Money is great, but it can also create awkwardness among friends, colleagues, or even strangers. In this post, I want to share an awkward money situation that dragged on for months. In the end, the money situation was resolved. However, it made me realize that we personal finance enthusiasts are an unusual bunch. It also […]
An Awkward Money Situation Reveals An Uncomfortable Truth Read More »
A common suggestion people have made to help me regain my financial independence is to move to a cheaper area of the country or the world to save money. I’ve resisted relocating so far because I believe the excitement of living in a big city is worth the cost. Instead of focusing on saving money
The Excitement Of Living In A Big City Is Worth The Cost Read More »
Although it’s a bear market in 2022, things could  be worse! After China’s 20th Party Congress meeting, where Xi Jinping got even more powerful, Hong Kong’s Hang Seng Index plummeted 6% in one day and the Hang Seng China Enterprises Index lost 9% in one week.  In the past 30 years, the MSCI China Index has
China Stock Investment Returns: Terrible For 30 Years Read More »
The average income of Caucasian Americans continues to be one of the highest among all races with a median household income of roughly $68,000. However, the average income of Caucasian Americans is not the highest. The average income of Asian Americans is highest. Caucasian Americans, (Non-Hispanic whites), account for roughly 61% of the United States
Average Income Of Caucasian Americans Grows Rapidly Read More »
Even if the Fed hikes rates, it may have little impact on borrowing costs for mortgages. In general, the Fed is behind the curve when it comes to hiking rates. And that’s understandable. The Fed would rather be a little too slow in hiking rates than a little too fast in order to help our
Why Fed Rate Hikes Will Have Little Impact On Borrowing Costs Read More »
A forced savings account will help make you rich over time. It forces you to save versus relying on your own discipline to save. A mortgage is exactly this, a forced savings account where the homeowner pays down principal each month and builds equity. One of the main reasons why the average net worth of
Mortgage As A Forced Savings Account To Build Wealth Read More »
When it comes to cars, buyer’s remorse is the worst because there’s no return policy. Once you buy your car, it steadily depreciates in value over time. If you buy a new car, the depreciation curve over the next three years is the steepest. Therefore, you had better buy a car you really love, responsibly.
How To Avoid Buyer’s Remorse When Purchasing An Expensive Vehicle Read More »
Empower Personal Dashboard is the #1 free financial tool online to track your net worth, analyze your investments, and plan for retirement. It lets you see all of your financial accounts in one place securely and conveniently. This is the Empower Retirement Paycheck review, formerly known as the Personal Capital Retirement Paycheck feature. Empower’s Retirement
Empower Retirement Paycheck Feature Review Read More »
We are a jobless family in San Francisco. Both my wife and I don’t have jobs. We haven’t had jobs since 2012 for me and 2015 for her. Yet, somehow we’ve managed to do fine while raising a family in expensive San Francisco. Here’s our story. If the amount of money you’re saving each month
How One Jobless Family Of Three Thrives In Expensive San Francisco Read More »
According to the Bureau of Labor Statistics, the average amount spent on transportation per consumer unit was $60,060 in 2017, a 4.8% increase from 2016 levels. 2017 is the latest data they have for 2021. Out of the $60,060 in average consumer expenditure a year, a whopping $9,576 is spent on transportation, or 16%. Is
The Average Amount Spent On Transportation Is Too High Read More »
