Knowledge brings about wealth and power. If this wasn’t the case, you wouldn’t have families spending $20,000+ a year for their children to attend kindergarten through the 12th grade. If knowledge wasn’t so important, there wouldn’t be any private tutoring or a test prep industry. If education was no big thing, there wouldn’t be a […]
An Inexpensive And Easy Solution To Improving America’s Financial Health Read More »
Lifestyle deflation is what happens when you are overly frugal. Frugality is often praised as a key element to achieving financial independence. Frugality is one of the hallmarks of the FIRE movement I help pioneer in 2009. However, it’s easy to take frugality too far. I’m frugal to a fault. For 13 years after college,
Stop Frugality From Leading To Lifestyle Deflation Read More »
Everybody needs to have a blog. Successful personal finance bloggers will agree. I was eating dinner at my local Indian joint when a late 20s couple sat at the table right next to me. The guy, a new pharmacy graduate from UCSF was with a female pharmacy student. He was buttering her up with praise about how
Are Personal Finance Bloggers Some Of The Sexiest People On Earth? Read More »
Making money today has never been easier thanks to the internet. Anybody can make a lot of money in the richest country in the world and this post will prove it. I realize despite all my articles showing folks how to save, invest, persevere and flourish, there are still a lot of financial freedom doubters
More Evidence Making Money Today Has Never Been Easier Read More »
The rich get rich by buying appreciating assets like stocks, bonds, real estate, and fine art. They have very diversified investment portfolios. The people who don’t get rich spend their money on depreciating assets. They buy cars they can’t comfortably afford instead of using my 1/10th rule for car buying. And, they waste money on
How To Cheaply Build A Diversified Investment Portfolio If You Don’t Have Much Money Read More »
If you want to increase your happiness, you must change your perspective. Let me share with you a simple example of how a change in perspective immediately boosted my happiness. When an ambulance zooms by, sirens blazing, do you feel happy or sad? For the longest time, I felt sad. I’d imagine someone convulsing on
Change Your Perspective To Increase Your Happiness Read More »
Every now and again, I stumble across something that makes me wonder, “Are you a financial dumb ass?” Someone forwarded me a post from a year ago where a PF blogger spent $60,000 on a luxury car right after revealing his net worth was only $55,000! He clearly violated my 1/10th rule for car buying everyone
Are You A Financial Dumb Ass? Be Honest With Yourself To Get Rich Read More »
In order to achieve financial freedom, you must build your financial nut as large as possible. Once you have a larger enough financial nut, it will be able to generate enough passive income to cover your living expenses. This is the true definition of financial independence. In some years, your financial nut will return an
Build Your Financial Nut: 401(k) Retirement Contributions Matter Less Over Time Read More »
Want to spend lots of money and not feel bad? Only after publishing CD Investment Alternatives did I realize the article is irrelevant to those of you who don’t save or don’t save much. I’m always trying to make my articles as relevant and helpful to as many readers as possible, so I apologize for skipping over
How To Spend Lots Of Money, Feel Good, And Not Give A Damn! Read More »
There’s an incredible joy of living within your means. The more you can live within your means, the happier you will become. You will appreciate more of what you have, and desire less of what you don’t. “Do not spoil what you have by desiring what you have not; remember that what you now have
The Joy Of Living Within Your Means Read More »
