »
When I was growing up, our house was always pretty neat because I hardly had any toys. For example, I had no lego blocks for my parents to accidentally step on. My parents would only get me a present once a year. And that something was usually an action figure, not something expensive like a
Fun Frugal Toys You Can Make At Home For Kids Of All Ages Read More »
Opening a Roth IRA for your kids is a must once they start generating earned income. Not only will opening a Roth IRA help build wealth for your kids, if you have a business, it will also help you save on taxes. If you start contributing to your kid’s Roth IRA young enough, there’s a
Opening A Roth IRA For Your Kids To Build Wealth And Save On Taxes Read More »
If you want to get ahead, have a productive morning. A productive morning will likely make you richer. Unfortunately, a productive morning might not always mak you happier. Let’s say the average person wakes up at 7 am and goes to bed at 11 pm. You decide to wake up at 5:30 am and work
A Productive Morning May Make You Richer, But Not Always Happier Read More »
Real estate is my favorite asset class to build wealth for the average person. If you have children, then the value of real estate goes up even further! In the debate between real estate or stocks as a way to get rich and live happily ever after, I failed to emphasize one critical point. The
The Value Of Real Estate Goes Way Up Once You Have Children Read More »
They say a parent’s worry never ends. They also say a parent is only as happy as their least happiest child. This post offers a solution on how to stop worrying about your child’s future. I’m a father of two young children and used to worry about their futures all the time. From discrimination against
How To Stop Worrying About Your Child’s Future In This Competitive World Read More »
Your first money memories may hold the keys to your relationship with money. Perhaps your first money memories may dictate your entire financial future. My first money memory was getting admonished by my father for ordering lemonade at a restaurant. I was in the sixth grade in Kuala Lumpur. He said that instead of paying
Your First Money Memories May Dictate Your Entire Financial Future Read More »
