There are some people who think that achieving financial independence before 60 is only for people with high incomes. I strongly disagree. You can still achieve financial independence sooner on a modest income. A modest income is defined as +/- 25% of the median household income in America, which is roughly $80,000. In other words, […]
Achieving Financial Independence On A Modest Income: $40,000 In Manhattan Read More »
Since 2009, one of the things I have focused on is trying to help readers have a risk-appropriate asset allocation. A risk-appropriate investor invests according to their true risk tolerance. When you invest according to your true risk tolerance, you usually become a calmer, wealthier person. Over the long run, your investment asset allocation is
How To Have A Risk-Appropriate Asset Allocation When Investing Read More »
A recent experience made me realize the best time to own the nicest car you can afford is when you have children. The nicer the car, the safer the car usually is. Although there’s a nice mental health benefit to driving an old beater, I’m willing to spend up as a father in my 40s
The Best Time To Own The Nicest Car You Can Afford Read More »
If you ever get disabled, your active income generating abilities may be in jeopardy. As a result, it’s wise to have disability insurance to cover you when you can no longer work. Bad things happen all the time. During the pandemic, my myopia got worse. Further, if I spend longer than an hour on my
How To Get Disability Insurance And Maximize Benefits Read More »
Since 2012, I have tried hard to stop playing the status game. After all, leaving my job in banking meant losing status at age 34 when folks are usually coming into their own. After my career was over, I turned down multiple TV show appearances, podcast interviews, and speaking gigs. To be able to just
When To Play The Status Game Again: Money, Fame, And Impact Read More »
So you’re wondering what income level is considered rich. After all, if everybody makes $1,000,000 a year, are you considered rich if you make only $500,000 a year? Probably not! In other words, rich is relative and also subjective. When Obama was president, he considered single people making over $200,000 to be rich. He specifically
What Income Level Is Considered Rich? Read More »
I’ve invested in private real estate deals and funds since late 2016. Now I’m in the window for receiving distributions. My investment thesis to invest in heartland real estate has turned out well. Ironically, it was partially thanks to the bad luck of the pandemic as people relocated to lower-cost areas of the country. Although
Private Real Estate Investing: Seven Takeaways After Nine Years Read More »
With U.S. Treasury bond yields still high, the interest in buying Treasury bonds has increased. Let me show you how to buy Treasury bonds online. I’ll then share some buying strategies to help maximize returns and liquidity. Treasury bonds are risk-free investments if you hold them until maturity. You don’t have to pay state or
How To Buy Treasury Bonds And Buying Strategies To Consider Read More »
With the Fed finally embarking on a multi-year rate cut cycle, concerns for another recession or even another global financial crisis is growing. Why did the Fed cut by 50 basis points instead of just 25 basis points on September 18, 2024? Do the Board of Governors know something the general public know? The Board
Personal Lessons Learned Since The 2008 – 2009 Global Financial Crisis Read More »
One of the main reasons why I wrote my WSJ bestseller, Buy This, Not That was to help readers feel less regret by making wiser choices. Regret is one of the worst feelings, especially if it is a type of regret that could have been prevented through knowledge. The easiest way to stop saying, “If
Conduct A Regret Minimization Exercise To Help You Move Forward Read More »
