If you want to know how to get very rich, the answer is to build equity in a business. The majority of the very rich are business owners, and/or hold equity in other businesses. One of the luckiest things I’ve ever done was not sell any major assets during the downturn between 2009 – 2012. It’s […]
How To Get Very Rich: Build Equity In A Business Read More »
If you’ve got a pension, count yourself as one of the lucky ones. A pension is more valuable than you realize. With a pension, you won’t be forced to lower your safe withdrawal rate in retirement like those of use who don’t have pensions. This post will help you calculate the value of a pension.
How Do I Calculate The Value Of A Pension? Read More »
I moved from annual reviews to quarterly reviews this year, but with how quickly April flew by, I just had to write another! April was supposed to be a terrible month based on the downward trajectory we were experiencing in March. It was easy to imagine the S&P 500 heading below 2,000. However, financially, April
Freedom Is Way More Valuable Than Money: Quarantine Edition Review Read More »
Healthcare affordability continues to be a concern for millions of Americans. When the Affordable Care Act (Obamacare) was enacted in 2010 I was happy. A universal healthcare system would insure the ~47 million Americans who were previously not insured. After all, disease doesn’t discriminate between rich and poor. Also, being rejected for healthcare coverage due
How Much Should I Pay For Healthcare? Introducing The Health Affordability Ratio Read More »
Here’s a look at the sates with the highest and lowest unemployment benefits. Unemployments vary more than you think by state. Therefore, some unemployed people are faring better than others. During the pandemic, the federal government significantly boosted unemployment benefits. The CARES Act provided an additional $600/week through the week of July 31, 2020. And
States With The Highest And Lowest Unemployment Benefits Read More »
After writing my post on life insurance needs when having a baby, a reader mentioned he was disappointed I didn’t mention Social Security survivor benefits. What’s funny is that I never think about Social Security when planning for my financial future. We all know Social Security is underfunded and the government will likely raise the minimum
Social Security Survivor Benefits: Life Insurance For All (Taxpayers) Read More »
At the beginning of 2020, I was excited to start applying for jobs after my six-month paternity leave was over in June. After eight years of unemployment, I had done everything I wanted to do. Now with two kids, rising living expenses, and the possibility of a downturn, finding work would be the responsible thing
Staying Unemployed: Why I’m Giving Up On Going Back To Work Read More »
FIRE is a popular topic. But what about the dark side of FIRE? This post shares some poignant FIRE confessionals to help keep things real. When I started writing about achieving financial independence in 2009, there wasn’t a lot of hoopla. We had people mainly discussing how they were building large enough investment portfolios to
FIRE Confessionals: How A Bear Market Has Impacted The Financial Independence Movement Read More »
Instead of telling you how my family is doing OK during the coronavirus crisis, I wanted to share with you how our family is being negatively impacted by the coronavirus. I’ll then provide another update one year into the pandemic. From going through a logical exercise on how to predict a stock market bottom to
How Our Family Is Negatively Impacted By The Coronavirus Crisis Read More »
If you want to get rich, you must abolish welfare mentality. Having a welfare mentality will keep you from taking calculated risks and giving your best effort. Instead of focusing on making as much money as possible, welfare mentality will keep you thinking about cutting your budget. Welfare mentality makes you depend on others to
Abolish Welfare Mentality: Janitor Makes $235,812 Plus $36,652 In Benefits Read More »
