Kids grow up so quickly. I originally wrote this post in 2015 when our son was 4 years old. Now, he’s 11! Back then, he didn’t really understand money, but he knew money is nice to have. He always picked up coins whenever he saw one and put them in …
Last week, I saw a very interesting personal finance story. If you haven’t seen this, then take a guess who this story is about. This person is an entrepreneur, hedge fund manager, and investing guru. Here is their asset allocation. 50% in cash 40% in U.S. index funds 5% in …
Whew, the first half of 2022 is over. It’s been a tough year for investors. The stock market is officially in a bear market and a recession is looming. Along with the stock market, our net worth decreased by the largest dollar amount ever (15%). However, our passive income is …
A while back, I got an email from a reader who wanted to know how I’d invest if I recently graduated from college. This is an interesting question. On one hand, we are doing pretty well financially so that means I did a lot of things right. However, I also …
Hey, everyone. Did you have a good month? May was uneventful for us. Life just went on as usual. Now, we are just waiting for RB40Jr to finish school. Once he’s done, we’ll go on a long summer vacation. On the personal finance side, May was an anomaly. We spent …
Hey, everyone! We’re in the midst of our road trip. Unfortunately, I didn’t write anything ahead so I’ll just post once per week about our travels. We decided to drive on this trip because the flight tickets were quite expensive. We also heard about all the domestic flight problems and …
Happy Independence Day! Did you have a good month? June was a fun month for us. RB40Jr finished school and we went on a road trip to see friends and families. This road trip was put off twice due to Covid so we were all looking forward to it. We …
Whew! I finished our taxes and sent them in on time. Unfortunately, we owed the government over $3,000 because I didn’t pay enough estimated taxes. I also contributed $5,000 to my i401k for 2021. That reduced our tax liability a bit. Unfortunately, these big payments reduced our cash savings to …
Last week, I wrote a pessimistic post about the future – Are You Prepared for Cold War 2? I spent so much time talking about how things are worsening that I didn’t have time to talk about the investing part of it. Today, I’ll share how we can prosper in …
