Data from the Federal Reserve reveals the relationship between income and wealth. Conditioned on having the necessary income, frugality then plays its role.
Your success comes from leveraging your edge. We should all know what’s our edge.
Going from two jobs to one, from an employee to self-employed, starts a new journey of a second childhood.
You can be more financially successful by working for someone else than having your own business.
The biggest rock in person finance is larger than everything else combined. Don’t get distracted and take your eyes off the ball.
“Enough” is too loose to be useful. It can moved up or down depending on the opportunity cost.
Many dying said they wished they didn’t work so hard. It contradicts with the Puritan work ethic. Who’s right?
Make sure you take enough number of days off when your company has an unlimited vacation policy.
Many people misinterpreted The Millionaire Next Door book. The book didn’t say what people think it said.
What are the non-financial aspects when one spouse no longer earns an income?
Ramping down savings rate is a challenge too.
I mentioned my Asset Rich Income Poor strategy in passing in a Friday roundup a few weeks ago. I’ve been formulating it for some time now. I gave an outline to reader Harry in the comments. Now it’s time to put it in the open. Step one in the strategy is: get overpaid for what […]