Protecting and preserving wealth is just as important as building it. Think of wealth as a house. At the foundation are the resources (businesses, education, jobs, skills, etc.) that are the catalysts for growing wealth. The walls and contents are then the investments and assets built/grown upon these fundamental resources. The roof then acts as the protection in keeping all the resources and assets safe. Every component is just as valuable as the next, and all are vulnerable without a properly structured roof.Read More
Filtering by Category: Money Tips
I’ve been on a mission to track and reduce my household living expenses for quite a while now. Along this path I discovered some fairly lucrative ways to save across multiple areas of spending that have had little-to-no impact on quality of life.
I’ve decided to compile those discoveries here as one long list broken out by category. Feel free to browse through. My hope is that there are at least one or two items that might also help your household save some money with relatively minimal effort.Read More
Over the last few years I've been in the fortunate position to meet some fascinating people from all walks of life. Quite often I also get to pop the hood on their finances. The financial stories are just as varied as the people, but a select few have achieved a rather impressive abundance of wealth. I have noticed a commonality within this community: in absolutely zero instances was this high level of wealth achieved via the stock market.Read More
My last post featured a "travel hacking" strategy that focused on maximizing your travel perks via credit card rewards. Today's post will stick to a similar theme (getting the most out of your dollar when traveling), but this time by way of finding international destinations where your dollar can go much further with every purchase.Read More
I was recently listening to a ChooseFI podcast that highlighted financial independence OG, Vicki Robin, author of Your Money or Your Life (reviewed admirably by Paula Pant). During the interview, I became fascinated her discussion of the "fulfillment curve", which is basically a graph created by Vicki and her co-author, Joe Dominguez, that maps the relationship of spending and happiness. The chart hones in on the law of diminishing returns past a certain level of consumption.Read More