Here's some good news coming among all the craziness. We now have until July 15th to file and pay taxes....
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I was having a conversation a couple days ago about a new investor. He tried a few MLM/pyramid schemes, and...
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Below is a partial list of some of the resources from which I've learned and been inspired over the years....
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I’m 39 years old, I became a millionaire at 34, and I retired at 36. I’ve been living in the...
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via Instagram https://ift.tt/3aMSnXd There's this law called "escheat" (pronounced "a sheet") which basically says that if a company has some...
Continue ReadingHere’s some good news coming among all the craziness. We now have until July 15th to file and pay taxes. The IRS has confirmed that also extends to your 2019 IRA contribution. So if you haven’t yet contributed $6,000 to your 2019 Roth IRA you can still do so until July 15th. A few […]
I was having a conversation a couple days ago about a new investor. He tried a few MLM/pyramid schemes, and when those didn’t work he moved onto some online forex trading nonsense. It occurred to me that if you’re brand new to the world of investing without much life experience to rely on, it’s pretty […]
Below is a partial list of some of the resources from which I’ve learned and been inspired over the years. I don’t believe in everything from every source below, but the themes among them ring true. Note that every one of these says essentially the same thing: Live below your means. Invest early and often. […]
I’m 39 years old, I became a millionaire at 34, and I retired at 36. I’ve been living in the same one bedroom apartment for the last five and a half years. It’s a converted garage owned by my friends who live in the attached house. My rent is $1,350/month, which is pretty good for […]
via Instagram https://ift.tt/3aMSnXd There’s this law called “escheat” (pronounced “a sheet”) which basically says that if a company has some of your money (either a bank account, owes you a refund, etc) and they don’t hear from you for a long time, they have to turn it over to the state government. Then the state […]
Michael Burry is the guy who famously predicted the real estate collapse in 2007 and was depicted in the movie “The Big Short”. He’s recently come out predicting a new bubble that’s about to pop: Index funds. So we should be worried, right? No. Here’s why: Got it right once syndrome: The media LOVES to […]
Fidelity famously declared victory in the expense ratio wars last year when they released four zero fee index funds: FZROX: Fidelity® ZERO Total Market Index Fund FNILX: Fidelity® ZERO Large Cap Index Fund FZIPX: Fidelity® ZERO Extended Market Index Fund FZILX: Fidelity® ZERO International Index Fund The exploding popularity of low fee index index funds […]
The popular debate of “rent vs buy” ignores the much bigger question: How MUCH should you spend on your primary residence, whether you rent OR buy? To illustrate this point, I’d like to tell the story of my two emoji friends, Morgan and Hannah. They both bought a home in 1989, exactly 30 years ago. […]
Steve, Mike, Larry, Tom and Paul were college friends who graduated 40 years ago. On they day they graduated, they made a pact to max out their IRAs every year, starting in 1979. (It was a Traditional IRA back then as the Roth wasn’t introduced until 1997). They continued contributing every year for 40 years […]
This is the story of three friends, Tiffany, Brittany and Sarah who saved and invested in the US stock market over the last 40 years (1979-2019). All three saved $200 of their income per month for 40 years for a total of $96,000 each. But after 40 years they all ended up with different amounts […]
