Here is the Breaking News: If you make $125,000 or less and have federal student loans, you might be eligible for $10,000 loan forgiveness. It means you will not have to pay back the $10K! This is huge! It can be life-changing for some people.Some people are happy to have Read more…
Why compare crypto to investing?Glad you asked! Because cryptocurrency is not investing. I look at this the same way I look at the lottery. There is a possibility that it can make you rich, but the probabilities are against you. Be careful with investments that are hard to evaluate. You Read more…
Money management is a strategy to ensure you get the most out of your money. It includes expense tracking, investing, banking, taxes, etc. Good habits and character are the foundation for money management. You can’t outperform a bad strategy no matter how much money you have. Learn how to steward Read more…
When you are a kid, you can’t wait to grow up. When you are grown, you wish you could go back to being a kid. Each phase has its perks and challenges, but we usually tend to focus only on the challenges. We just want to enjoy the good parts Read more…
In the FIRE community, some common beliefs are followed (some of which I find very extreme). (a) invest aggressively (50%-75% of your income); (b) get rid of debt; (c) use cash instead of a credit card; (d) retire early (in your 30s or 40s), (e) live on 4% of your Read more…
Before you move on to the next post, this post is not about limiting you but growing you. When I think about the life I want to live, I think about the freedom I want to have (especially in my older days when I don’t have that much energy left). Read more…
Investing is not exciting. I would even go as far as to say that it is boring. BUT, it’s so worthy it! Stay focus on the end goal; which is building wealth.
I wish there were a specific plan that can work for all. Or a formula that can match everyone to a customized plan. Do you know those tests you take and, based on your score, they put you in a category? That would make life so much easier. Unfortunately, that’s Read more…
Wealth is an abundance of valuable possessions or resources. Wealth is sustainable. Having money in your bank account doesn’t make you wealthy. Wealthy people have money, know how to make money, and know-how to manage money. So how does one become wealthy? What should we be doing or avoiding in Read more…
Personal finances are easy to mess-up, and some people think you need special education to know how to manage your money well. The truth is you can learn everything you need to know for free online. So why would people need financial coaches, advisors, or mentors? Because they need a Read more…