According to Credit Suisse, the global number of millionaires expanded by 5.2 million to reach 56.1 million in 2020. That’s a 9.8% increase in the number of millionaires since the pandemic began. In 2022, the number of millionaires in the world is likely closer to 60 million given how strong stocks, real estate, and other […]
The Number Of Millionaires In The World Is Exploding Read More »
One of the sad realizations I’ve had post-vaccination is that my life won’t really change. Although my family has some financial security and no bosses to report to, I’m not sure we will truly be free unless our loved ones are also free. The first thing I did after getting my second shot was try
You Will Never Truly Be Free Unless Your Loved Ones Are Also Free Read More »
Although being a millionaire sounds nice, it’s not that impressive anymore thanks to inflation. In order to be a real millionaire, you will need to have a net worth of at least $3 million, not $1 million. A $1 million net worth provided a great lifestyle before 1990. Not so much today. If you retired
Are You A Real Millionaire? $3 Million Is The New $1 Million Read More »
Are you wondering when to take Social Security? The answer is a little more complicated than it seems. Officially, you can start your retirement benefit at any point from age 62 up until age 70. Your benefits will be higher the longer you delay taking Social Security due to Cost Of Living Adjustments (COLA) that
When To Take Social Security? Make So Much It Doesn’t Really Matter Read More »
Are you ready to live your best life in the YOLO Economy (You Only Live Once)? I sure as hell am! I believe the YOLO Economy is here to stay for the next 10+ years post pandemic. There is huge pent-up demand to spend thanks to stronger balance sheets and higher net worths since 2020.
The YOLO Economy Is Here To Stay: How To Live Your Best Life Read More »
Now that I’m focused on retirement once again, I’ve been doing a lot of planning for what’s next. One of the key items on my pre-retirement checklist is ensuring I have the right asset allocation. As I was reviewing my various portfolios, I realized that I could have been a 401k millionaire by 40 had
Could Have Been A 401K Millionaire By 40 Had I Kept My Job Read More »
Going through a pre-retirement checklist to prepare for post-pandemic life is a smart move. Like packing for a long trip, it’s easy to forget something you may end up regretting not bringing without such a checklist. Personally, I’m planning on re-retiring soon, hence the reason why I wrote this post. Retiring from a job after
A Pre-Retirement Checklist For Post-Pandemic Life Read More »
As the wealth gap continues to widen, it may be beneficial to learn how to convince people you are middle class when you’re actually rich. Otherwise, you might become target enemy number one when the revolution comes! To get things out of the way, I feel rich. Not only do I feel rich, but I
How To Convince People You Are Middle Class When You’re Actually Rich Read More »
The ideal withdrawal rate for retirement does not touch principal. Ideally, you want to live off your retirement principal income for the rest of your life. This way, you won’t have to stress about running out of money. Further, if you never touch principal, you can leave a legacy for your children and charities following
The Ideal Withdrawal Rate For Retirement Does Not Touch Principal Read More »
If you want to be happy, don’t make over $400,000 a year at your job. It usually requires long hours and lots of stress to make over $400,000 a year. In addition, you’ll have to pay a 35% federal marginal income tax rate. Any envy you may have about people making high incomes is often
Don’t Make Over $400,000 A Year: Look At How Goldman Analysts Suffer Read More »
