Search Results for: early retirement

How To Recognize Financial Opportunity: It Doesn’t Come Around Often

46 Comments / Real Estate, Retirement / By

Financial opportunity can sometimes be hard to recognize. There was tremendous financial opportunity during the March 2020 stock market sell-off. However, unless you read the post: How To Predict A Stock Market Bottom Like Nostradamus, perhaps you missed the buying opportunity. Here is a story of how one couple missed out on $24,000 of financial […]

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The Definition Of A Middle Class Lifestyle Is The Same As It Ever Was

184 Comments / Retirement / By

The definition of a middle class lifestyle has been consistent for over 50 years. Yet, for some reason, there is still debate on what consists of being middle class. Being middle class isn’t about how much money you make. Being middle class is about what type of lifestyle your money can afford. Whenever I publish

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Your Chances Of Becoming A Millionaire By Race, Age, And Education

337 Comments / Retirement / By

Everybody wants to become a millionaire. Unfortunately, not everybody’s chances of becoming a millionaire are the same, partially because the playing field is not even. This article looks at historical data on your chances of becoming a millionaire by race, age, and education. Getting to at least one million dollars in net worth is a

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Inheritance Tips So You Don’t Screw Up Your Child’s Life

54 Comments / Family Finances / By

If you’ve amassed a decent amount of wealth, you will likely want to leave some of it to your children. Let’s discuss some inheritance tips so we don’t screw up our children. Every financially-responsible adult who builds great wealth fears demotivating their kids. One of the reasons why my 31-year-old neighbor still lives at home

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The Average Canadian Household Net Worth Is Huge!

101 Comments / Retirement / By

The average Canadian household net worth is surprisingly huge at roughly $680,000 in 2021, up from $400,151 in 2012 according to Statistics Canada. The average Canadian household net worth is roughly 2X the average U.S. household net worth. Not only is the average Canadian net worth larger than the average American net worth, the Canadian

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Upper Class Definition Based On Income And Other Factors

41 Comments / Career & Employment / By

We’ve got the poor, the middle class, the upper class, and the rich. This article looks at the definition of upper class based on income and several other factors. When you think of the words “upper class,” what do you imagine? I often conjure some passengers sitting on a British Airways flight. They are literally

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Who Makes A Million Dollars A Year? Exploring The Top 0.1% Income Earners

181 Comments / Career & Employment, Entrepreneurship / By

Have you ever wondered who makes a million dollars a year? Making a million dollars a year or more puts you in the top 0.1% of income earners in the world. A top 1% income is over $650,000 today in America. With such an income, you should eventually have at least a top 1% net

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