Achieve Financial Freedom. Faster.
I have a passion for personal finance. And I enjoy watching NFL football games immensely. It’s great when I can write about both football and personal finance in the same post. There is a reason why I named this blog Sport of Money. I believe personal finance and sports have many things in common. To … Read more
Managing a family with 3 school age kids, a full-time professional job, 25+ rental units, an investment portfolio made up of mutual funds, stocks, private equity investments and fixed income, and enough time to watch NFL games leave very little time for reflection about my personal financial past. But for all you great readers out … Read more
What are the top New Year’s Resolutions for Americans in 2023? According to Statista Global Consumer Survey, to live a healthier life is the top of mind for Americans making New Year’s Resolutions in 2023. Excise more, eat healthier, and lose weight are the top 3 most common New Year’s resolutions. Physical and mental health … Read more
I strongly advocate having numerous revenue streams. Having a multi-legged cash flow stool can help protect against unfortunate financial situations. At the end of the day, I never want to be beholden to one person, one company, or the government to help make my mortgage payments or put food on the table. Over time, my … Read more
When I started my professional career over 20 years ago, hitting the 6-figure income per year level was a goal of many. People would say to themselves “I’ve made it if I can get a job that pays over $100,000 annually”. While that is still the goal for some, the 6-figure mark isn’t what it … Read more
It is currently a very challenging economic environment. The Federal Reserve Bank has increased the federal funds rate over the past 5 meetings. The market anticipates more fed funds rate increases ahead. This means there will be more pain. The trickle-down impact of rising fed fund rates is that the cost of borrowing becomes more … Read more
I grew up being a math geek. Maybe that is why I enjoy personal finance so much. I am a heavy user of excel. At one point or another, I kept track of all sorts of personal finance numbers ranging from my budget to net worth to retirement savings. One item I used to keep … Read more
We are all influenced by our environment. I believe one’s environment is a big factor in determining one’s financial success in life. Look no further for evidence of this than if you are fortunate to be in the United States of America, you have won life’s lottery ticket. It’s not surprising that the average income … Read more
I’m not sure if I’ve ever explained why I chose the name of Sport of Money for my blog on personal finance. I thought there were a lot of similarities between being successful in sports and in personal finance. I also thought there would be great lessons we can learn from sports that we can … Read more
Even in college, I knew I wanted to be financially independent one day and quit the corporate rat race. I never felt that my personality was a great fit for the corporate environment. Sure, I work hard at my job. I’ve worked hard since my days harking back to grade school. But I am an … Read more