The best financial move I made in 2022 was transitioning to a much higher paying job at another company. This fueled a savings rate of 48% (not including retirement contributions). However, the Fed’s 2022 interest rake hikes to fight inflation did not bode well for my net worth on paper. My net worth decreased vs.…
Monthly cashflow, tax incentives, and owning a hard asset are some reasons why rental property has always been one of my top financial priorities. I’ve collected rent from tenants who were also my roommates. I’ve also rented-out single-family property while living out-of-state. However, given personal preference to reside in the San Francisco Bay area, I…
Due to the uncertainty surrounding the COVID-19 pandemic, a drop in oil prices, and fears of a recession, the early months of 2020 were a roller coaster for the stock market. But as Dave Ramsey says, you only get hurt on a roller coaster if you jump off half-way through the ride. I remained on…
Healthcare is expensive. In The Lifetime Medical Spending of Retirees report, economists noted that households incur an average cost of $122,000 in medical costs between the age of 70 and death. Most of this money is paid out of pocket, with the exception of low-income folks covered by Medicaid. One way to plan for expensive…
It’s valuable to approach investing holistically. Growing money is important, but so is growing in the areas of the spiritual, physical, educational, and recreational. The purpose of this post is to focus on fun memberships that enable couples/ friends/ families to enjoy time together while paying a flat membership fee. Other benefits include physical activity,…
Before investing anything, getting out of consumer debt, saving-up a fully-funded emergency fund, and contributing 15% into retirement are the most prudent steps to take to financially thrive. After that, there’s freedom to deploy extra money in a variety of ways depending on your preferences and goals. Whether it’s a meager raise at work or…