If you want career, financial, and social success, don’t beat up your opponents too badly while smiling. This advice might sound odd or even obvious, but not adhering to it can have tremendous negative consequences. Anyone who has ever jet-skied knows it’s impossible not to smile while riding the waves. Well, I can’t help but […]
Don’t Beat Up Your Opponents Too Badly While Smiling Read More »
During my days of purchasing homes with mortgages, I had a fondness for adjustable-rate mortgages (ARMs). The appeal lay in securing a lower interest rate compared to a 30-year fixed-rate mortgage. Further, it’s better to align the fixed-rate duration with my planned homeownership tenure. With the average duration of homeownership being approximately 12 years, opting
No Rush To Pay Off Your Adjustable-Rate Mortgage Before It Resets Read More »
When my son was born in April 2017, I promised to become a full-time father until he turned five. I was so serious about this commitment that I sold our largest rental property to free up time. This property was supposed to be our crown jewel for my wife and my retirement plans. However, something
From Part-Time To Full-Time Fatherhood: A Tricky Transition Read More »
One of the most common pushbacks I get from some of my investing and economy-related articles is that the stock market isn’t the economy. To conflate the two could be a mistake. I see their point of view as not everybody owns stocks. Therefore, not everybody will benefit from rising stock prices. As an example,
The Stock Market Is Absolutely The Economy, Here’s Why Read More »
Wondering how much to spend on vacation while being fiscally responsible and still having a good time? In this post, I offer a vacation spending guide to help you manage your spending responsibly without compromising on fun. I came up with this guide because I’m not sure people realize the true cost of their vacations
A Vacation Spending Guide: The True Cost Is More Than You Think Read More »
Have you ever feared running out of money? I have. This fear is why there’s a phenomenon called the “one more year syndrome,” where workers keep working to save more, even though they’ve run the numbers and know they have more than enough to live comfortably in retirement. Yet, 10 years later, they are still
You Will Never Run Out Of Money Because You’re Rational Read More »
For over a decade, I’ve been witnessing a phenomenon that has left me scratching my head. A commenter will say how the economy is suffering and people are experiencing financial hardship. Then, when I ask them about their personal hardships, they say they’re doing great. This disconnect has been repeated over and over until I
The Financial Doom And Gloom You See Is Probably Not Real Read More »
It’s fascinating how two people can interpret a single image so differently. The same holds true for how homeowners and renters perceive the current economy. According to all the data, it’s clear that the economy is robust. However, the degree of its strength depends on whom you ask. The rent versus buy debate has raged
How Homeowners And Renters See The Economy Differently Read More »
I’ve now paid cash for a home twice: once for a fixer in 2019 and again for a fully remodeled home in 2023. In this post, I’d like to share some of the psychology of paying cash for a home. I know some of you think paying cash for a home is a poor financial
The Intricate Psychology Of Paying All Cash For A Home Read More »
I believe in personal responsibility. So should you. If we take responsibility for our actions, we will end up wealthier and lead better lives. If you father a child, you had better step up and take care of your child until they are adults. None of this “see you later” nonsense while you shack up
Personal Responsibility Is Important: How Did We Get So Entitled? Read More »
