Achieve Financial Freedom. Faster.
How much does it take to be middle class, upper middle class, and upper class in New York City? I think it is largely dependent on who you ask. We all know that New York City is a very expensive city. NYC is over twice as expensive to live in when compared to the national … Read more
Ever since I started work, I’ve been obsessed with achieving financial freedom. Because of this obsession, I constantly run different scenarios using retirement calculators to assess where I stand. Fortunately for me, my retirement calculation result has been very favorable despite the very challenging stock and crypto markets. I consider myself financially free if I … Read more
It shouldn’t surprise anyone that New York City is an expensive city. After all, NYC is a global tier-one city. In the 2021 A.T. Kearney Global Cities Index (latest one available), New York City ranks number 1. Do you know who ranked number 1 in 2020? You got it, NYC. NYC has been ranked number 1 … Read more
NFL football season is upon us. I am a fan of watching NFL games. It is one of the bright lights heading into the cold, snowy, dreary winter season here in the North East. Why am I mentioning football on a personal finance blog? I believe there are a lot of similarities between sports and … Read more
It is currently a very challenging economic environment. The Federal Reserve Bank has increased the federal funds rate over the past 5 meetings. The market anticipates more fed funds rate increases ahead. This means there will be more pain. The trickle-down impact of rising fed fund rates is that the cost of borrowing becomes more … Read more
Ever since I started work (and even before then in college), I’ve always dreamed of the day of breaking the shackles chaining me to my office chair. “Let’s work really hard now”, I told myself, “so that I don’t have to work in the future.” One of my early financial goals as a working professional … Read more
I grew up being a math geek. Maybe that is why I enjoy personal finance so much. I am a heavy user of excel. At one point or another, I kept track of all sorts of personal finance numbers ranging from my budget to net worth to retirement savings. One item I used to keep … Read more
It isn’t easy to break into the top 1% of net worth in America. America, after all, is the number #1 economic powerhouse in the world. It might not always feel this way, but we, as Americans, are very lucky to be in America and all the opportunities afforded us here. We won life’s financial … Read more
James Altucher made a light splash a couple of months ago when he published an opinion piece titled “NYC is dead forever.” James is a trader, investor, writer, and entrepreneur who has lived in NYC since 1994. I’m sure there are people out there who agree with James’s assessment of the state of New York … Read more
We are all influenced by our environment. I believe one’s environment is a big factor in determining one’s financial success in life. Look no further for evidence of this than if you are fortunate to be in the United States of America, you have won life’s lottery ticket. It’s not surprising that the average income … Read more