Investing
What March Madness teaches us about beating the odds
The whole setup is a lot like the economic mobility in America. Our outcomes, much like the tournament brackets, are often determined by where we start.
Read MoreIt’s time to stop calling ourselves “recovering” perfectionists
History is about to hand over the keys to the kingdom with an unprecedented wealth transfer that is set to make women the richest demographic in the country.
But calling ourselves “recovering perfectionists” isn’t just a quirky label — it’s fundamentally harmful. Women won’t just inherit the money, we get the responsibility that comes with it. The ‘recovering’ label implies that we should suppress the very quality that could help us steward this upcoming windfall.
How to raise a “rich” kid
Our approach to teaching Beau about investing and financial literacy is very similar to my Dad’s approach to teaching me.
First, we make saving money normal. Beau has two investment accounts where we put his money to work for him. He doesn’t know all the details, but he knows money can grow if you let it, so we routinely invest 50% of any money he receives on his behalf.
Read MoreThe secret to loving your life is defining your “enough”
The pursuit of status and approval is a completely natural part of life and isn’t going anywhere, but the mirror effect highlights how using material wealth to do it leads to a never-ending cycle of comparison and competition. If you want to play the game and still have some money left over, you have to start with defining your “enough”.
Read MoreIs F.I.R.E really…a movement?
The FIRE community has similar levels of untapped potential, but we’ve spent the last few years arguing about what the acronym means and whether the FI or the RE matters more. This obsession with making either side a permanent state instead of a continuous journey stops us from seeing all the possibilities that lie in between. It also obscures the most important part: that we’re part of a movement.
Read MoreIs Making Money Grow for you?
we’re confident that after completing this class; you’ll have had multiple breakthroughs and you’ll have developed a plan that puts you on the right track before it’s too late.
Read MoreIt finally happened – we’re done with daycare!
At the beginning of the year, I wrote a list of milestones I was looking forward to the most. Number one was launching Cashing Out, and number two was eliminating our monthly childcare payment.
Read MoreIt’s time to revisit the stigma surrounding debt
According to a survey by The Harris Poll, only 52% of young
Americans can meet financial obligations without help from credit cards, student loans, or personal loans.
Money on The Table, Season 2 overview
Our plan was…to make people who wouldn’t typically click on financial content think twice about ignoring it.
Read MoreConversations with A Purple Life | Retiring at 30
her blog is beautiful, hilarious, cringeworthy, snarky and hauntingly familiar. It’s financial umami
Read MoreRevisiting our financial plan
There’s been a lot to consider recently…
Read More2019 in review
We don’t take it lightly how fortunate we are
Read MoreWhy financial rules of thumb are trash
a canned rule of thumb is almost always not the solution someone is looking for.
Read More2019 mid-year review
The first half of 2019 has been amazing!
Read MoreWhat we would tell the Morehouse class of 2019
Last weekend a wealthy black man broke the internet. Before we go any further, do you have any idea how much pride is beaming in those nine words? Honestly, these days anytime a black man goes viral it’s either because he’s said some crazy shit, did some crazy shit or had some crazy shit happen…
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