Experts & Speculators

Be cautious of anyone claiming they know exactly what will happen.

When bitcoin hit $20,000, there were “experts” claiming the rise would continue.

When stocks stumble, “experts” claim you should immediately sell.

When the Federal Reserve moves interest rates, “experts” claim it will upend the economy.

If these “experts” actually believe what they’re saying…

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Money Secrets

If you’re whispering under your breath about your spouse’s spending, something is wrong.

If you’re afraid to talk to your spouse about a your growing credit card debt, something is wrong.

If you don’t know, generally, how much your spouse makes in a year, something is wrong.

If you don’t know, generally, how much your spouse spends in a year, something is wrong.

If you don’t explain your money qualms…

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Beating Your Neighbor

Want to do at least as well as your neighbor?

It’s not a riddle, a secret or even that difficult:

15% of your income + broad based index funds = Market Returns

If you stick with that formula when investing then, overtime, your money will grow faster than inflation. And if your neighbor does the same, then your money will grow in lock step with his.

If you want to outperform your neighbor…

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My Money Regrets

Why didn’t I invest more in my 20s, when the impact of compounding would have been even greater than it already will?

Why didn’t I ensure I earned the company match in my first 401k, losing out on the free money?

Why didn’t I look towards homeownership earlier since it’s one of the best buys of my life?

Why didn’t I read more, beyond the basics of finances, as my professional career began?

Why didn’t I diligently budget when I…

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The Optimal Financial Performance

The textbook says to stock 15% away each paycheck into a tax-advantaged account, and over 40 years you will have enough saved for retirement.

People save far more than 15%, though, trying to reach retirement in a decade or less.

What’s the optimal choice for you?

The textbook says buy a house that’s under 30% of your income.

Others buy houses that are 20% or less than their income.

What’s the optimal choice for you?

The textbook says that people, on average, spend $3,000…

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Passive Income Streams

The term ‘passive income’ is a misnomer.

When heard, it sounds like it takes just a small investment to produce results:

 Small Investment = Profits

Passive implies that you must exert very little effort to create cash flow.

Often, though, the formula for passive income streams look more like this…

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Sharing With Your Significant Other

If you can’t discuss your financials with your significant other (SO), ask yourself why.

Does it have to do with how your parents viewed money, never discussing it? That’s a shame; don’t be like them. Break the cycle and discuss it with your SO.

Does it have to do with fear you will disappoint her? If she really loves you, then there’s no reason you can’t share your financial truth. Break the cycle and discuss it with your SO.

Are you afraid of what he might think…

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