As an investor, understanding financial ratios is important to help assess the current state of a company. For example, we have P/E ratios, debt/equity ratios, EV/EBITDA ratios, interest coverage ratios, and so many more. We then compare each ratio to another company's financial ratio to make a more informed investment decision. As someone who worked […] The post The Most Important Personal Finance...
A large part of building wealth involves delaying gratification. Therefore, you might find yourself wondering whether to buy your dream home now or wait for a better price. But what if you wait too long and your dream home disappears forever? You might end up kicking yourself later for trying to save money when you […] The post Buy The Perfect Dream Home...
If you bought a home during a high-interest rate environment, it's wise to prepare for either a mortgage refinance or a recast. Interest rates have been gradually coming down since their highs of 2022, and I suspect millions of existing homeowners will eventually be able to reduce their monthly mortgage payments. After writing my post […] The post Letting An ARM Reset Is...
Since 2003, I've been climbing up the property ladder to find the perfect house in a big city. What I've realized is that there's no such thing as the perfect house. There's a good-enough house or an almost-perfect house, but there's always at least one or two things missing to make a house ideal. Additionally, […] The post The Perfect House To Raise...
If you want career, financial, and social success, don't beat up your opponents too badly while smiling if you know what's good for you. This advice might sound odd, but not adhering to it can have tremendous negative consequences. Anyone who has ever jet-skied knows it's impossible not to smile while riding the waves. Well, […] The post Don’t Beat Up Your Opponents...
During my days of purchasing homes with mortgages, I had a fondness for adjustable-rate mortgages (ARMs). The appeal lay in securing a lower interest rate compared to a 30-year fixed-rate mortgage. Further, it's better to align the fixed-rate duration with my planned homeownership tenure. With the average duration of homeownership being approximately 12 years, opting […] The post No Rush To Pay Off...
When my son was born in April 2017, I promised to become a full-time father until he turned five. I was so serious about this commitment that I sold our largest rental property to free up time. This property was supposed to be our crown jewel for my wife and my retirement plans. However, something […] The post From Full-Time To Part-Time Fatherhood:...
One of the most common pushbacks I get from some of my investing and economy-related articles is that the stock market isn't the economy. To conflate the two would be a mistake. I agree since not everybody owns stocks. Therefore, not everybody will benefit from rising stock prices. As an example, here's a comment I […] The post The Stock Market Is Absolutely...
Wondering how much to spend on vacation while being fiscally responsible and still having a good time? In this post, I offer a vacation spending guide to help you manage your spending responsibly without compromising on fun. I came up with this guide because I'm not sure people realize the true cost of their vacations […] The post A Vacation Spending Guide: The...
Have you ever feared running out of money? I have. This fear is why there's a phenomenon called the “one more year syndrome,” where workers keep working to save more, even though they've run the numbers and know they have more than enough to live comfortably in retirement. Yet, 10 years later, they are still […] The post You Will Never Run Out...
For over a decade, I've been witnessing a phenomenon that has left me scratching my head. A commenter will say how the economy is suffering and people are experiencing financial hardship. Then, when I ask them about their personal hardships, they say they're doing great. This disconnect has been repeated over and over until I […] The post The Financial Doom And Gloom...
