Achieve Financial Freedom. Faster.
I recently came across an article on the Moneyist section of Marketwatch. The Moneyist section is similar to a Dear Abby piece where the person behind The Moneyist answers personal finance questions sent in from readers. This question happens to come from a 26 year old who makes $105,000 a year. The questioner feels very … Read more
I believe in a very simple equation for wealth creation and accumulation: Earn ASAP + Save ASAP + Invest ASAP = Great Wealth It’s pretty much self-explanatory – but just in case you need a quick refresher: Earn is to make money. Save is to not spend the money earned. Invest is to put the … Read more
Andrew Carnegie, who became the richest American back in 1901 when he sold his company US Steel, said “90% of all millionaires become so through owning real estate.” Now I didn’t fact check his quote but I agree with his sentiment around real estate. Anyone following this blog knows that I am a big fan … Read more
The first online interview I have ever done since starting this blog was for Financially Alert. Financially Alert is a personal finance blog started by Michael Quan, who reached financial independence in his mid-30’s. He left the traditional 9 to 5 workforce and began focusing on what really matters to him – becoming a better … Read more
I’m a big fan of real estate. There are reasons why the word “real” is the first word in real estate. It is something tangible we can all see, feel, and, more importantly, use. Can you envision a world where we don’t need a property to provide a roof over our heads and a home … Read more
I feel a rant coming. I hope you can understand and forgive. It’s been over 2 months of shelter-in-place order (or stay-at-home as NY Governor Cuomo likes to call it) due to COVID-19. I hesitate to go out shopping or even to go out. I love to travel but I have to cancel all my … Read more
I believe anyone can be wealthy in America. In my opinion, this is still the greatest land of opportunity. I’ve been fortunate enough in the past 20 years to go from zero to over $10 million in net worth, even when living and working in an expensive city such as New York City. People talk … Read more
The most visited post in my entire website is this one I’ve written close to 1 year ago regarding how much income it takes to live an upper middle class and upper class lifestyle in New York City. Not surprisingly, the answer is it takes a lot to be in the upper middle class and … Read more
We are currently living in some uncertain and challenging time. COVID-19 has unleashed a tsunami of health worries and economic pain on this world. Over the past 2 decades, I’ve experienced a few economically challenging times. Early on when I started my professional career, I dealt with the bursting of the internet bubble and, shortly … Read more
The Stock Market Drop The U.S. equity markets have made quite a nice rebound. The equity market started reflecting in earnest the health and economic effect of Covid-19 on the US. Within the span of 1 month, the market went into a nose dive. The S&P 500 went from a high of 3,386 on February … Read more