In March 2019, Suze Orman made the ridiculous claim that she has never bought a cup of coffee. “I wouldn’t buy a cup of coffee anywhere, ever — and I can afford it — because I would not insult myself by wasting money that way,”Suze Orman, CNBC Of course you can afford a cup of coffee, Suze. You already own a private jet and private island, what's a cup of coffee in the … [Read more...] about Suze Orman’s Coffee Story Shows Why Personal Finance Gurus Should Be Ignored
Personal Finance
Five Personal Finance Tips That Actually Work
The personal finance industry is filled with sound bites and one-liners that sound good without making an impact. Below are five pragmatic personal finance hacks that will move the needle. These aren't easy, but if they were, everyone would be rich. Photo by Suzanne D. Williams on Unsplash Live Below Your Means Once you make a certain amount of money, there is … [Read more...] about Five Personal Finance Tips That Actually Work
Why You Should Not Keep a Budget
With all of my writings about living frugally and maximizing your hierarchy of savings, you might be shocked that I'm completely against keeping a budget. Here's the deal, I have never kept a budget. Not only are they a waste of time, but they can actually deceive you and cause you to spend more money. Aside from causing you to spend more money, managing a budget … [Read more...] about Why You Should Not Keep a Budget
How to Make Money During the Next Bear Market
Bear markets can be a nightmare for investors, and can be an incredible opportunity to build your wealth. As long as you have the right mindset, you can make an incredible amount of money during the next bear market. Bear markets occur when stock prices go down by 20% over at least 2 months. Imagine your net worth dropping by 20% tomorrow, and you can see why investors worry … [Read more...] about How to Make Money During the Next Bear Market
The Benefits of a High Cost of Living
My San Francisco rent always shocks my family in Wisconsin. Why would I live there, when I could afford a $600k house in Wisconsin for the same monthly payments? Do the benefits of a high cost of living city outweigh the cons by that much? After living in San Francisco and three other high cost of living cities for the past 10+ years, I can emphatically say that the benefits … [Read more...] about The Benefits of a High Cost of Living