For over 20 years, I’ve been a tennis club member. Player levels range from beginner to ex-professionals. Everybody gets along and rallies around a sport they enjoy, no matter their level of wealth. But I just realized something odd. And the realization wouldn’t have come had I not become a father. After almost three years Read More... The post Where Are All The...
The high-yield corporate bond spread is an important stock market indicator. The larger the spread, the greater the concern high-yield corporate bond investors have about the stock market and vice versa. The high-yield corporate bond spread is the difference between the yield of the bonds issued by riskier companies and risk-free Treasury yields. The spread Read More... The post The High-Yield Corporate Bond...
Do you know what is really hard? Deciding to walk away from a whole lot of money in your prime. If you decide to retire early or take a lower-paying job out of joy, you must accept the death of your maximum money potential. Over the years, many readers looking to retire early or do Read More... The post Overcoming The Downer Of...
During a bear market, one of the things I like to do is embrace losing. The more you can embrace reality, the more you can accept reality. And the more you can accept reality, the easier you can move on with your life. Recently, I ended up losing ~$1 million in real estate. It was Read More... The post Losing $1 Million In...
Although going through another bear market is a bummer, the positive is we can all generate more passive income! And given we can now generate more passive income we can get that much closer to financial freedom. For investors, this bear market with its surging interest rates may very well be a gift. The key Read More... The post It’s Easier To Generate...
Since 2009, one of the things I have focused on is trying to help readers have a risk-appropriate asset allocation. A risk-appropriate investor invests according to their true risk tolerance. When you invest according to your true risk tolerance, you usually become a calmer, wealthier person. Over the long run, your investment asset allocation is Read More... The post How To Have A...
A recent experience made me realize the best time to own the nicest car you can afford is when you have children. The nicer the car, the safer the usually is. Although there’s a nice mental health benefit to driving an old beater, I’m willing to spend up as a father in my 40s with Read More... The post The Best Time To...
If you ever get disabled, your active income generating abilities may be in jeopardy. As a result, it’s wise to have disability insurance to cover you when you can no longer work. Bad things happen all the time. During the pandemic, my myopia got worse. Further, if I spend longer than an hour on my Read More... The post How To Get Disability...
Enjoy your life, no matter the economic situation. If you do, then you’ll always be winning. The key is to recognize reality and take appropriate action. If the Fed raises the Fed Funds rate to 4.5% and keeps it there while inflation and the stock market plummet, the world will be temporarily ruined. As the Read More... The post How To Enjoy Your...
Since 2012, I have tried really hard to stop playing the status game. After all, leaving my Director job in banking meant losing status. After my career was over, I turned down multiple TV show appearances, podcast interviews, and speaking gigs. To be able to just do my own thing felt incredibly freeing. I wrote Read More... The post When To Play The...
So you’re wondering what income level is considered rich. After all, if everybody makes $1,000,000 a year, are you considered rich if you make only $500,000 a year? Probably not! In other words, rich is relative and also subjective. When Obama was president, he considered single people making over $200,000 to be rich. He specifically Read More... The post What Income Level Is...
