Earlier this year, I decided to give up cable to simplify my life and save $120 a month. I don’t watch much TV, and when I do, it’s sports. But with so little time, I watch the condensed 10-minute highlights on YouTube for free. Around the same time, I decided not to renew my Bay […]
Giving Up My Sports Club Membership Despite the Health Benefits Read More »
There are a lot of things wealth is good for, but one of the most underrated benefits is being able to buy peace and quiet. As I was sitting in the hot tub with my two children at Everline Resort in Lake Tahoe, I couldn’t help but feel a little frazzled by all the noise.
One Of The Best Benefits Of Wealth: Buying Peace And Quiet Read More »
For those who work in AI, let me share a cautionary tale based on history. You may be getting incredibly rich right now, but there’s little point in being rich if your safety is constantly at risk. Back in 2008, I was working in finance at Credit Suisse Group in San Francisco. There were constant
Be Safe and Live: Don’t Work in AI When the Revolution Comes Read More »
One of the key ways to FIRE is to save and invest aggressively. You’ve forecasted your misery, therefore, you know that by the time your misery becomes a reality, you’ll have invested enough money to retire early and break free from the grind. Obviously, if you don’t forecast when you’ll be miserable, you’re probably not
How To Convince Yourself To Invest Aggressively For A Better Tomorrow Read More »
Every year or two, the market hands you a gift wrapped in anxiety. You watch your portfolio bleed, you refresh your brokerage app more than you should, and you feel helpless. But when you have children, that helplessness can flip into something more actionable. This past year, with the stock market getting crunched by geopolitical
Investing More Than The Gift Tax Exclusion Limit Shouldn’t Be A Problem Read More »
After publishing my piece on the shocking cost of eldercare, a question kept nagging at me that I couldn’t shake: when money is finite and the people you love are not, how do you decide who to help or save first? A $230,000-a-year group home in Hawaii for one person. Four parents to potentially care
A Financial Dilemma: Save Your Parents, Your Children, or Yourself Read More »
At the Diamond Head pickleball courts in Honolulu, I met a man who said he had just put his 94-year-old mother in an eldercare home. Since my parents are 78 and 80, my ears lit up. I know it will be up to me to take care of them when they can no longer take
The Shocking Cost of Eldercare Most People Underestimate Read More »
I must live in a bubble. Because in my circle, I don’t know anybody who has a car worth more than 1/10th of their annual gross income. I came up with the 1/10th rule for car buying over 15 years ago to help people achieve financial freedom sooner. Thousands have followed this standard rule since,
Your Car Payment Is A Huge Roadblock To Financial Freedom Read More »
As someone who’s been writing about FIRE (Financial Independence Retire Early) since 2009 and actually leaving full-time work for good in 2012, it’s been quite an interesting ride. For the most part, I’ve been lucky because the stock market and real estate market have generally trended up, except for in 2018 and 2022. 12 good
FIRE Psychology During a Stock Market and Economic Downturn Read More »
As a parent to two young children, I am a target client for universities everywhere. So far, I have saved over $800,000 in two 529 plans to pay for universities in 9 to 12 years. I know we need to pay full freight because we are nobodies with average intelligence, but make above the low
American Universities Hiring H-1B Foreign Workers Seems Off Read More »
