Achieve Financial Freedom. Faster.
I went through my usual weekly perusal of personal finance blogs when I came across a post written by Backpack Finance about what he perceives to the downside of having a side hustle. He presents reasons why he thinks focusing on only one thing such as your career can produce a better financial outcome in … Read more
I believe in a very simple equation for wealth creation and accumulation: Earn ASAP + Save ASAP + Invest ASAP = Great Wealth It’s pretty much self-explanatory – but just in case you need a quick refresher: Earn is to make money. Save is to not spend the money earned. Invest is to put the … Read more
Wow, I can’t believe another year has passed. As I’ve gotten older, time moves a lot quicker. 2019 has been a great year financially speaking, especially in the US. The S&P 500 returned 31.5% including dividends. All the major US stock indices reached record highs in 2019 including the Dow Jones, Nasdaq, and the aforementioned … Read more
I run calculations. I’ve been running calculations since the day after I graduated from college. The calculations are usually how much my family spends in a year. This is absolutely necessary in order to determine how much income I need to generate annually to be able to meet my household expenses. As any follower of … Read more
Nowadays, it is hard to go a week in visiting personal finance news magazine websites without seeing a story about the impact of student loan on the borrower. Research has shown that student debt has very negative effects on the US economy and life in general. Those negative effects include: Delaying marriage and delaying the … Read more
Note: You have been warned. This post contains spoilers to the Game of Thrones up to the first 3 episodes of the final season. I am a big fan of Game of Thrones. This final season is especially exciting. The start of each weekend brings a level of anticipation for Sunday night to roll around … Read more
I’ve spent the past two decades planning for early retirement. That was the number one long term financial goal right out of college. I used to tell people “I work hard now so I don’t have to work hard tomorrow.” Retirement was a constant financial target for me and I diligently monitored and tracked it … Read more
I was watching the nationally televised NFL Sunday game of the week. It was the clash between an undefeated team standing at 7-0 in the Los Angeles Rams against the Green Bay Packers led by one of the greatest quarterbacks of his generation in Aaron Rodgers. The first half of the game was low scoring … Read more
Note: This post was originally written back in August 2016. Lebron James signed two short term contracts with Cleveland Cavaliers since joining them back in 2014, each one with a one year player’s option to opt out. Signing such a short term contract allowed James to maximize his salary each year he plays – but … Read more