When it comes to a home, most people look at buy vs. rent decision in isolation. Mainstream finance magazines contribute to this thinking by presenting the numbers of buy vs. rent decision as if those direct costs are the only ones that matter. Some bloggers take this discussion forward (but barely) by including the opportunity cost of investing the down payment or other exclusive house-related costs in an S&P 500 index fund. This is still incomplete. Few people consider the bigger opportunity cost of home ownership while working in a corporate career.
Month: July 2016
Elections are an exciting time in a democracy – campaign rallies, conventions, debates, allegations, mud-slinging and fund-raising. The end objective is to earn the investment (vote) of as many citizens as possible. Amidst all the hoopla, one only hopes that truth and fair process get a chance to influence voters on the best candidate to lead the country. This Presidential election season in U.S. has moved up the excitement scale, mainly due to the polar opposite candidates fielded by both major parties.
Col. Jessup: I ordered his assets be transferred off the base as I believe his investing life is in danger. Lt. Kaffee: You mean his investing is not value investing? Col. Jessup: Is there another kind? Lt. Kaffee: What about growth investing, dividend investing, momentum investing and investing in distressed assets? Col. Jessup: Son, I […]
Folks, you have all heard this before. “If you don’t indulge in that Starbucks coffee every day and invest the savings, you will get rich” or something like that. I have heard this story far too many times from far too many ‘experts’. It has even found a place in some bestseller books that sold a million copies! Time to put this overused latte story to test. Let’s compare the latte math with the real math @ TFR.
This post took 10 years in the making. It has its origins in 2005 when I moved to the Washington DC area during the peak of the real estate bubble. Soon after, I have been recommended, advised, urged and sometimes even warned about my foolish decision to rent.
It was nearly 6 PM on Friday and I was getting into my car at the office parking lot. I was looking forward to the weekend after a tiring week juggling tasks, teams, new projects and business plans. My son’s school athletics championship was the main event for our weekend. He had qualified for the decathlon finals after several preliminary rounds. The happy thoughts of spending my day watching my son on the field, and then taking my family out for a nice dinner and ice cream were on my mind when suddenly, my cell phone rang. Sh**, it’s my boss.
There are 10 factors in my life journey that I see as integral to a meaningful and successful life, and net worth is only one part of it. Each of these factors directly or indirectly contribute to my financial and well-being goals. I hope to share my experience (both pains and pleasures) and learn from your comments on each of these areas. Here we go:
Hi, I am Roman (or “Mr. TFR”). Glad to have you here! I am a 45+ corporate senior manager working in a consumer products company, who values financial independence. I have a family (including my elderly mother) to support but that’s not why I need my job, it is because I am doing (so far) interesting […]