Blog
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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Preparing for the invevitable: Death of a Loved One
Financial Planning
4

Preparing for the Inevitable: Death of a Loved One

Over the course of two weeks, I’ve learned several things that must be done when a family member is dying, which I plan to share in this post.

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Money Taboo Social Media
Relationships
6

Money Taboo (or why people would rather share their sexual escapades than talk about money)

Not long ago, my wife asked me if she could share on her Facebook thread that we’ve paid off the house. My knee jerk reaction was a big N-O! Money is supposed to be taboo— people would rather share their sexual escapades than talk about money. Along with sex, religion, …

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Spending
2

Best Ways to Spend Coronavirus Stimulus Check

We woke up this morning $2,500 and a few nickels and dimes richer. The amount was automatically credited to the checking account we use to pay Uncle Sam at tax-time. In case you haven’t heard, the president has signed into law a $2 trillion coronavirus relief package known as the …

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America's Richest Immigrant in 2018
American dream

Here are America’s Richest Immigrants in 2020

Forbes recently published its annual list of billionaires for 2020. For the third time, I’ve painstakingly gone through the billionaire list to figure out which ones are immigrants based on information that I’ve gathered from the web. “But why should we follow these super-rich guys we have no chance of …

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Life lessons from the Korean Movie Parasite
Lifestyle

Life Lessons from the Korean Movie “Parasite”

If you haven’t seen the movie, Parasite, give yourself a treat and do so while you’re on quarantine. The Korean black comedy-thriller was the biggest winner at the Oscars this year, winning five awards, including Best Picture. The story is about an impoverished family, the Kims, who lived in a …

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