High interest rates could be the best thing for investors, personal finance enthusiasts, retirees, savers, and those seeking financial independence. You know, most of us. Even though it was uncomfortable to lose money when the Fed first started hiking rates in 2022, the Fed may have ultimately done us a favor by hiking through the […]
Why High Interest Rates Are Great For Most, Even If We Crash Read More »
I’ve written about the importance of having a strong money mindset to get richer. But what I’ve also realized is having a scarcity mindset can also make you richer as well! Could both mindsets lead to good fortune? Let’s explore whether a scarcity mindset, some call it a cheap mindset, could actually make you richer.
A Scarcity Mindset Will Make You Miserable But Potentially Richer Read More »
Emotional attachment is dangerous when you are making a financial transaction. It can make you pay more than you should or hold on too long. Now that I’m in contract to buy a home with contingencies, I’ve been wrestling with my emotions on whether buying a new home is a good idea. Perhaps you’ve also
5 Ways To Overcome Emotional Attachment To Buy A New Home Read More »
If you or your spouse are rich, consider creating a trust fund job or taking a trust fund job. This way, you’ll gain more status, stay relevant, and deflect suspicions that you may be an unproductive member of society. The older I’ve gotten, the more I realize there are plenty of people with trust fund
Trust Fund Jobs For Status, Purpose, Relevance, And Meaning Read More »
I realized something important for all of you who have automatic mortgage payments and also like to automatically pay down extra principal each month. It is don’t forget to adjust your mortgage autopay amount down when rates increase. When I refinanced a primary residence loan in 2019, I decided to get a 7/1 ARM at
Adjust Your Extra Principal Automatic Mortgage Payment When Rates Rise Read More »
After successfully replacing her lost passport, my wife finally got to Tokyo, Japan to help her mother out with her mother’s sister’s estate issues. At times, it felt like mission impossible coordinating the trip, booking the hotels, going to the countryside to place the urn, and meeting with another country’s estate planning lawyers. Her mother
The Things We Learn After Being Apart For A While Read More »
If you want to get rich, you might as well aim to get really rich. Being so-so rich, or mass affluent, where your household earns multiple six figures and has a single-digit million net worth, is not bad. But you’ll likely still suffer from continued angst and anxiety, especially if you’re a parent. It’s only
If You Want To Get Rich, Make Sure To Get Really Rich Read More »
During the summer, I like to work odd jobs to remind myself of the importance of hard work and determination. This way, it helps me not take for granted the things that I have today. Since starting Financial Tips in 2009, I’ve been told countless times that I live in a bubble and I’m out
A Summer Job Landscaping A Rental Property With My Children Read More »
I watched something on TikTok that made a good point. The premise is that Finance is the language of the elite. It sounds presumptuous and elitist, but it could be true! Have a watch or a listen and see if you agree. Here’s what he says: Most people are financially illiterate. You know what the
Finance Is The Language Of The Elite Only If People Don’t Learn It Read More »
CNBC got folks fired up when it came out with its top 10 worst states to live and work in. Texas, a state with a population of almost 30 million, came in as the worst state. I’ve been to Austin and Houston a dozen times for work. They are fine cities with some mighty fine
The Worst State To Live And Work In America Is Texas? Giddyup! Read More »
