Wealth

Originally, I planned to title this post, “Getting Rich by Getting Lucky Doesn’t Feel So Good.” However, after some time, I realized that getting lucky actually feels better over time! This change in sentiment has profound socioeconomic implications, as it may lead us to hoard our wealth and create more inequality. Luck may also lead […]

If you’ve been feeling down despite the apparent strength of the economy, I can relate. Despite stocks, real estate, and other risk assets reaching all-time highs, there seems to be a growing silent recession among Americans. Here are the primary reasons why I believe some of us don’t feel better despite the apparent strength of

Net worth composition for the top 1%

After receiving significant criticism for my post, Embrace Living Paycheck-To-Paycheck To One Day Be Free, I find myself contemplating the existence of a net worth level that brings about serenity and inner peace, prohibiting one from feeling troubled. Is there a financial threshold beyond which emotional turmoil becomes unacceptable? Despite my attempt to turn a

Everyone aspires to be a self-made millionaire, but surprisingly, there are fewer self-made millionaires than commonly thought. Before finding out the answer, what percentage of millionaires do you think are self-made with no inheritance or significant financial help from their parents or relatives? Here’s a Bank of America Private Bank Survey of Wealthy Americans that