Since I purchased my house in October 2023, I’ve been feeling broke. I’m living paycheck to paycheck to cover my bills and fund venture capital calls. In fact, even after realizing I had missed a $25,000 capital call, it took me another week to pay it off because I didn’t have enough money on hand. […]
The Broke Mindset: Your Contrarian Advantage In Building Wealth Read More »
Needless to say, a $20 million net worth is a substantial amount of money. It firmly places you within the top 1% of net worth, with the current minimum threshold around $13 million. But is $20 million enough for you to live happy and free? Not necessarily. Previously, we discussed how a $10 million net
A $20 Million Net Worth Should Be Enough To Live Happy And Free Read More »
Like most people, I enjoyed watching the Olympics. Some of us might even imagine our children becoming elite athletes one day. Unfortunately, becoming a great athlete is prohibitively expensive for most people, requiring significant time and money to achieve greatness. I’ve played sports all my life and love the activity. Sports bring people from different
To Be A Great Athlete Is Prohibitively Expensive For Most Read More »
Ever think of your savings account as just a secure place to stash your cash? Sure, it’s great for keeping your money safe and curbing impulsive spending. But it can be so much more than that. With a bit of creativity and smart planning, your savings account can become a powerful tool for reaching both
Inventive Applications for Your Savings Funds Read More »
In last week’s newsletter, we discussed buying the dip. Now, we’ve nearly climbed back to all-time highs. With more benign inflation data (CPI 2.9%) and fewer unemployment claims, fears of a recession have subsided once again. However, the volatility we’ve experienced over the past month has introduced uncertainty into investors’ minds. You could say we’re
Newsletter For August 18, 2024: Almost Climbed All The Way Back Read More »
The latest stock market correction cost me about five times what I made consulting part-time for four months. If I were smarter, I would have sold 100% of my rollover IRA before stocks started to tumble, then bought back in several weeks later. Alas, I don’t possess such acumen. This experience got me thinking about
The Pointlessness of Working When Your Net Worth Is Declining Read More »
Starting on July 16, 2024, we had a mini-stock market crash with the S&P 500 declining from 5,667 to 5,186 by August 5, 2024 (-8.5%). The NASDAQ saw a larger drop, falling from a high of 18,647 on July 10, 2024, to 16,200 on August 5, 2024 (-13%). And the bloodletting might not be done
Stock Market Crashes Can Change Your Life For The Better Read More »
Starting at age 45 in 2022, I consciously started focusing on decumulating wealth. I realized that my life was likely half over, and I needed to start spending more to prevent dying with too much money. If I died with too much money, it would mean that I had wasted a lot of time and
How To Decumulate Wealth: A Practical Guide Read More »
With the election over and Trump winning, the political mudslinging and dirt-digging has subsidies. But there was a time when being childless and loving cats was a big debate. Republican VP-elect JD Vance said this during a 2021 interview with Tucker Carlson: “It doesn’t make any sense that we turned our country over to people
The Economics Of Being A Childless Cat Lady Or Gentleman Read More »
U.S. Vice President Kamala Devi Harris and her husband reported more than $2 million in income on their 2018 federal tax return. The majority of their income came from her husband’s work as a partner at the law firm DLA Piper LLP. This article will go through Kamala Harris’ net worth. As a U.S. Senator,
Kamala Harris’ Net Worth And Income Are Lower Than You Think Read More »
