If you’ve been feeling down despite the apparent strength of the economy, I can relate. Despite stocks, real estate, and other risk assets reaching all-time highs, there seems to be a growing silent recession among Americans. Here are the primary reasons why I believe some of us don’t feel better despite the apparent strength of […]
A Silent Recession: Why You Might Feel Bad Despite A Good Economy Read More »
I’ve faced interesting criticism for encouraging my wife to re-enter the workforce after she left in 2015. However, it’s important to clarify that she hasn’t been truly retired. Instead, she has been actively engaged as a full-time mom since 2017. In addition, she has helped do a lot of the operational and editorial work for
Life Insurance Is A Reason Why Your Spouse Doesn’t Need To Work Read More »
One of the most commonly asked questions I get is whether I had to make sacrifices in my pursuit of FIRE (financial independence and retire early). When they refer to sacrifices, what they really mean is whether I missed out on the typical fun experiences of a young adult. These aren’t serious sacrifices like risking
The Sacrifices We Make To Achieve Financial Independence Read More »
Zillow recently released an intriguing study that outlines the income needed to afford a “typical home” in different cities. The study considers a 10% down payment and utilizes the Zillow Home Value Index to determine the median home price in each city. A 10% down payment is lower than my recommended 20% down payment based
Income Required To Afford A Typical Home By City In 2025 Read More »
With negative cash flow, I’ve embarked on a mission to trim unnecessary expenses from my budget. In times of surplus cash before my home purchase, I hadn’t scrutinized my expenses for years. It’s not that I was lazy about budgeting; instead, I’ve always embraced the “pay myself first and spend the rest” strategy. Each month,
Three Sneaky Expenses That Are Ruining Your Budget Read More »
One of the most effective ways to build semi-passive income is to own your primary residence, live in it for several years, then rent it out and purchase a nicer property. If you’re aiming to retire early, over a 20-year career, you could easily build a rental property portfolio consisting of 3-5 units. This has
The Best And Worst Times To Find Renters For Greater Cash Flow Read More »
Net worth composition for the top 1%
Obtaining A Top 1% Net Worth Is Easier Than Ever Before Read More »
Now that cash flow is tight, I’ve reviewed all the expenses where I could potentially cut. One such expense is a private sports club membership. I joined the club in February 2023 when it was raining nonstop for three months. I was getting cabin fever so I decided to pay $180 a month for access
A Private Sports Club Membership Is Well Worth The Cost Read More »
For those of you who are looking to upgrade homes, let me tell you a sad truth. I climbed to the top of the property ladder with my latest home purchase, and after five months, I felt no happier. More than 20 months later, I also don’t feel happier. Whenever someone would congratulate me about
Climbed To The Top Of The Property Ladder And Feel No Happier Read More »
In 2009, I established my first rule of FIRE: generate enough passive income to cover your basic living expenses. Once achieved, you attain financial independence and the freedom to pursue your desires. Since then, various permutations of FIRE have emerged, one of which is Coast FIRE. Coast FIRE involves front-loading your retirement savings and then
The Most Dangerous Early Retirement Strategy To Follow: Coast FIRE Read More »
