How to ruin your investment porfolio (Part II: Technical Analysis)
Investing

How to Ruin Your Investment Portfolio (Part II: Technical Analysis)

Humans are by nature impatient. At the supermarket counter, we’d constantly look into our watches when several people are queued ahead of us. If we’re in a hurry, we’d drive to another store even if it takes much longer to get there. And if we actually do, we’d honk on a car in front of us, at some stoplight along the way if the driver hesitates to proceed for safety.

How to Ruin Your Investment Portfolio Part I
Investing

How to Ruin Your Investment Portfolio (Part I: Day Trading)

Almost everyone has heard of Aesop’s parable of “The Tortoise and the Hare”. In a nutshell, the story goes like this… There once was a hare who bragged about how fast he can run. Tired of the hare’s boastful behavior, the tortoise, challenges him to a race. The hare soon …

No. 1 Destroyer of Wealth is Divorce
Relationships
5

The No. 1 Destroyer of Wealth is Divorce

Out of the most feared and dreaded D’s in life, there’s probably no subject more shunned upon by money bloggers than the topic of divorce. It’s not a particularly difficult topic to write about, and yet many avoid the subject altogether. This is surprising because divorce is no longer a taboo considering its prevalence in modern society.

Top 10 posts of 2018
Blogging

Lessons from the Most Popular Posts of 2018

As we welcome the new year, let’s take a look at the most popular articles that were published here on Millionaire Before 50. But more importantly, let’s highlight the lessons that we can learn from them.

Stock Market is like Climate Change: Keep your Eye on the Man, not the Dog
Investing

Stock Market is like Climate Change: Keep your Eye on the Man, not the Dog

In episode 12 of the fascinating science mini-series, Cosmos, Neil deGrasse Tyson explains why meteorologists suck at predicting the weather. He goes on to explain the difference between weather and climate. “Weather is what the atmosphere does in the short term, hour to hour, day to day. Weather is chaotic, …

Distinguishing between Wants vs Need
Budgeting
8

Distinguishing between “Wants” vs “Needs” is so easy, even a 9-year-old can do it

“Hey pa, I got a perfect score!” my son proudly exclaims while greeting me as I come in the kitchen door next to my garage. I just got home from my long commute from work. “Great job! I’m so proud of you.” I replied, barely looking into the piece of …

Bald Faced hornets
Saving ideas
3

How the Massacre of “Killer Bees” Saved Me $300

If you ever own a home, you know that the monthly mortgage, property taxes, and insurance are not the only payments that you’ll ever have. A significant portion of your housing expense involves its maintenance from both inside and outside the house: plumbing work, appliance repairs, repainting, yard work, etc. …

Visualizing Worst and Best Days of the Dow
Investing

Visualizing the Best and Worst Days of the Dow

“Dow falls 832 points in the third-worst day by points ever” was the headline last Thursday on CNN Business. The media loves to sensationalize declines in the stock market, like any other news topic. The increase in readership almost always results in increases in advertising revenue. But the truth is the …

Suze Orman could be right
Financial Planning

Suze Orman Could be Right, This Calculator Can Tell You Why

If you’ve been following my posts, you probably know by now that this is not a FIRE (Financially Independent, Retire Early) blog. For one thing, I’m already in my forties when I wrote my first post.  There’s no way I could retire in my 30’s without sneaking into my sister’s time …

Your Money or Your Life
Books
4

Book Review: Your Money or Your Life by Vicki Robin

Imagine yourself walking into a dark alley, in the middle of some ghetto neighborhood, and halfway through, a masked thug suddenly appears, pulls out a sharp knife and exclaims, “Your Money or Your Life!”  Unless your first name is Chuck and your last name is Norris, chances are, you would surrender …