Wealth

One of the more entertaining aspects of financial social media is watching hyperbole get passed around like a hot potato. Almost every month, there seems to be a new label designed to classify where people supposedly stand in society. We already have poor, low income, lower middle class, middle class, DUPs, HENRY, mass affluent, Fat […]

If you want to achieve financial independence, every investment we make serves one purpose: to buy back our time. Time is infinitely more valuable than any object, experience, or luxury. Given how short our lives are, we should use our money not just to accumulate more, but to buy freedom. Once you have freedom, you can

The other evening, my wife and I went to a school reception held for parents and alumni who donated at least a certain amount in the calendar school year. It was a warm, intimate gathering where we mingled with other parents, shared stories, and listened to the head of school and a couple of trustees

To celebrate Millionaire Milestones: Simple Steps To Seven Figures making the USA TODAY national bestseller list, I want to share how you might feel and what you might do as you hit various levels of wealth (net worth). Perhaps by sharing, I’ll motivate you to save and invest more aggressively. We’ll start with reaching your first

About a year ago, a relative asked me to help manage his money. He had been paying a ~1% asset management fee with Goldman Sachs Asset Management (GSAM), even though he wasn’t their typical high-net-worth client. The account had been set up through his ex, but since he wanted a clean break, he was ready

I recently received a question that boils down to this: How do you know when you have enough money? And once you do, when is it time to shift from chasing excess returns to simply maintaining what you have? There are several ways to approach this question, which I’ll explore in this post. I’ve come

There is more wealth out there than you think. But the government and media sometimes likes to trick us into believing there is not. Government data says the median net worth in America is around $200,000. Meanwhile, the media keeps highlighting financial struggles, convincing us there’s a looming retirement crisis. But what gets overlooked is

When you reach financial independence or retirement you may eventually experience a sense of emptiness. After years of hard work, aggressive saving, and smart investing, you might feel a letdown because the toughest financial challenges are behind you. Based on feedback from readers since 2009 and my own experience after leaving work in 2012, I’ve

Since I purchased my house in 2023, I’ve been feeling broke. I’m living paycheck to paycheck to cover my bills and fund venture capital calls. In fact, even after realizing I had missed a $25,000 capital call, it took me another week to pay it off because I didn’t have enough money on hand. The