Can your finances withstand a Fed rate hike? The Fed Funds Rate (FFR) is at 0% – 0.25% to help combat the recession and global pandemic. However, now the Fed is aggressively raising rates to fight 40-year-high inflation rates. Usually, when the Fed raising rates so aggressively, risk-assets sell off. Therefore, it’s important to solidify […]
Can Your Finances Withstand A Fed Rate Hike? Read More »
Opening a Roth IRA for your kids is a must once they start generating earned income. Not only will opening a Roth IRA help build wealth for your kids, if you have a business, it will also help you save on taxes. If you start contributing to your kid’s Roth IRA young enough, there’s a
Opening A Roth IRA For Your Kids To Build Wealth And Save On Taxes Read More »
There is an unhealthy desire for prestige and money that is ruining people’s lives. At the end of all the striving, you might end up feeling empty inside. The desire for prestige and money is why we: 1) spend an outrageous sum of money on education, 2) kill ourselves at jobs we don’t like, 3) put
The Unhealthy Desire For Prestige And Money Is Ruining Your Life Read More »
When everybody seems to be getting rich but you, it’s a disconcerting feeling. However, after 22 years of living in San Francisco, the startup capital of the world, I say that if you want to get rich, don’t join a startup. Instead, invest in startups through an open venture capital fund like the Fundrise Innovation
Don’t Join A Startup If You Want To Get Rich: Baremetrics Case Study Read More »
Ever since the global pandemic began, the private jet market has been booming. But as a financially savvy person, you might wonder how much does it cost to fly private? Further, are there any cost-efficient ways to fly private? Flying private is one luxury that can improve your life once you become rich. No more
Flying Private: The Cost And Benefits Of Luxury Travel Read More »
As I’ve gotten older, my risk tolerance has steadily declined. This is partially why I’ve only got ~30% of my net worth allocated to the public markets. When you accumulate enough wealth, you no longer want to have as much exposure to assets that are intangible, risky, and hard to control. There’s just too much
Is Your Risk Tolerance High Enough To Invest? Follow The Slaughter Rule Read More »
For the past 10 years, traffic for the post, West Coast Living: Yes It Really Is Better, has been increasing. In the past, people landing on this post would come mainly from the East Coast. However, this year, I’m seeing more people coming from the Midwest and the South. Migrating to California is picking up
Migrating To California From The Midwest Or The South For A Better Life Read More »
If you want to get ahead, have a productive morning. A productive morning will likely make you richer. Unfortunately, a productive morning might not always mak you happier. Let’s say the average person wakes up at 7 am and goes to bed at 11 pm. You decide to wake up at 5:30 am and work
A Productive Morning May Make You Richer, But Not Always Happier Read More »
Accurate passive income forecasting is important for tax minimization, better time utilization, stronger mental health, and increased overall happiness. Some passive income investments are harder to forecast than others. In 2020, I made a big mistake by inaccurately estimating my passive income. At the beginning of 2020, I estimated I would earn roughly $70,000 from
Accurate Passive Income Forecasting Is Vital For Long-Term Happiness Read More »
If there’s a car in your blind spot and you swerve suddenly, there’s a good chance you’ll get into an accident. Your accident will not only cost time and money to fix, you might also suffer an injury or even die. If you have financial blind spots, the consequences can be just as severe. I can’t teach you
Common Financial Blind Spots On The Road To Financial Independence Read More »
