SPAC is an acronym that stands for Special Purpose Acquisition Company. SPACs have been making headlines primarily for helping some notable private companies go public. As a curious investor, it’s always good to explore new ways to potentially make money. But it is even more important to only invest in something you thoroughly understand. This […]
What Is A SPAC And How Does It Work? Another Way To Raise Capital Read More »
Being smart is generally a good thing. You can use your smarts to make more money and do more things with ease. However, what if you live in one of the smartest countries in the world. Can your smartness shine through when many of your peers are equally as intelligent? Or what if you live
Why The Smartest Countries Are Not The Happiest Read More »
There’s a saying that goes something like this: To feel rich, take whatever you earn and triple it. Once you get there, triple it again. In other words, due to hedonic adaptation, it’s impossible to ever permanently feel rich! We all know that making a top 1% income or top 0.1% income means you are
When Do You Finally Feel Rich? It’s Not Always About The Money Read More »
With the continual rise of insurance costs, it’s helpful to know the fundamentals of various types of health insurance plan structures available today. Let’s look at POS vs PPO health insurance, as these are the two plans we’re deciding between for the new year. One of the things I dread every fall is our health
What Is POS vs PPO Health Insurance? The Costs And Benefits Read More »
At some stage in your investing journey, you may experience a situation where your investment returns surpass your active income (non-investment income, job income). The first time this happens, you may feel excited as you imagine the possibilities. But you likely won’t quit your job just in case it was a fluke. However, after several
Investment Returns Versus Active Income: When Work No Longer Matters Read More »
If you ever find yourself in a situation where you are unsure about an investment, to minimize regret, I suggest you go halfsies. Halfsies is when you either buy or sell half your normal amount. When $520,000 worth of equity structured notes matured, I faced the challenge of figuring out how to reinvest the proceeds.
Unsure About An Investment Decision? Go Halfsies Read More »
The right asset-to-liability ratio is important if you want to retire comfortably or achieve financial independence. If your ratio is too low, you may stress too much about your finances because you have too much debt. If your ratio is too high, you might not be taking enough advantage of enough cheap debt to get
The Right Asset-To-Liability Ratio To Retire Comfortably Read More »
The more money you have, the more you can do what you want. The more power you have, the more you can do what you want as well. Perhaps ideally, you have so much money and power that you’re able to consistently be above the law. Here at Financial Tips, we’re able to help readers
How To Befriend Politicians So You Can Do What You Want Read More »
The Met Gala is an annual fundraiser for the benefit of the Metropolitan Museum of Art’s Costume Institute of New York City. If you want to attend, a ticket costs $35,000 and a table costs between $200,000 – $300,000. However, even if you have the money, you might not be able to go. Anna Wintour,
How Rich Do You Have To Be To Attend The Met Gala? Read More »
Ever since 2012, I’ve invested in equity structured notes to provide for some downside protection. Structured notes have sometimes gotten a bad reputation because they may be complex and expensive. However, just because you don’t understand something doesn’t mean you should burn it at the stake. If a structured note can give you the courage
Not All Structured Notes Are Bad, But There Are Downsides To Know Read More »
