On October 2, 2019, Charles Schwab announced that it would no longer charge any trading fees. I remember my father using Charles Schwab in the 1990s and being charged $50 a trade. This article will discuss how online brokerages make money charging zero trading fees. Immediately after the announcement, Charles Schwab stock dropped about 9%, […]
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Amy Coney Barrett is Donald Trump’s nominee for Supreme Court Justice. She is an originalist who may replace Ruth Bader Ginsburg, who died on September, 18, 2020 at age 87. Here is a quick snapshot of who Amy Coney Barrett is and what she stands for.
Who Is Amy Coney Barrett, Trump’s Supreme Court Justice Nominee? Read More »
Everybody wants to pay less taxes, but not everybody knows how. This article comes up with a logical solution to pay less taxes so you can be more free. Taxes serve as a drag on your time to achieve financial independence. As a result, it’s up to all of us to try and legally minimize
How Regular People Can Pay Less Taxes Like The Rich And Powerful Read More »
Owning rental properties only ranks fifth out of my eight best passive income sources mainly due to scoring low on the Passive variable. Managing tenants and dealing with maintenance issues can be stressful. However, with stubbornly high inflation and strong demographic trends, the value of rental properties should increase long term. As inflation stays elevated,
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If you want to build better relationships you need to have a high level of emotional intelligence. This post will highlight how you can build better relationships by keeping things close. Fresh from an 11 day trip to the US Open in New York, the first thing I did after returning to San Francisco was
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Back in 2016, I wrote this post expecting I was going to have a daughter. Therefore, I started thinking about the various things I’d teach my daughter involving personal finance. I was nervous about how to be a first-time dad, especially to a daughter. I had one friend in her early-30s perpetually go in and
Things I’ll Teach My Daughter: Pay No Attention To A Guy’s Fancy Car And More Read More »
Want to have a wonderful life? There’s a simple personal finance mantra everybody should consider following: one spouse, one car, one house, one job. The idea is that if you stick with one of everything, you’ll maximize its usage, minimize extraneous expenditure, and live happily ever after. We get in trouble when we want too
A Wonderful Life: One Spouse, Two Cars, Three Houses, Four Jobs Read More »
The best way to measure your financial security is by calculating your debt-to-cash ratio. Having a lot of debt lowers your financial security, especially when interest rates are high. Whereas having a lot of cash increases your financial security. The lower your debt-to-cash ratio, the strong your financial security and vice versa. Using debt to
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Generating enough passive income to cover your desired living expenses is the holy grail of personal finance. The problem is, the goal post keeps moving thanks to inflation and life. This post explores what is considered passive income so we can remain disciplined on our journey to financial independence. I’ve been trying to build passive
What Is Considered Passive Income? Analyzing Stock Sales And Windfalls Read More »
Part of creating great wealth and happiness is anticipating the future, understanding the future, betting on the future, and adapting to the future. Well I’ve seen the future and it looks so bright. With President Joe Biden in power until 2024 at least, the government will be getting bigger. Taxes will be going up and
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