Unfortunately there is no “one size fits all” with regard to personal finance advice. There seems to be a trend lately where a personal finance topic is written about, and within 48 hours there are multiple rebuttals to the article. The rebuttals center mostly around the fact that the advice is only applicable to a Read more about There Is No One Size Fits All[…]
There are three main ways to become wealthy (in a monetary sense): Be given it. This is accomplished mainly through inheritance or winning the lottery. Unfortunately we can’t plan for this or make this happen through hard work and dedication. We also can’t choose our parents and pick ones that are financially well-off. Entrepreneurship. Of course an Read more about Three Ways To Become Wealthy[…]
Upbeat articles and ones that report good news are hard to come by. Why? Because fear generates clicks and clicks generate revenue. As a millennial myself, I notice articles about this demographic more than others. Personally, I’m tried of reading about millennials killing their budget with lattes and avocado toast, and about college students using their Read more about Where Is The Good News?[…]
I love finance and fitness. My financial interests cover a wide range of topics, including investing (lots of subtopics here), personal finance, estate planning, tax planning, etc. For me personally, fitness is lifting weights, riding my bike, hiking, and playing basketball. Over the years while researching finance and fitness, I have discovered how much overlap Read more about Finance and Fitness[…]
I listen to my fair share of financial advisor podcasts and advice that I often hear repeated is “you can’t help those who don’t want to be helped.” Therefore, financial advisors should work on marketing towards those who want help, and not try to convert people that haven’t actually thought about hiring a financial advisor. Read more about When I Saw The Light[…]
We all get too many emails, but one email I look forward to hitting my inbox is Professor Galloway‘s No Mercy / No Malice. Recently, his musings included a section on net worth, so obviously I got excited. Those who know the Professor, know that he is a very accomplished entrepreneur with a net worth Read more about The Rich and Their Money[…]
Wealth, in fact, is what you don’t see. It’s the cars not purchased. The diamonds not bought. The renovations postponed, the clothes forgone and the first-class upgrade declined. It’s assets in the bank that haven’t yet been converted into the stuff you see. – Morgan Housel I love this quote from Morgan. Why? Because now Read more about Wealth Is What You Don’t See[…]
Currently, in the year 2018, pension plans are almost extinct for those outside of public service. Our parents and grandparents may have put in 40 plus years at the same employer, to be rewarded with a fat pension at retirement. Nowadays this is extremely rare. There are few pension plans to keep us millennials loyal Read more about Negotiating a Job Offer[…]
To this day, I am still sticking to the same, simple financial plan that I set up in my mid-twenties. It is an extremely simple financial plan. For 99% of the population, financial plans don’t have to be complex. A financial plan doesn’t even have to be longer than a sentence: Nicole saves 20% of her Read more about Ignore the Noise[…]
My fiancée and I are getting married in a few months. I do think premarital counseling is extremely important, even if you do it yourself, a non-Catholic pre-cana if you will. I am the type of person that likes to plan things (everything). I would rather go through life with a plan, even if it Read more about Premarital Boot Camp[…]