When it comes to your health, be risk-averse. When it comes to your money, you can be more risk-loving. After all, if your investment returns take a hit, you can always spend time earning back your losses through work. However, if you lose your health, you might never recover fully. Sure, having money to pay […]
Be Risk-Averse With Health, Risk-Loving With Money Read More »
There’s a saying that goes something like this: To feel rich, take whatever you earn and triple it. Once you get there, triple it again. In other words, due to hedonic adaptation, it’s impossible to ever permanently feel rich! We all know that making a top 1% income or top 0.1% income means you are
When Do You Finally Feel Rich? It’s Not Always About The Money Read More »
Are you worried about President Biden’s tax hikes? Don’t be. Biden’s tax hikes won’t be as bad as expected due to checks and balances. The Ways & Means committee will reduce many of Biden’s tax hike proposals in order for tax legislation to pass. Let’s review the latest Biden tax hike proposals and what it
President Biden’s Tax Hikes Won’t Be Too Bad Read More »
Although there is a growing apathy towards work given some people’s investment returns are beating their work income, the best time to work might be during or right after a pandemic. The way millions now work is much more flexible, which is much better. One of the biggest things I disliked about work was having
The Best Time To Work May Be During Or After A Pandemic Read More »
Have you ever thought about getting away from it all and retiring in Hawaii? My parents retired in Hawaii 17 years ago and I’d love to join them. They live a simple life with a paid off house and a government pension after serving for over 25 years in the U.S. foreign service. I’ve actually
Retiring In Hawaii: The Pros And Cons Of Living In Paradise Read More »
When I first started writing about FIRE (Financial Independence Retire Early) in 2009, my main goal was to first survive the Global Financial Crisis. If I did, then I would find some way to permanently change my life for good. Back then, the FIRE movement was a bear market phenomenon. Plenty of people were getting
FIRE Confessionals Part II: A Bull Market Phenomenon Read More »
I cheated on my dentist and I will never do it again. This is a story about the importance of trust if you want to build a great business. It is also a story about not taking your business for granted if you’ve been at it for a while. During regular times, I’d see the
To Build A Great Business, Trust Is Paramount (A Visit To The Dentist) Read More »
According to Federal Reserve data, the average savings amount in America was $8,863. Now in 2022, the average amount Americans are aiming to save over the course of the year is $5,710 according to CNBC/New York Life. The personal savings rate is around 7-8% in 2022 as well according to the Bureau of Economic Analysis.
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$2 million is a lot of money. But a lot depends on whether the money is liquid or illiquid if you want to retire with millions and be comfortable. If you live an expensive coastal city, retiring with $2 million may be difficult if you have children. Thanks to inflation, it requires having at least
Is $2 Million Enough To Retire In An Expensive Coastal City? Read More »
Never quit your job, get laid off with a severance instead. Most people quit because they are too scared to negotiate. Let me share the best severance negotiation strategy as someone who negotiated his own severance and wrote a book on severance negotiations! I’m here to teach you how to negotiate a severance package so
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