Net worth update
Financial Planning

Net Worth Update: Six Years Later

Once again, it’s Labor Day– the day I “brag” about the fruits of my labor. Except there’s nothing to brag about this year. Our investments have been hammered like cryogenically frozen horse meat you badly want to barbecue. As a result, our household net worth is down for the first …

How to Survive a Bear Market Attack
Financial Planning

How to Survive and Thrive from a Bear Market Attack

Imagine you’re hiking in the Alaskan wilderness with a friend, and not far away, you spot two little cubs heading toward you both. Your heart starts pounding, wondering where momma bear is until you get startled by the sight of an angry grizzly ready to pounce the two of you …

100% savings rate
Financial Planning

How to Calculate Your Savings Rate the Right Way

I recently got interviewed by the FI community on Instagram, and one of the questions the content curator asked was, “How much is your savings rate?” to which I responded with 40%. But in all honesty, I grabbed the number out of thin air. I’ve been religiously tracking my annual …

Net worth update
Financial Planning
2

Net Worth Update: Five Years Later

If you’re one of the smart ones who follow my blog, you’re probably aware I share our household net worth, for the past four or five years, on Labor Day. This tradition has symbolic importance. Never mind if you have a desk job sitting comfortably in front of a computer. …

Financial Planning
5

How to Protect Yourself from Rising Inflation

Talks about inflation have been the rage across news outlets and social media lately. Biden’s $1.9 trillion coronavirus stimulus package is freaking out too many stock-market pundits faster than the vaccine rollout. Some are probably on drugs to even suggest it could reach hyperinflation levels. This fearmongering has led people …

Financial Planning
11

Don’t Make a New Year’s Resolution, Start a Plan

One of my proudest accomplishments is being able to finish our basement with my own hands. It now comes with a full bath, laundry room, home theater, and a mini gym. I did most of the labor myself, including the electrical and plumbing, working mostly weekends with occasional help from …

The Shortest Path to Wealth is Not Necessarily the Best Route to Take
Books

The Shortest Path to Wealth is Not Necessarily the Best Route to Take

What is the shortest path to wealth? Frankly, I have three words for you: “Marry for money.” Either that or “Win the lottery.” Neither is realistic nor practical unless you happen to be extremely attractive or incredibly lucky. If you ask a few personal finance gurus, however, you’ll get differing …

Dying without a will
Financial Planning
4

Dying Without a Will Could be Your Ultimate Horror Story

My first real encounter with death occurred while I was in Manila many years ago. I was riding a cab on my way to the City Hall when I was awakened from my short nap by the driver who was frantically exclaiming in Tagalog, “May tao, nasagasaan ng trak!” A man …

Net worth update
Financial Planning

Net Worth Update: Four Years Later

While this might come off weird for people outside the FI community, sharing our household net worth over the internet is a Labor Day tradition that I’ve observed since I started the blog four years ago. It’s all for transparency, accountability, and validation that the lessons I’ve been writing about …

Dave Ramsey is Right: Payoff Your Stupid Debt Instead of Chasing that 401(k) Match
Financial Planning

Dave Ramsey is Right. Pay Off that Stupid Debt Before Chasing that 401(k) Match

When it comes to paying off debt, there’s only one name that comes to mind: Dave Ramsey. For decades, he has taught millions of people through his podcast and radio show, a process for getting out of debt and building wealth, which he calls the “Baby Steps.” He has helped …