Never confuse activity for effectiveness. Many people wrongly believe that because they are busy, they are also moving forward and accomplishing goals. Without activity, there is no effectiveness but there can be plenty of activity without effectiveness. It’s important to differentiate between the two.
Cash & Short Bonds are Attractive Again
Disclaimer: The article below discusses certain investment strategies, some of which I am using currently in my personal portfolio and some of which I am not. Do your own due diligence before making an investment decision. It’s your money; you’re the best person to judge what is best to do with it.
The Power of an Increasing Savings Rate
The basic math behind financial independence is actually not that difficult to understand. The more you save, the quicker you get there regardless of what the stock market does. In other words, controlling what you can control in the form of your savings rate will also be the most impactful that you can do. While… Continue reading The Power of an Increasing Savings Rate
Make Hay While the Sun Shines
Many people tend to think that the Top 1% of income earners in America is a fairly ubiquitous group that tends to stay consistent through time. In fact, nothing is further from the truth. The odds of getting into the top 1% of income earners are higher than most think, while the odds of staying… Continue reading Make Hay While the Sun Shines
Your Personal Inflation vs. CPI
The Consumer Price Index (CPI, or CPI-U as the Consumer Price Index for All Urban Consumers is the primary CPI measure used) is something of an enigma to most people. There’s sizable confusion about what it is and what it isn’t, which may be due to the sheer enormity of it (the CPI-U has 393… Continue reading Your Personal Inflation vs. CPI
Motivating Children in a Wealthy Family
Many children from wealthy families suffer from unhappiness, depression, and a general lack of motivation. If you’ve always been given everything you want, what’s the point of trying to provide for yourself? Yet many children of wealthy parents not only thrive in life, but even outperform those same wealthy parents. Why do some fail so… Continue reading Motivating Children in a Wealthy Family
Stop Playing Small Ball – Focus on the Big Stuff
Years ago, David Bach hit it big with his concept of the “Latte Factor.” According to his website, the Latte Factor concept is based on focusing on small expenses in order to save money for retirement and other goals. In theory, by eliminating those $5 and $10 recurring expenses, you can have the money available… Continue reading Stop Playing Small Ball – Focus on the Big Stuff
What’s Your Number?
For those of you not in the investment profession, let me share a little secret: Most of us are not very happy at our jobs. Many people outright hate them, yet the pay is so good that they can’t fathom leaving for something else. To many who sit on trading desks or as an investment… Continue reading What’s Your Number?
Is Risk Parity Worth Exploring
Disclaimer: The article below discusses certain investment strategies, some of which I am currently using in my personal portfolio and some of which I am not. Do your own due diligence before making an investment decision. It’s your money; you’re the best person to judge what is best to do with it.
Protecting Your Assets from Creditors and Lawsuits
Protecting what you already have is an important, and often overlooked, aspect of building wealth. It’s an unfortunate truth that we live in a litigious society and the target on your back only grows as you earn more wealth and status. That’s why practicing stealth wealth is one of the best strategies around!