Making sure lifestyle inflation never gets ahead of our income and wealth inflation is a core fundamental in personal finance. Ideally, we want to widen that gap between income and expenses so that we can one day live free. However, what if you are already living free? Or what if your investment returns are so …
Can Your Lifestyle Inflation Keep Up With Investment Inflation? Read More »
The Met Gala is an annual fundraiser for the benefit of the Metropolitan Museum of Art’s Costume Institute of New York City. If you want to attend, a ticket costs $35,000 and a table costs between $200,000 – $300,000. However, even if you have the money, you might not be able to go. Anna Wintour, …
How Rich Do You Have To Be To Attend The Met Gala? Read More »
As a lifelong saver, it has been hard for me to spend more money and live it up. It didn’t matter whether I got a raise or made a profitable investment, the extra money would almost always get reinvested. The Boot is a concept I came up with to help us spend money more freely. …
The Boot: A Smart Solution To Spending More Money Guilt-Free Read More »
If there is one time to have money and spend money, it’s during a pandemic. Money should help make difficult times more bearable. If you can’t afford to spend extra money during a pandemic, then you can always revenge spend once the pandemic is over. Revenge spending is a way to make up for tougher …
Revenge Spend Time! Spending Money To Get Back At Life 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 »
Since 2007, the Michelin Guide has awarded The French Laundry their highest rating of three stars. Unless you’re really rich or a politician, you will likely have to wait months to get a reservation at this Yountville, California restaurant in Napa Valley. Deca-millionaire California Governor Gavin Newsom and his wife were spotted having an opulent dinner …
How Rich Must You Be To Dine At French Laundry Like Gavin Newsom? Read More »
Cash management is important during bad times, but also during good times. Give the increasing volatility in the stock market, cash management is even more important to manage stress. At any given time, every investor must always decide three things: 1) How to invest their new cash flow 2) How to invest their existing cash …
Cash Management Is Really All About Stress Management Read More »
Desperate times often lead to desperate measures. I’ve noticed several money scams during COVID-19 we should all be aware of. If you know of more money scams, please share them in the comments section below. It makes me so mad that there are scammers out there. I’ve been scammed before, and it felt terrible. But …
Money Scams During COVID-19: Beware Of Desperate Measures Read More »
This post will look in depth at the average net worth by age for the upper middle class. The upper middle class, aka the mass affluent, is loosely defined as individuals with a net worth or investable assets between $500,000 to $2 million. The upper middle class is also sometimes referred to as the aspirational class or …
The Average Net Worth By Age For The Upper Middle Class Read More »
To all the ladies in the house, you’re in for a real treat! To all the fellas thinking about proposing, maybe not! It all depends on how materialistic you are in the first place. Even if you are already married ladies, point your hubby to this article about the new rule for engagement ring buying. …
