Whatever asset class you invest in, it’s always go to optimize the return. Even if you are just saving money in a money market account, you should optimize the return when you can. Data by the Federal Reserve Bank of St. Louis (FRED) reports the national average on non-jumbo money market accounts deposits (i.e. less […]
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Do you ever feel you have to donate to your college alma mater? It seems like every quarter, you get an e-mail from your alma mater asking for money. It sometimes feels weird because some colleges have massive endowments. For example, Yale University’s endowment is more than $30 billion! Recently I was contacted by an
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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
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Reasons Not To Buy A House From A Millionaire Investor, is a guest post by Kristy from Millennial-Revolution.com. Kristy and her husband have been all over the Canadian news recently for denouncing homeownership. They considered buying a Toronto property in their late 20s when they realized they couldn’t get anything nice for ~$500,000. Instead of buying,
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If you want to achieve financial independence, focus on building net worth even more than growing income. A big net worth gives you more flexibility. You are also taxed at a lower rate. A high income is great. But W2 income is taxed at the highest rates. Instead, you want to generate as much investment
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When I left my job in early 2012, I made it a goal to achieve a $200,000 annual passive income figure by June 2015. At the time, I had around $80,000 in annual passive income and figured why not shoot for $200,000 in order to never have to go back to work again. In those days, 4% interest rates
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Are you conflicted by how much time and money you should give to help other people because you aren’t financially secure yet? Because you feel fortunate, do you feel guilty for not giving more? Welcome to the club! In my 20s and early 30s, because I was getting beaten by a stick at work, I struggled with giving
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Everything is a race against time. A dream home is what we all dream of. A dream home is like a forever home to live a great life. Every time I travel for business, one of my favorite activities is to attend a broker’s tour to get a feel for the local real estate market. The activity
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Consider increasing passive income through leverage and arbitrage. I did just that in 2014 when I bought a new home just five miles west of where I used to live in San Francisco. I took on a new mortgage to buy this home and I ended up renting out my previous home for $7,500 –
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During times of uncertainty, make sure you are on top of your cash. Cash management is really about stress management. The more cash you have and the better you know your cash flow, the less stressed you will be. Buying anything close to the top of the market is risky. For stocks purchased in 2000, it
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