Never Touch the Principal

Building multi-generational wealth means keeping what you save and investing it well.  Doing this means minimizing how much of the principal you withdraw to fund your lifestyle, at least once you’re living off of your investments.  In an ideal world, not only do you have enough capital saved to only use the income and never… Continue reading Never Touch the Principal

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Follow your Passion on the Side

Follow your passion and the money will follow.  So goes the advice anyway.  It’s also not very likely.  Not only not likely, but given how happiness and life satisfaction work, there’s a good chance that you’re following the wrong path.  Following your passion is great advice; just not when determining a career path.  The University… Continue reading Follow your Passion on the Side

Paying for College… or Not?

From nearly the moment your children are born, the question of whether or not to pay for college begins forming in your mind or being asked by “concerned” friends and family.  Can we have a few years to make sure this little one doesn’t stick a nail in an outlet or take a flying leap… Continue reading Paying for College… or Not?

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Start Your “Get Rich” Account

Great Families often have great fortunes attached to them.  Rockefeller, Vanderbilt, and Rothschild are all family names that are well-known to most.  However, great fortunes can also be much more stealthy and still be substantial.  We don’t need to compare ourselves to the .00001%.  Imagine the good that you can do for generations of your… Continue reading Start Your “Get Rich” Account

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Choose Roth over Traditional – But Only When You’re Young

Roth accounts (IRAs and 401ks) and traditional accounts both have their time and place.  For young professionals, choosing a Roth over a traditional account makes sense.  However, as you advance along your career path, earn more money, and build capital, the value of a traditional account over a Roth becomes clearer.  My advice is to… Continue reading Choose Roth over Traditional – But Only When You’re Young

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Pour the Foundation of Your Financial Fortress in Your 20s

Much like how the foundation of your home is what holds up the roof and walls, your financial foundation holds the walls and towers of your financial fortress together.  From a financial perspective, the goal of your 20s is to build the skills and knowledge necessary to construct your fortress in your 30s and expand… Continue reading Pour the Foundation of Your Financial Fortress in Your 20s

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Active Management: Where Does Paying Up Pay Off?

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.

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