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
Inheritance Tips So You Don’t Screw Up Your Child’s Life Read More »
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. In 2025+, the average Canadian household net worth is likely another 10% higher. Not only is the
The Average Canadian Household Net Worth Is Huge! Read More »
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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Let us breakdown income by race based on the latest U.S. Census Bureau data. What’s fascinating is that even though Asians account for just 7% of the population in America, the median income for Asian Americans is the highest among all races. Before we begin, I want to emphasize that your day job income should
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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 $700,000 today in America. With such an income, you should eventually have at least a top 1% net
Who Makes A Million Dollars A Year? Exploring The Top 0.1% Income Earners Read More »
To have a top one percent net worth is an impressive achievement. Your net worth is literally higher than 99 percent of the population. However, what is a top one percent net worth amount exactly? Further, it’s probably more appropriate to shoot for a top one percent net worth by age, not the overall top
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If you’re wondering what’s the best age to have a baby, I’ve got some very important thoughts for you. Having children is one of the best things you’ll ever do. Children make like more meaningful. Their love will fill the household. But children are also hard work. And your happiness will likely plummet in the
What’s The Best Age To Have A Baby? 20s? 30s? 40s+? Read More »
If you’re looking for a car buying rule, let me introduce you to the 1/10th rule for car buying. The 1/10th rule will help you spend responsibly, reduce your car ownership stress, and boost your net worth over time. It is the #1 car buying rule today. If you buy an overpriced car, it is
The 1/10th Rule For Car Buying Everyone Must Follow Read More »
Children are expensive. The more you love your children, the more expensive they will likely be! Therefore, you should have a net worth goal before having children. This way, you can provide them the world without getting overly stressed about your finances. Money is constantly a top three reason why couples fight. And once you
Have A Net Worth Goal Before Having Children: How About $1 Million Read More »
This post will provide a guide for how much your net worth or savings should be based on income. Too many people go through life just winging their finances. No wonder why most people end up in old age wondering where all their money went. If you’ve been making $500,000 a year for a decade
How Much Should My Net Worth Or Savings Be Based On Income? Read More »
