On August 1, 2020, I took out a 7/1 adjustable rate mortgage (ARM) at 2.125%. I could have gotten a 30-year fixed-rate mortgage for 2.75%. However, I wanted to save 0.625% in interest. Years later, mortgage rates zoomed higher thanks to the pandemic, massive stimulus spending, a war in Ukraine, a war in Israel, trade […]
No Regrets Getting An ARM Despite Higher Mortgage Rates Read More »
I currently have an opportunity of upgrading homes but am unsure whether it’s the right move. Maybe you’re going through this dilemma as well and need to talk things through. The house I wanted to buy a year ago failed to sell because it was listed too high. Then the S&P 500 corrected by 19.6%
The Risks Of Upgrading Homes Nobody Really Thinks About Read More »
Have you ever wondered why wealthy people are more willing to invest in hedge funds, venture capital, venture debt, private equity, and other speciality funds? These are all actively-run funds that mostly have a history of underperforming the S&P 500. Yet, billions of dollars still pour in each year. Some of these active funds are
Active Funds: Why Wealthy People Continue To Invest In Them Read More »
Thanks to reader feedback, I realized one financial move that was not included in my top financial moves to relieve stress list, was paying off your home. Even though I thought long and hard about what to put on the list, paying off your home didn’t get a dedicated bullet point, just an add-on. Paying
Paying Off Your Home May Not Provide The Joy You Expect Read More »
An exit package, also known as a severance package or separation agreement, is a negotiated arrangement between an employer and an employee who is leaving the company. It typically includes financial compensation and additional benefits provided to the employee in exchange for their agreement to certain terms and conditions, such as waiving their right to
What Is An Exit Package And How Do I Get One? Read More »
We’ve gone through exercises on how I’d invest $100,000 and $250,000. Now let’s go through an exercise on how I’d invest a million dollars today. Investing a million dollars is slightly different from investing $100,000 and $250,000. You can more easily afford to lose $100,000 – $250,000. But if you lose $1,000,000, you might enter
How I’d Invest One Million Dollars Today For A Better Tomorrow Read More »
I used to think that owning a 10-year-old vehicle was a wonderful financial accomplishment. It signaled frugality, discipline, and appreciation for what you have. However, the latest average age of U.S. vehicles from an S&P 500 Global Mobility report shows Americans are keeping their vehicles much longer than ten years or buying older vehicles on
The Average Age Of U.S. Vehicles Keeps Going Up Read More »
I realized something important after writing about the best reason to retire early. Money doesn’t buy everlasting happiness. However, having more money can reduce stress and anxiety. The goal of achieving perpetual happiness is not realistic. Happiness ebbs and flows. It’s more exciting to be an 8 out of 10 on the happiness scale because
Top 10 Financial Moves To Reduce Stress And Anxiety Read More »
It’s been over five years since the COVID-19 pandemic. I want to reflect on such a strange time period. One of the main reasons why I retired at age 34 was to hedge against an early death. When I was nine, my grandfather died from cancer and I clearly remember seeing my mother distraught for
The Pandemic Was An Experience In Hedging Your Life Read More »
Bear markets and bank runs aren’t good for most people. But let’s try to look at the upside if the Fed destroys the middle class, shall we? Thinking in extremes provides clarity to help make better decisions. To set the stage, we know at least these three things: The last time the Fed Funds rate
The Upside Once The Fed Destroys The Middle Class Read More »
