An article on July 13th by Shawn Langlois of MarketWatch shares the story of a Reddit discussion where an anonymous man posted his household monthly budget, and how they are struggling to get by on a $500k annual household income. One more thing, … [Read more...] about Scraping by on a $500k Income
Personal Finance
Tracking Your Budget
Tracking your monthly expenses will not always result in saving money, but it will give you a good understanding of where the money is going, and if there are areas you can cut back on. … [Read more...] about Tracking Your Budget
Wolves Dressed as Sheep
"Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves." Matthew 7:15 Victor Lustig sold the Eiffel Tower in 1925 for scrap metal. You read that correctly. Lustig invited a small group of scrap … [Read more...] about Wolves Dressed as Sheep
Money Value of Time
"Investments have risks, they have returns, and they have costs. Everything else is marketing" -Rick Ferri Warren Buffett is currently 87 years old and has a net worth of approximately $73 billion. Let's say you poll 10,000 American thirty year … [Read more...] about Money Value of Time
Ten Financial Mistakes to Avoid
There are not many secrets to financial success. Shortcuts to wealth may seem to present themselves at times and can be very tempting, but sometimes have quite the opposite effect than we desire. Being an avid reader of finance books, columns, and … [Read more...] about Ten Financial Mistakes to Avoid