Blog
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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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 …

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