Blog
Credit
7

Awesome Credit– You Must Have It!

You’ve probably heard this line a hundred times at the cash register before, “Would you like to apply for a store credit card? You’ll save 10 percent on today’s purchase.” That was the offer that I accepted from a BestBuy store clerk sometime in the late 90s, just a few months after I …

Read More
Lori Boco's BMW
Career
1

How Bitcoin Mining Helped This Woman “Mine” a BMW

Not every day do you see someone being gifted with a brand new car. You only see it in commercials— the husband brings his blindfolded wife to the garage, and carefully removes her blindfold to the sight of a shiny new vehicle. She then jumps up and down hysterically in joy before kissing him until he can’t breathe.

Read More
Vishing Scammer
Fraud
2

Are You Getting Vishing Calls? Here’s How to Fight Back

Yesterday, I received a vishing (i.e., voice phishing) call supposedly from one of my banks in which I have an account with: This is a call from Chase National Bank. We’re seeing unusual activity in your account. We need to talk to you as soon as possible. Again, it’s imperative …

Read More
FinCon Introvert
Blogging
2

FinCon 2019: An Experiment on How to Overcome Introversion and Shyness

What’s the best way to know if you’re an introvert? Attend a conference where you absolutely don’t know anyone. If you find yourself wishing you’ve gone fishing instead as soon as you hop out of your hotel room, you are one! Fortunately, I know myself enough to overcome that feeling. …

Read More
Masterworks Review
Investing
4

Masterworks Review: Fine Arts Make Fine Investments

Ask any successful investor not named Warren Buffett their secrets for minimizing risk, and they will tell you it’s diversification. Not putting all your eggs in one basket is essential for preserving both your wealth and your sanity. Whenever I pack for a trip abroad, for example, I always make …

Read More
Net worth update
Financial Planning
2

Net Worth Update: Three Years Later (since I started the blog)

It’s Labor Day again. Do you know what that means? That means it’s time for me to share our net worth. Net worth reporting for Personal Finance bloggers is like show-and-tell in kindergarten except you’re not showing a toy— you’re showing a potentially embarrassing report card. I’m starting to doubt …

Read More
Blogging
4

Millionaire Before 50 Turns Three Years Old! Why I Continue to Blog

August 21st marks my third anniversary of blogging at MB-50. Still going strong after publishing over 80 articles or about two posts per month with occasional guest posts from interesting people here and there. It’s been a pleasure serving you. It has been said that it takes three years to …

Read More
Our house
Retirement
2

Why I’m Paying Off My Mortgage Early, Maybe You Should Too

Paying down your mortgage when you have an ultra-low interest rate is unpopular among many investing geniuses because the stock market has historically returned around 12%. The typical advice goes like this: “Your 3% mortgage is cheap money. Put your money on investments that will make you more money!” In …

Read More
Relationships
4

Why You Should Save for Your Kids’ College Education

One of the financial concerns of every couple is saving for their kid’s college education. Some end up making excuses why they shouldn’t, among them: You cannot borrow for retirement, but you can borrow for college. It promotes responsibility– they’ll work harder academically. I don’t have much money left after …

Read More
One Million Dollars
Investing
2

This is How Long it Takes to Save a Million Dollars

Ever wonder how long it takes to save a million dollars? The short answer is it depends how much you can save each month and how well your investment performs. Admittedly, one million dollars is not what it used to be, thanks to inflation. But it’s still a reasonable goal …

Read More