If you’ve amassed a decent amount of wealth, you will likely want to leave some of it to your children. Let’s discuss some inheritance tips so we don’t screw up our children. Every financially-responsible adult who builds great wealth fears demotivating their kids. One of the reasons why my 31-year-old neighbor still lives at home […]
Inheritance Tips So You Don’t Screw Up Your Child’s Life Read More »
If you’re wondering what’s the best age to have a baby, I’ve got some very important thoughts for you. Having children is one of the best things you’ll ever do. Children make like more meaningful. Their love will fill the household. But children are also hard work. And your happiness will likely plummet in the
What’s The Best Age To Have A Baby? 20s? 30s? 40s+? Read More »
Parents looking to leave work, listen up! As someone who literally wrote the book on how to negotiate a severance, let me share with you a severance negotiation success story if you want to leave your job to spend more time with your kids. Severance negotiation success stories give uncertain employees more confidence to negotiate
A Severance Negotiation Success Story For Parents Looking To Leave Work Read More »
Children are expensive. The more you love your children, the more expensive they will likely be! Therefore, you should have a net worth goal before having children. This way, you can provide them the world without getting overly stressed about your finances. Money is constantly a top three reason why couples fight. And once you
Have A Net Worth Goal Before Having Children: How About $1 Million Read More »
We’ve all heard of trophy husbands and trophy wives. But what on earth is a trophy kid? Here’s how one expecting parent explained the term trophy kids to me at the playground one day. A trophy kid is what’s known as the 4th kid or greater in a family. Because raising kids is so expensive,
Trophy Husbands, Trophy Wives, And Now Trophy Kids Oh My! Read More »
Wondering how much to contribute to a 529 plan? This article provides a proper framework for 529 plan contributions by age. The idea is to contribute enough so that the 529 plan can comfortable cover most, if not all of your child’s college expenses when the time comes. For background, I am a father of
Determining How Much To Contribute To A 529 Plan: Too Much No Good! Read More »
Financial independence is the best. Financial DEpendence is the worst. If you truly love your spouse, you would make them financially independent. Don’t let them always feel like they have to ask for money or ask for permission to spend money. If you plan to get married, then you better not get divorced. Otherwise, what’s
Financial Dependence Is The Worst: Why Each Spouse Needs Their Own Bank Account Read More »
This post will look at the ideal house size and layout to raise a family and live your best life. I have bought and sold seven homes since 2003 and currently own five homes. Each house has a different layout. In addition, the ideal house size and layout is also different for different household sizes
The Ideal House Size And Layout To Raise A Family Read More »
The coronavirus pandemic is a crisis. As such, we should never let a crisis go to waste. There’s always something good to be done during difficult times. Before the coronavirus, our family of four had everything planned out. We were going to lead a simple, early-retirement lifestyle in the San Francisco Bay Area. Our three-year-old
Never Let A Crisis Go To Waste: Three Things Every Household Should Do Now Read More »
Are you wondering whether to superfund a 529 plan? My wife and I did for both our children when they were born in 2017 and 2019. I’ll share with you our reasonings in this post. If you can superfund a 529 plan, I think you should. It feels good to have your child’s education fund
Should I Superfund A 529 Plan? Evaluating The Pros And Cons Read More »
