Blog
First Million is the Hardest
Investing

The First Million is the Hardest (here’s how to make it easier)

As cliché as it sounds, the first million is the hardest. Having achieved recently my second in four short years instead of fifteen— saving for my first— is a testament to this. But why exactly is that? The short answer is it takes money to beget money. The more money …

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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 …

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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 …

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The Kingmaker Review
Lifestyle

The Kingmaker: a Damning Documentary of Imelda Marcos’ Greed and Excess

If you haven’t heard of Imelda Marcos’ legendary 3,000 pairs of shoes, it’s either you’re too young or live under a rock. Imelda Marcos was the Evita Peron of the Philippines, only greedier and more corrupt. Her conjugal dictatorship with the late president, Ferdinand Marcos, is listed in the Guinness …

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Anatomy of an American Paycheck
Income
2

The Anatomy of an American Paycheck

If only more people paid attention to their paychecks than credit limits, we would have less poverty, homelessness, divorce, and more happy millionaires who don’t stress about money.

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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 …

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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 …

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How Vanderbilt Heirs Squander the World's Greatest Fortune
Lifestyle
2

How the Vanderbilt Heirs Squandered the World’s Greatest Fortune

A common adage among wealth advisors is “The first generation makes it, the second maintains it, and the third blows it.” Succeeding generations are left scratching their heads in wonder where the money went. No one epitomizes this better than the Vanderbilts. Considered as the first tycoon, Cornelius “The Commodore” …

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Life without retirement savings sucks
Retirement

Life Without Retirement Savings Sucks (and what you can do about it)

Living longer is certainly a blessing. But being a 90-year-old with no money is not a particularly good problem to have. Your quality of life diminishes, and you become a huge burden to your kids, who already have responsibilities of their own.

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Lifestyle
5

How Benjamin Franklin Pioneered the FIRE Movement

The “Financial Independence Retire Early” or F.I.R.E. movement is gaining traction among millennials, and for a good reason. The idea that one could retire in his prime through a high savings rate and frugal living, as opposed to waiting until you’re old enough for Social Security, Medicare, or your funeral, …

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