It occurred to me while writing my bestselling personal finance book, Buy This Not That, that a good percentage of you are HENRYs. A HENRY is a “high earner, not yet rich” consumer who is on the path to financial freedom. HENRYs mostly earn six-figure incomes who also save and invest aggressively. However, HENRYs often […]
Are You A HENRY? High Earners, Not Rich Yet Read More »
Making sure lifestyle inflation never gets ahead of our income and wealth inflation is a core fundamental in personal finance. Ideally, we want to widen that gap between income and expenses so that we can one day live free. However, what if you are already living free? Or what if your investment returns are so
Can Your Lifestyle Inflation Keep Up With Investment Inflation? Read More »
To be savvy investors, we need to learn how to connect the dots. There are so many investment clues to discover all around us if we spend time observing. One of the dots I think I’ve connected is that old school health and fitness stocks are an intriguing laggard reopening trade. I’m not talking Peloton,
Health And Fitness Stocks: The Last Reopening Trade Read More »
For the longest time, I’ve wondered whether Social Security is a dependable source of income for traditional retirees. As someone still over 16 years away from being able to collect, it’s hard to believe in the system given it is already underfunded by ~22%. Therefore, when the Social Security Administration announced the cost of living
Social Security Cost Of Living Adjustments: Keeping Up With Inflation Read More »
A Roth IRA conversion is potentially a way to save on taxes in retirement. However, for most people, converting to a Roth IRA is probably a waste of time. It is highly unlikely you will make more in retirement than while working. As a result, your tax rate will likely be lower in retirement. I
A Roth IRA Conversion Is Probably A Waste Of Time And Money For Most Read More »
At some stage in your investing journey, you may experience a situation where your investment returns surpass your active income (non-investment income, job income). The first time this happens, you may feel excited as you imagine the possibilities. But you likely won’t quit your job just in case it was a fluke. However, after several
Investment Returns Versus Active Income: When Work No Longer Matters Read More »
The right asset-to-liability ratio is important if you want to retire comfortably or achieve financial independence. If your ratio is too low, you may stress too much about your finances because you have too much debt. If your ratio is too high, you might not be taking enough advantage of enough cheap debt to get
The Right Asset-To-Liability Ratio To Retire Comfortably Read More »
The Met Gala is an annual fundraiser for the benefit of the Metropolitan Museum of Art’s Costume Institute of New York City. If you want to attend, a ticket costs $35,000 and a table costs between $200,000 – $300,000. However, even if you have the money, you might not be able to go. Anna Wintour,
How Rich Do You Have To Be To Attend The Met Gala? Read More »
Ever since 2012, I’ve invested in equity structured notes to provide for some downside protection. Structured notes have sometimes gotten a bad reputation because they may be complex and expensive. However, just because you don’t understand something doesn’t mean you should burn it at the stake. If a structured note can give you the courage
Not All Structured Notes Are Bad, But There Are Downsides To Know Read More »
Given our primary residence is likely one of our largest assets, buying responsibly is prudent. At the same time, living a better lifestyle by owning a nicer home as we get wealthier is also something many people desire. Therefore, let’s try and figure out what our appropriate primary residence value should be as a percentage
Primary Residence Value As A Percentage Of Net Worth Guide Read More »
