Maxing Custodial Contributions Turns Son Into Future Millionaire
By far the most rewarding part about creating my own path in life is the ability to max out the annual contribution to my son's custodial account. By the time he inherits the account, he will be a millionaire thanks to the miracle of compounding growth. My dream was always to provide the best possible life for my son. To set him up for success, and give him a financial head start. I am blessed to be fulfilling that dream as a result of the work I am doing every day.
Early Withdrawal Taxed on Interest You Never Received
A real gotcha: Someone withdrew money early from a NatWest fixed-term savings account. NatWest applied an early closure charge of 90 days interest. So they didn't receive 90 days-worth of interest. But they were still taxed on it! Whose fault? And...
Investors Weigh Crypto Allocation: Institutional vs Individual
ASSET ALLOCATION Q: #Bitcoin (and/or other crypto currencies) - do you allocate to it? (also, are you institutional or individual investor)
Consistent SIP Beats Higher Returns Over Time
₹1L SIP ~ ₹22.6 Cr ₹1.25L SIP ~ ₹28.3 Cr ₹1.5L SIP ~ ₹33.9 Cr ₹1.75L SIP ~ ₹39.6 Cr ₹2L SIP ~ ₹45.2 Cr ₹2.25L SIP ~ ₹50.9 Cr ₹2.5L SIP ~ ₹56.5 Cr Assuming 10% return for 30 years. Same market. Lower return. Still massive wealth. Lesson: Return matters…...
Diversify Wealth Globally, Don’t Overinvest in Local Real Estate
It’s a good argument not to put too much wealth into local real estate, and instead to think more global, more mobile.
Invest Your Salary, Retire Early with Passive Gains
Last year, my portfolio made me more money than my old job at Deloitte. I worked 55 billable hours during busy season vs just buying ETFs like $VTI and waiting for the same $$$ gain Turn your active income into investments so...
Wealth Preservation Is a Teach‑able Skill, Not Luck
Most people who come into a lot of money lose it. Not because they are careless, but because nobody taught them how to keep it. Wealthy families spend generations passing down how to preserve and grow wealth. You do not...
Trade Inside a Roth for Tax‑Free Gains
*Not Tax Advice* But if you are truly that good at trading - look into doing it inside a Roth.
Moving States Can Slash $24k From $250k Salary
A $250k salary is worth: $180k after tax in Texas $173k after tax in Arizona $167k after tax in Illinois $162k after tax in New York $156k after tax in California A $500 U-Haul can save you $24k on taxes.
Break the Paycheck-to-Paycheck Cycle, Start Small Steps
If you’re tired of working just to make more payments, and tired of wondering why it's so hard to get ahead... start HERE and take things one step at a time.
Simplicity Keeps Your Retirement Savings Goal on Track
Keeping it simple is the best way to keep your retirement-savings goal on track. https://t.co/U0en039ICj
Diversifiers Shine as Equities and Bonds Re‑correlate
With equities and bonds positively correlated again (a déjà vu to 2022), it’s good to see that the group of diversifiers that I have in my hypothetical 60/20/20 model have been doing their job. The chart below shows the “crawling”...
7 Apps That Built My 6‑Figure Portfolio
I’ve probably tested 100+ investing apps and websites over the years. Most are useless. But 7 of them actually helped me build a 6-figure portfolio in my 20s. Dropping the full breakdown video at 4:30pm CT today for YouTube subscribers.
Check Your Portfolio Against Your Sleeping Point
How often do you inventory your investments to get a good idea of how invested you are, in what, your net, exposure to specific risks etc? I did this last week & found I was a bit more invested than my...
One in Four Workers Lose Free 401k Match
Shocking stat: 1 in 4 workers miss out on the full 401k match by not contributing enough. That’s literally free money lost forever. Sign up for the full match and figure out how to live on the rest
