If you follow the topic of personal finance online, you’ll find a lot of Millennials voicing their financial concerns. It’s so common to hear that their generation have it hardest financially, most of us accept it without question. We believe the rhetoric. The Millennials have a problem. The Boomers ruined it all for them. Their […]
So much personal finance and frugality advice is based on depriving yourself now, so you can live better later. But it doesn’t have to be like that. Some of the things that save me money are also the things that make my life better, right now. DIY Fitness Honestly, the fitness regime you’ll stick to […]
Here are My Definitions Contrasted with Others – You be the Judge… First, a disclosure – I’m not an investment or real estate professional. I’ve just been investing for several decades, with my portfolio outperforming the S&P 500 for much of that time. Oh yes, I’ve also owned 3 homes and an office condo (most […]
You’ve seen them. Over and over and over again, so-called personal finance gurus railing against debt. But as I pointed out before, they’re dead wrong (in most cases). That’s why rather than being concerned, I’m actually happy to keep paying 3 mortgages into retirement (2 of which may outlast me)! Why Paying the Minimum on […]
This morning I was going through a morning ritual – reading interesting Medium stories. One was Ed Luo’s “I achieved FIRE at 31 — 5 factors to consider or you might get burned.” An interesting read in general, it included this one line that really resonated: “Our world is materialistic and revolves around mass consumerism, […]
According to Reality Check: The Paycheck To Paycheck Report, 54% of Americans define themselves as living paycheck to paycheck. This may not be that surprising, given the low federal minimum wage, and the fact that a large section of American society is classified as low-income, but not all those who are struggling are on low […]
You may or may not know if you’re a ISFJ or a ESTP, but those are not the personality types we’re looking at here. According to Ken Honda, author of Happy Money: The Japanese Art of Making Peace With Your Money, your money personality type can help you understand your relationship with money and see […]
If you were born to wealthy parents, reading this article is probably a waste of your time. If, like almost all of us, you weren’t, read on… Anyone who’s been reading about wealth knows that rather than income, it’s about net worth – the difference between what you own and what you owe. Building significant […]
If you’re like most of us (or at least most who read personal finance topics), knowing how much it takes to be wealthy is at least somewhat of interest to you. Does a High Income Make You Wealthy? First, we need to be clear on what counts as being wealthy. High income, say 6 or […]