From Debtor To Millionaire is a guest post from J.D. Roth, who founded the blog Get Rich Slowly in 2006 and is the author of Your Money: The Missing Manual. I first met JD in 2010 for lunch up in Portland when I was still working. By that time, J.D. was already a mini-celebrity in […]
From Debtor To Millionaire: How A Windfall Changed My Life Read More »
“Fake it ’til you make it” is a common saying people with little-to-no experience believe in. “Fake it ’til you make it” is a pretty dangerous way of going about things that matter. I remember when Milli Vanilli got busted for lip synching. I was so sad. They made their millions, garnered tremendous fame, and
“Fake It ‘Til You Make It” Is The Reason We’re So Screwed Read More »
Active income is much more enjoyable than passive income due to the positive feeling of purpose. We want to know our actions make a difference no matter how small the scale. But what is the ideal split between passive income and active income? Finding the right balance leads to a better life. For those of
The Ideal Split Between Passive Income And Active Income For A Better Life Read More »
The biggest problem I see in society is the widening gap between the rich and the poor. When CEOs make 300X their average worker’s salary and the top 5% own roughly 74% of all the assets, we’ve got some serious wealth inequality here! However, perhaps we need to take more personal responsibility about why the
Maybe It’s Your Fault Why Wealth Inequality Continues To Worsen Read More »
Given day job income is the number one source of income for the majority of the population, it behooves us all to go where there’s robust employment. Let’s look at the top 5 cities in America to get rich and enjoy life! After reading one too many “best places to live, retire, work” articles that
The Top 5 Cities In America To Get Rich And Enjoy Life! Read More »
How many of you achieved last year’s resolutions? How many of you still remember what last years resolutions were? If you don’t write down your goals, you’re more than likely to forget. Here’s a quick recap of my official five financial resolutions. Top Financial Resolutions Each Year 1) Live Free. Although leaving Corporate America in
Top Financial Resolutions For The New Year Read More »
The following is a guest post by reader Dave Scott who shares his experience of taking care of elderly family, specifically, his 97 year old grandmother. I’m thoroughly impressed with Dave’s sense of duty and attitude throughout this entire article. You can tell he feels it’s an honor to take care of his grandmother and
Taking Care Of A Elderly Family Member’s Health And Finances Read More »
If you have a top 1% net worth, you’re rich. Good for you. The question is: why do the rich hoard so much cash? If you also have a top 1% income, there is no need to have such a big savings balance. The rich are bullish on the economy just like the investing middle
Why Do The Rich Hoard So Much Cash? Read More »
At least once a year, you need to do an asset allocation review. An asset allocation review will help make sure you have the proper risk exposure. In a bull market, the wealthy get way more wealthy than the average person. Even if your $300,000 portfolio is up 30% to $390,000 this year, that’s nothing
Asset Allocation Review – How Much Richer Do You Feel In This Bull Market? Read More »
We’ve discussed the curiosity of financial hoarding as well as one way in which to eradicate the disease by revealing our desires for public shaming. If we feel ashamed, we simply don’t spend as much money. Some folks found it a little strange that I find delight in getting judged for having spending desires. After
The Key To Happiness Is Saving More Not Making More Money! Read More »
