Fear is everywhere. Our politicians scare us about a doomed future if they aren’t elected or if any of their policy proposals are rejected. TV reporters paint fearful pictures of our communities, our nation and our world by the images and news that incite fear and negativity – right in your home’s 75 monstrous inches of full HD 1080p resolution […]
Month: October 2016
I am angry today. My friend Paul has always been generous in his sharing and volunteering. He had lost his job and fallen on tough times. Being a nice guy that he is, he offered to pick up the lunch tab when he called to seek my advice. Knowing his situation, of course, I couldn’t allow it. […]
This is not a topic you hear about much in mainstream finance. Even if you understood the efficient frontier and also that risk and reward are probability-based, there is a fundamental difference in our approach to risk that mainstream financial planners don’t bother to even ask. This is about risk tolerance vs. risk affordability.
I am happy to share with you all today that this website has crossed two milestones. It is now a 3-month old baby and it has crushed Alexa 500K rank! I know nothing of web marketing and SEO tools (did not even know what the letters stood for until about a year ago) and yet, this website is making a steady march forward.
This would not have been possible without you. Thank you readers and fellow bloggers!
It is only money and it grows on trees, according to Cara MacMillan. I read many articles daily and quite a few books every month. Occasionally, I am also sent new book material and manuscripts for review. I have turned down such requests largely because of time constraints. But this one was interesting and I […]
Most people work in jobs that drain their energy away. Faced with mortgage or rent, car payments, student loans, credit card debt and other IOUs, most of what gets deposited to your bank as your ‘paycheck’ is gone by the first week of the month. You still have 3 more weeks left before the next paycheck comes.
People working on personal finance goals come from all sorts of interesting backgrounds. There is no summary demographic, or any racial, social and ethnic marker that collectively defines us – which is great! We are all very different people. Yet, what binds us together as a ‘community’ in the vast internet space is our single-minded focus on our goal to reach financial independence, despite many challenges we face along the way. While working on your goal is great, the journey also has to be worth your while.
If you cannot use credit responsibly, the common advice you are given is to simply chop up your credit card and use only cash for purchases. But what if you are a responsible credit user working your way to become a PAW? Then, I have a better suggestion for you. Chip up your credit card. What? Read on…
It was over 10 years ago. Yet, I remember even the smell of the hospital sheets the day TFR Junior was born. I was in the hospital operating room after donning a protective gown when the doctors started to do a C-section on my wife. It was over in minutes and they handed the […]
We spend a lot of effort chasing our number or desired passive income to reach our financially independent or retired early (FIRE) dream. In all the search for ‘how much’, we also need to consider ‘how long’. With some retiring in early 30’s, the impact of this extreme early retirement should be carefully considered. If you are like me in 40’s or even in 50’s, there is at least one advantage we have over our 30’s retired brethren – our retirement planning is not as long. Don’t let that depress you. It’s the life you add to the years, not the years you add to life that matters! As Yoda would say: matter it doesn’t!