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The Power of Perspective and its Impact on your Wealth
Let’s talk about learning and understanding perspective. Every time I’m interviewed about how my wife and I became first-generation millionaires, I’m at a loss for words and why. We aren’t super talented, or “exceptionally smart.” Neither of us has a unique skill set, if you don’t count my wife’s streak of hyper-competitiveness with games. Though we lack, what we do have is Perspective, in abundance. Britannica defines “Perspective” as a way of thinking about and understanding. It could be a particular issue, but for me, it’s more about the angle at which you see life. You can take identical twins, place them in a room filled with 10 people, and…
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Still Not Debt Free but We are Pushing Toward a $1.5 Million Net Worth
Hooray we all made it through May and the Pandemic. Just six months left to reach your Financial Goals.
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How Carrying High Debt Costs You $500,000 for a Lifetime
American households are robbing their future by carrying high debt. How much consumer debt are we talking about? As of May 2024, the average household debt rose to $104,215. This includes mortgage balances, auto loans, student loans, personal loans, credit card debt, etc. According to Experian, the US average total debt balance in 2023 was $103,358. This amount is up over 3 percent from 2022. Younger Americans carry nearly $7,500 of revolving credit card debt month-to-month at more than 27.99 percent APY. At this rate, it should be criminal. Making minimum payments would take more than 311 months ( nearly 26 years) and $12,580 in interest to repay. That’s a…
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How to Minimize your Federal Taxes to Maximize your Wealth. I saw this on Social Media Regarding Taxes…
As the title suggests, I saw this social media post regarding taxes. While it wasn’t the worst thing that I had ever seen, it wasn’t good or better yet not accurate. Most Americans have no idea how the US tax system works. From tax brackets, exemptions, adjustments, etc; the system seems intentionally convoluted. Maybe that’s why a lot of people love to truncate the information into negligent but bit-sized elements. Don’t worry you will not get the tax book here, just a general understanding of why it’s better to cut down your taxes to improve your wealth velocity. What Social Media Says about Federal Taxes From casual financial education negligence…
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How to Maximize Your 401k Contributions. My 10-year Gains Exceeded $150,000, on Track to Reach Over $1 Million
If you told me back in 2014 that I would be able to reach even $1 million in investments, I would have likely dismissed it. Social media is filled with misinformation about 401ks, the proof is way more impressive.
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Real Estate versus Stocks: Which Was the Better Pandemic Investment?
Ever wonder what your best move should have been? Between Real Estate versus Stocks which was the better Pandemic Investment?
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When is the Best Time to Invest? Might be in May.
Hooray we all made it through May with flying colors on the road to $1M investment portfolio. Just six months left to reach your Financial Goals.
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Here are the Top Three SECURE 2.0 Act starting 2025
If you are over the age of 40, you will need more than $2.5 million for retirement. The SECURE Act 2.0 aims to help you build more wealth.
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How to Improve and Excel in Your Financial Spring Cleaning Monthly
We might have missed the recession, there is still, no better time for a financial spring cleaning. Every April is a great excuse to improve your personal finances.
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The ‘Millennial Dream’ of a Condo, EV, Farmer’s Market, and Travel Now Costs $6.8 Million
From EVs, expensive homes, farmers' markets, and travel; our 'Millennial Dream' is expensive. We will need nearly $7 million.
