House rich, cash poor is when you have a lot of equity in your house but not a lot of cash. For whatever reason, a homeowner has untapped equity in their property but is unwilling or unable to withdraw it. Due to excessive spending habits or financial responsibilities, the homeowner feels poor. After paying for my […]
House Rich Cash Poor Is A Terrible But Fixable Situation Read More »
After a bull market in 2023, let’s look at the 2024 Wall Street forecasts for the S&P 500. Overall, the 2024 S&P 500 targets range from 4,200 to 5,500. With the S&P 500 closing the year above 6,000, 2024 has turned out to be a banner year. Obviously, anything can happen over the course of
2024 Wall Street Forecasts For The S&P 500: More Positive Outlook Read More »
Now that I’ve published the 2024 S&P 500 predictions, let’s look at the 2024 housing market predictions by various industry experts. The forecast for 2024 home prices ranged from -1.7% to +4.1% when I first published this post at the end of 2024. Now as of January 29, 2024, the 2024 home price forecasts have
2024 Housing Market Price Predictions By Industry Experts Read More »
In this Financial Tips podcast (Apple, Spotify), I have the pleasure of speaking with NBA champion Shaun Livingston. Despite sustaining a devastating injury earlier in his career, he overcame and went on to win three NBA championships with the Golden State Warriors as a point guard. He then won a fourth championship as a Golden
Inside An NBA Champion’s Journey With Shaun Livingston Read More »
Everybody knows that being a long-term investor is the way to go. The longer you can stay invested in the stock market and real estate markets, the greater your chances of making more money. There’s just one big problem with being long-term investors. We eventually all run out of time. And if we run out
The Biggest Problem With Being A Long-Term Investor Read More »
Just like how the purchase price of a car is not the entire cost, the purchase price of a house is not the entire cost either. Let’s discuss all the surprising costs that may come after you close escrow. First of all, these are the unsurprising costs after you purchase a home: If you follow
All The Surprising Costs That Come After A Home Purchase Read More »
Empower surveyed 2,304 U.S. adults about financial happiness. And one of the most fascinating data points from the survey was that Millennials need to earn $525,000 a year to feel happy! Obviously, this is just one survey that doesn’t reflect all ~73 million Millennials born between 1981 – 1996. However, the income figure needed to
Why Millennials Need To Earn $525,000 A Year To Feel Happy Read More »
Partially thanks to high mortgage rates, the percentage of homebuyers who pay cash has risen. As of September 2023, according to Redfin, 34.1% of U.S. home purchases were made in cash. This is up from 29.5% in September 2022, when mortgage rates were lower. In 2026, the percentage of homebuyers who pay cash is likely
The Percentage Of Homebuyers Who Pay Cash And Why They Do Read More »
Instead of sharing the usual things I’m thankful for (health, family, being Asian, etc.), I thought I’d share some unusual things I’m thankful for this year! 2023 was supposed to be a return to easy living. Alas, I don’t feel very relaxed. The combination of keeping Financial Tips going and being a dad is grinding
Five Unusual Things I’m Thankful For (Despite All The Bad) Read More »
I’ve been trying to leave San Francisco since 2014. After fake retiring in 2012, I thought it was only logical to move to a lower-cost area of the country, like Honolulu, to save money and be closer to my folks. Yes, Honolulu isn’t cheap, but it’s cheaper than San Francisco! However, every time I try
Why It’s So Hard To Leave San Francisco: Excitement, Fear, AI Read More »
