I hope everybody is locked and loaded to get… loaded again! It doesn’t matter what new year it is. Every year we should have a goal to make more money, save more cash, and growth our net worth. Only after you’ve achieve financial independence can you take things down. Let me first discuss five basic […]
Make More Money, Save More Cash, Grow Your Net Worth Now! Read More »
Edward Wolff, a professor of economics at NYU put together a really shocking median net worth chart over time in 2013 dollars I wanted to share with everybody. The data highlights the median net worth four years after the 2009 global financial crisis. The main takeaways are: 1) The median net worth of middle class
The Median Net Worth Of US Households Over Time Has Gone Nowhere Read More »
There’s active income and then there’s passive income. If you want to achieve financial independence, you’ve got to build as much passive income as possible to covered your desired living expenses. However, I believe active income is much more enjoyable than passive income. Making money while not doing anything is the ideal scenario, or so
Active Income Is Much More Enjoyable Than Passive Income Read More »
Money guilt is something I’ve been suffering for a long time. Ever since my friend died in a car accident when he was 15 and I was 13, I’ve felt guilty. He was one of the most popular kids in school. Why did he have to die? Why was I given the chance to live,
How To Overcome Money Guilt And Feel More Fulfilled Read More »
Gen Y Millennials are a curious bunch. They are now in their prime family formation and home buying age. However, back in 2014, when I first wrote this post, I began to wonder whether Gen Y Millennials were screwing themselves on purpose. Let me explain. The Plight Of Gen Y Millennials A 25 year old
Are Gen Y Millennials Screwing Themselves On Purpose? Read More »
Are you wondering what is a good short-term investment? Let’s discuss with a guest post. Greetings fellow Financial Samurai. Bruce here. I recently dropped a note to Sam about a financial conundrum that I was working through as I appreciate the analytical approach on this blog. Sam suggested that I write it up and engage the
What Is A Good Short-Term Investment? A $280,000 Windfall Needs A New Home Read More »
As a personal finance blogger, it frustrates me that some people consistently spend more than they earn and then complain why they can’t build wealth. Uncontrolled debt can quickly spiral you into bankruptcy. Control your spending! Yet, this doesn’t scare people enough to stop their overspending habits. And it’s not just hoodlums that spend more
Why Do Some People Consistently Spend More Than They Earn? Read More »
Tenacity and faith are so important for getting ahead. With tenacity and faith, you will feel more emboldened to overcome any obstacle. The optimist will end up richer and happier than the pessimist. This I know for sure. I’m not sure if it’s by coincidence or because I’m spending more time listening, but I’ve noticed
Tenacity And Faith – Do You Have It To Get Ahead? Read More »
The headlines about a massive generational wealth transfer are real. I’ve been witnessing it for years since starting work in NYC in 1999 and arriving in San Francisco in 2001. I’ll share just a few examples that I’ve observed in my own neighborhood. The Bank Of Mom & Dad is out in full force supporting
A Massive Generational Wealth Transfer Is Why Everything Will Be OK Read More »
Fear and greed is a part of investing. To be a better investor, you need to learn how to deal with your investing FOMO. Investing FOMO is one of the biggest challenges to overcome. The stock market and real estate markets were at record highs in 2021 after a 10+ year bull run. We all
Dealing With Fear And Greed To Become A Better Investor Read More »
