Data from the Federal Reserve reveals the relationship between income and wealth. Conditioned on having the necessary income, frugality then plays its role.
Know Your Edge
Your success comes from leveraging your edge. We should all know what’s our edge.
From Two Jobs to One, a Second Childhood Begins
Going from two jobs to one, from an employee to self-employed, starts a new journey of a second childhood.
Why Work For Someone Else When You Can Have Your Own Business
You can be more financially successful by working for someone else than having your own business.
The Biggest Rock In Financial Success
The biggest rock in person finance is larger than everything else combined. Don’t get distracted and take your eyes off the ball.
Opportunity Cost and The Concept of Enough
“Enough” is too loose to be useful. It can moved up or down depending on the opportunity cost.
Deathbed Regret And The Puritan Work Ethic
Many dying said they wished they didn’t work so hard. It contradicts with the Puritan work ethic. Who’s right?
Unlimited Vacation Encourages Taking More Time Off
Make sure you take enough number of days off when your company has an unlimited vacation policy.
The Millionaire Next Door Misinterpreted
Many people misinterpreted The Millionaire Next Door book. The book didn’t say what people think it said.
Non-Financial Aspects of Going From Two Paychecks To One
What are the non-financial aspects when one spouse no longer earns an income?
From Aggressive Saving To Living Paycheck To Paycheck
Ramping down savings rate is a challenge too.
Get Overpaid For What You Do
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 […]