Achieve Financial Freedom. Faster.
I have a confession to make. I have an obsession, maybe even borderline addiction. It isn’t necessarily an addiction of vice; although I’m sure some people can view it that way. I think about my addiction constantly – day and night. I don’t keep track of the number of times I think about it during … Read more
Anyone who follows this blog knows I am a big fan of real estate, especially direct holdings of residential rental properties. This world is constantly changing. But no matter how much the world changes, I can’t see people not finding a place to call home. We will always need a roof over our heads, a … Read more
I strive hard for financial independence (FI). This is probably typical of a lot of personal finance bloggers out there. In order to reach FI, I need to have my passive income be at least as great as my household expenses. That passive income needs to be net cash on an after-tax basis. The after-tax … 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
Andrew Carnegie, who became the richest American back in 1901 when he sold his company US Steel, said “90% of all millionaires become so through owning real estate.” Now I didn’t fact check his quote but I agree with his sentiment around real estate. Anyone following this blog knows that I am a big fan … Read more
I’m a big fan of real estate. There are reasons why the word “real” is the first word in real estate. It is something tangible we can all see, feel, and, more importantly, use. Can you envision a world where we don’t need a property to provide a roof over our heads and a home … Read more
I believe anyone can be wealthy in America. In my opinion, this is still the greatest land of opportunity. I’ve been fortunate enough in the past 20 years to go from zero to over $10 million in net worth, even when living and working in an expensive city such as New York City. People talk … Read more
We are currently living in some uncertain and challenging time. COVID-19 has unleashed a tsunami of health worries and economic pain on this world. Over the past 2 decades, I’ve experienced a few economically challenging times. Early on when I started my professional career, I dealt with the bursting of the internet bubble and, shortly … Read more
The Stock Market Drop The U.S. equity markets have made quite a nice rebound. The equity market started reflecting in earnest the health and economic effect of Covid-19 on the US. Within the span of 1 month, the market went into a nose dive. The S&P 500 went from a high of 3,386 on February … 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