Couple Retires By Mid-30s
What’s your definition of “early” retirement? Sixty? Fifty-two? A California couple recently retired in their mid-30s with $1 million in the bank, according to a story in Forbes magazine. That remarkable accomplishment would be difficult for most of us to replicate. I know I couldn’t do it — not with four kids! The couple, Travis […]
8 Secrets of Millionaires That Might Surprise You
“Dad, how do people become millionaires?” It’s a question I’ve gotten many times from my kids. I typically listen to financial talk radio while I’m driving, and “millionaire” or “billionaire” verbiage gets thrown around on a daily basis. Naturally, as kids grow up, they begin to learn about money, and their curiosity turns to the […]
Robo Advisor vs. Digital Advisor
The robo-advisor: not since John Bogle came up with the idea for Vanguard in 1975 has a new development in the investment industry caused so much controversy and turmoil. I can appreciate Wealthfront CEO’s position on his new robo competition from Charles Schwab. There are already dozens of media stories that detail the debate. I […]
One Secret To Retiring Sooner
As people have really dug into my new book over the last few months, You Can Retire Sooner Than You Think: The Five Money Secrets of the Happiest Retirees, I’ve had a common question come back to me: “Given the fact that people are already living longer, requiring a longer draw-down period from their nest […]
Why Time Equals Money, But Money May Not Equal Time
I was scrolling through Psychology Today recently when I came upon a post originally by Anne Johnston discussing the relationship between time and money. It began by noting Ben Franklin’s timeless quote from 1748, “Time is money.” She went on to say, though, that while time might equal money, money does not equal time. This […]
How To Double Your Money
Everyone says you should invest because it’ll help to grow your money, but let’s back this up a second and look at how it really works. Investing in the stock market yields various returns, and any investor, professional or not, will tell you that the future is never guaranteed. That’s why it’s best to invest […]
How To Make The Forbes 400
On another fateful car ride to my son’s elementary school, we were listening to Bloomberg Radio, and they started discussing the Forbes list of The Richest Americans. My son asked me, “How did Bill Gates get so rich?” I told him that Gates had started a company in his garage that grew and grew until […]
Restaurants, Gas Prices Help Ease Unemployment
Have you ever worked in a restaurant? You’re in good company – almost 50 percent of Americans have worked in the restaurant industry at some point in their lives. In 2014, there were around 13.1 million Americans working in the restaurant industry according to restaurant.org, and that number is expected to increase 9.8 percent to […]
The Truth About Diamond Rings
These days with social media pictures everywhere, there’s more pressure than ever to buy the perfect diamond ring for your future fiancée. Did you know, though, that diamond rings have only been an engagement staple since the 1930’s? While engagement and wedding rings have been around for much longer, it was only when De Beers […]