If you’re a real estate investor with children, you may face two significant challenges. The first challenge is holding onto your rental property for as long as possible. You understand that the longer you own real estate and stocks, the more likely you are to build wealth. However, as you grow older and wealthier, your […]
Rental Property Maintenance With Your Kids Solves Two Problems Read More »
With the election over and Trump winning, the political mudslinging and dirt-digging has subsidies. But there was a time when being childless and loving cats was a big debate. Republican VP-elect JD Vance said this during a 2021 interview with Tucker Carlson: “It doesn’t make any sense that we turned our country over to people
The Economics Of Being A Childless Cat Lady Or Gentleman Read More »
After publishing my post, “When To Stop Contributing To A 529 Plan,” I felt a sense of emptiness. For years, I had been trying to find a logical way to decide when to stop saving for my children’s college education. When I finally figured out the answer to my financial obligation, I lost some purpose.
A Parent’s Existential Crisis: When All Financial Obligations Are Met Read More »
There’s a classic saying, “Youth is wasted on the young.” It’s meant to convey that those who are young lack the perspective to appreciate all the advantages of youth and thus take it for granted. After more than seven years of being a parent, it is clear to me that not having kids is a
Not Having Kids Is Your FIRE Super Power: Don’t Blow It! 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 »
Understanding the fundamentals of personal finance is pivotal for kids to successfully launch into the world of adulting. Money skills are necessary to navigate effectively through everything from life’s humdrum day-to-day tasks to its elaborate complexities. Yet what surprises me is that most schools are still not required to teach financial literacy to students. Due
Raising Money-Smart Kids: A Guide To Teaching Personal Finance Read More »
Unlike buying a primary residence, where I believe you should buy one as soon as you can afford to, purchasing a vacation property is a different matter. Nobody needs to buy a vacation property; it’s a luxury expense that everyone can do without. Chances are, you won’t use your vacation property enough times a year
Don’t Buy A Vacation Property Until After You Have Children Read More »
In 2007, I had a dream of taking my future family on a ski vacation. I was an avid snowboarder and my wife enjoyed the tranquility of Lake Tahoe. After receiving a good bonus, I bought a two-bedroom, two-bathroom condo at Everline Resort in Palisades. Our son came ten years later, but we didn’t go
Family Ski Vacations: The Cost Could Break The Bank! Read More »
Lately, I’ve been pondering why I have less admiration for men who claim to be retired but have a working spouse. Is it fueled by envy? It’s possible, considering I wouldn’t mind if my wife were the breadwinner, easing some of the financial strain on me. The sentiment is akin to observing several of my
A Provider’s Clock For Men Is Like A Biological Clock For Women Read More »
After publishing my post on no longer being financially independent, several media outlets picked up the story and thousands of comments on their respective platforms ensued. The main criticism was that my expenses were way too high and that I am greedy. As a result, I thought it would be useful to discuss the impact
Inflation And Greed: The Biggest Wealth Destroyers For Families Read More »
