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…
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 have heard people say: what plan should I follow? What should I do first? Where should I invest? Is this better than that? None of these matter in my opinion! Whatever plan that lets you sleep at night is the best plan for you. Don’t worry too much about Read more…
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…
On your financial journey, there comes a time when you need to add something to the strategy that has nothing to do with saving, earning income, budgeting, or investing. That’s right! You have earned some money, pay off debts, invested, and now it is time to protect your hard work. Read more…
Like many, I wanted to live the American dream of homeownership. I knew I could not afford to pay cash and would need to take a mortgage. The thought of borrowing that much money scared me, but like many, I had 30 years to pay it off. I always think Read more…
Finances are not something we talk about even with our friends. It is too personal to bring up during a casual conversation. But just because we don’t talk about it doesn’t mean we are not influenced by our friends’ “financial decisions” regularly. What influences us about our friends’ behavior is Read more…
That’s right, what you make is as important as what you spend or what you don’t spend (save). You probably know someone who has a six-figure salary that is still in debt and can’t seem to have the finances together. Or you know someone with a modest salary and who Read more…
Back home, we say that: “the dad who doesn’t love you leaves you to do things he couldn’t do”. This is probably the worse translation of this Burundian proverb, and for that, I apologize in advance! I love my munchkin with all my heart. The hopes I have for her Read more…