Do frugal people have an unfair competitive advantage when it comes to accumulating a prodigious amount of wealth because they were just born that way? I’m beginning to wonder based on two things that happened recently. 1) Homejoy, a three year old housecleaning startup, decided to close its doors after raising about $40 million in […]
The Unfair Competitive Advantage Of The Wealthy: Being Genetically Frugal Read More »
Have you ever wondered what the average net worth is of your peers? It’s probably impossible to know for sure unless they show you a spreadsheet and tell you. However, it’s possible to make an estimate based on their income, age, real assets, and spending habits. People always say that you’re the average of five
Does The Average Net Worth Of Your Peers Equal Your Own? Read More »
Today’s post comes from a reader named Melissa who is facing the expensive decision of trying IVF with her husband in order to have their first child. Infertility is a sensitive and grappling topic that many couples are facing today. We’re having children later now due to our careers, and many of us are struggling
How Much Does IVF And Eastern Medicine Cost To Combat Infertility? Read More »
I’ve only got two credit cards: one for personal use, and one for business use. I like concentrating all my spending on one card so I can get maximum points to buy things like a home theater system, nights at the Halekulani Hotel, gasoline cards, and tennis racket grips! Credit card reward points have value
Determining The Value Of Your Credit Card Rewards Points Read More »
Do you know what’s crazy? Spending $25,000 – $30,000 on the average cost of a wedding in America if you make a median household income of $52,000. What’s worse is going into debt to get married, especially since there’s a 50% chance it won’t last! In many Asian countries, the parents of the bride foot
Who Should Pay For The Wedding? A Logical Guide To Lavish Spending Read More »
A funny thing is going on in San Francisco right now. After Uber hired Goldman to raise $1 billion in a convertible debt sale, Uber launched a $5 UberPool campaign for a limited time on rides anywhere in San Francisco. UberPool is Uber’s carpooling service where they charge an even lower rate than their UberX offering. $5 to
Do You Have A Hoarding Problem? Five Points To Identify That You Do Read More »
I was invited to join the TaxACT How I Save blog tour which shares ways to increase your savings. Last year, TaxACT saved America over $240 million on tax preparation. The personal savings rate in the US could be better. And it is my hope in spreading knowledge on personal finance topics that more Americans will take better
Increase Your Savings By Identifying Specific Reasons To Save Read More »
The other day I asked a very wealthy entrepreneur about his main financial concern. He’s probably worth anywhere between $50 million to $75 million dollars. Given he has so much money, I thought his answer would be more philosophical, like “making sure my kids appreciate the value of money,” or “how to create a lasting legacy.”
Always Work On Improving Cash Flow For Financial Independence Read More »
I met up with a friend of mine the other day for a function. He rolled up in a new Lexus IS350 that costs about $43,000 out the door. Immediately, I was envious of his wheels given I just drive a $20,000 Honda Fit named Rhino. My thoughts of doing the economical thing of buying
Your Friends Really Do Influence Your Spending Habits Read More »
Edward Wolff, a professor of economics at NYU put together a really shocking median net worth chart over time in 2013 dollars I wanted to share with everybody. The data highlights the median net worth four years after the 2009 global financial crisis. The main takeaways are: 1) The median net worth of middle class
The Median Net Worth Of US Households Over Time Has Gone Nowhere Read More »
