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. Investable assets means money outside of your primary residence, which is considered “trapped” and […]
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.
The New Rule For Engagement Ring Buying Read More »
Anybody who is currently trying to build multiple income streams knows that it’s hard work to maintain them all. Whether the reason is due to a low interest rate environment, mental fatigue, or a tremendous amount of extra hustle during undesirable hours, when it comes to creating your own safety net, patience is a virtue.
How To Better Maintain And Grow Your Multiple Income Streams Read More »
Opportunity cost is a spender’s greatest enemy. Given America has a spending problem, our country will constantly be in grave danger without adopting better financial habits. Back in 2018, I decided to join a Meetup softball league in San Francisco. I was one year into being a stay at home father and I needed to
Opportunity Cost Is A Spender’s Greatest Enemy: My Tesla Story Read More »
On July 15, 2009, I introduced the “Go Broke To Win Big” budgeting system to help readers better manage their money. Today, having a strong budgeting system is more important than ever. There is so much uncertainty in the world, having a financial plan is supremely important! The Go Broke To Win Big budgeting system
The Best Budgeting System: Go Broke to Win Big! Read More »
This post will provide a guide for how much your net worth or savings should be based on income. Too many people go through life just winging their finances. No wonder why most people end up in old age wondering where all their money went. If you’ve been making $500,000 a year for a decade
How Much Should My Net Worth Or Savings Be Based On Income? Read More »
Are you wondering why invest in certificates of deposit if rates are so low? Funny you should wonder because CD rates rose significantly since the 2020 lows. In 2023, both CD rates and Treasury bond yields reached their highest levels since 2007. By Q3 2024, the Fed finally started to cut rates after multiple rounds
Why Invest In Certificates of Deposit (CD) When Rates Are So Low Read More »
There are plenty of positives that have come out of the coronavirus pandemic: better health, less pollution, more time with family, an acceleration in the work from home trend, and the chance to buy stocks at large discounts, to name a few. The U.S. personal saving rate could be the most positive of them all.
The U.S. Personal Saving Rate Reaches A Record High: Time To Beat It! Read More »
In order to comfortably raise a family in an expensive coastal city like San Francisco or New York, you’ve probably got to make at least $300,000 a year. Thanks to elevated inflation post pandemic, the middle-class lifestyle is getting harder to obtain due to rising costs of gasoline, food, housing, travel, tuition, and healthcare. You
Why Households Need To Earn $300,000 A Year To Live A Middle Class Lifestyle Today Read More »
Are you looking for some great things to buy with your massive investment gains? This article will provide some good ideas thanks to an extraordinary rebound in the stock market since its March 2020 sell-off. It’s important to sell stocks on occasion to enjoy the profits. Otherwise, there’s no point investing! With the NASDAQ and
Great Things To Buy With Your Massive Investment Gains Read More »
