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How to Revise Your Financial Game Plan Post Multi-Millionaire Status
The only thing that changes in a good financial plan is perpetual change. In August 2023, my household hit a net worth of $1,000,000. We were officially millionaires in an era when we were told it was impossible for people like us. My wife, in her infinite wisdom, said, “We aren’t millionaires until we both have a million.” While that didn’t mathematically make sense in any realm of accounting, I figured it might be best to push for the $2 million target. On July 19, 2025, my wife and I reached our latest milestone of $1,900,000 in net worth. We are now just $100,000 away from $2 million. While my…
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Debt is not Bad. Being #Debt Free is not FIRE, Invest More!
In this episode, Lovely and Lawrence talk about the growth of the #DebtFreedomJourney and how it's not always as great as it seems. Popularized by Dave Ramsey in the 2000s, Debt Freedom and #FinancialPeaceUniversity have been re-positioned as an emotional argument when in truth, money management is at the intersection of arithmetics and critical thinking. For example, local bank savings account is still going for 0.01%. An investment of $10,000 in 2021 would have yielded $1. In contrast, an investment of $10,000 in Bank of America $BAC would have yielded $14,881. An investment in JP Morgan Chase $JPM of $10,000 would now be worth $12,811. An investment in American Express…
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How Others Get to Retire Rich. You’ll Need $1.7 Million by the way.
So just Retire Rich? That sounds easy enough. Still not rich yet? Well, Summer is in full swing and you are just about to travel. Tuesday is indeed the cheapest day to fly. Or you are catching up on Stranger Things 3. Too late, this article just popped up on your notifications and you dodged it. You grab a Starbucks and mistakenly logged back into Facebook; it’s too late again. You read the headline. You’re welcome. Sorry to burst your Instagram travel life bubble, but this is the reality. Stop being aimlessly busy flexing. The more you spend now, the more you will regret it in the future. It’s true that you don’t want…
