Blog
How to lose weight and save a ton of money
Lifestyle
7

How to Lose Weight and Save a Ton of Money

Would you rather be fat and wealthy with no guarantee of ever becoming fit? Or would you rather have excellent health for the rest of your life with no guarantee of having good fortune? Any smart person would pick the second right away. If you’re guaranteed good health, you’re already a …

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Why you probably don't want to live in a mansion
Lifestyle
6

Why You Probably Don’t Want to Live in a Mansion

I grew up thinking my family was poor. We lived in the heart of Manila but outside of gated wealthy villages in nearby cities. My parents didn’t buy me toys or new clothes. I only got to wear hand-me-downs because I have eight older siblings. I knew we were better …

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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 …

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Richest Immigrant is Elon Musk
American dream

Here are America’s Richest Immigrants in 2021

Forbes has yet to release its annual list of billionaires for 2021, but I’m not relying on an outdated list this time. Instead, I’m publishing my highly coveted immigrant billionaire list based on last weekend’s closing prices. “But why should we admire these super-rich guys we have no chance of …

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Why Married Couples Who Combine Finances Get Richer
Relationships

Why Married Couples Who Combine Finances Get Richer

When my wife and I first dated, I had to fly to Dallas to see her. She offered that I stay in her apartment while she goes back to work, which I accepted without hesitation. I was too cheap to get a hotel room. A whirlwind romance followed, I proposed, …

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Why would a suicidal man murder his family
Relationships

Why Would a Suicidal Man Murder His Family?

You’ve seen it in the news, especially during an economic depression. A man loses his job, gets into a big pile of debt, runs out of options, and then kills himself. In more tragic cases, he takes his whole family with him. If you think having a job is stressful, …

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Why chasing returns is a loser's game
Investing
2

Cathie Wood and ARKK: Why Chasing Returns is a Loser’s Game

How do you call an investment that failed? Answer: a long-term investment! Far too many investors think it’s a joke to stick with underperforming funds in their portfolio— selling them in favor of attractive ones— turning temporary losses into real ones. Nothing wrong with buying and selling based on a …

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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 …

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S&P 500 is not the stock market
Investing
2

News Flash: The S&P 500 is Not the Stock Market

I’m not going to lie to you. Financially, it has been an excellent year for us as a couple. With no mortgage to think about and the kids’ college savings almost funded, our cash reserves have been piling faster than we can invest. If Trump’s win, four years ago, made …

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Books
8

Give Cash on Christmas Day, No Greater Gift is There Than Cash

At least that’s what I think former Wharton professor and economist Joel Waldfogel is implying in his book Scroogenomics: Why you shouldn’t buy presents for the holidays (Princeton University Press).
In a 2012 interview with Bloomberg, Waldfogel argues that Americans end up wasting billions of dollars on presents during the holiday season every year:
“Normally, when we spend money on ourselves we only buy things that they’re worth at least the price. So if I see something worth $50 to me, I’ll buy it. Normally, spending provides some measure of satisfaction.”
He then contrasts this to giving gifts to others.
“Gift giving is really different. If I set up to spend $50 on you, I’m operating at a huge disadvantage– I don’t know what you like or what you already have. I could spend $50 and buy something that is worth nothing to you.”

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