Elon Musk was nearly broke in 2008, borrowing money from his homies to cover his rent. "About four months ago, I ran out of cash," he stated during his divorce proceedings. His brother Kimball confirmed his precarious position, "Oh yeah. [Heās] in debt. More...
Passive income is the Daenerys Targaryen of personal finance. It scorches the earth of our work-centric society giving birth to freedom, pleasure and financial independence. It anchors so many calculations, such as the never-ending quest find your tipping point, or your "Number." The allure of The...
Don't miss the follow-up post on the Portfolio Approach to Passive Income. The most satisfying part of Microsoft Excel is the F9 key. It ignites (some might say, "refreshes") any complex financial model; with a single tap, it can tie together tabs, inputs and conditional IF...
The day my daughter was born was the day I stopped saving for her college education. Yup, you read that right. She wasn't even a day old and under some conservative assumptions, her 529 College Savings Plan was fully funded. I started investing in this...
There's no playbook for coming up with business ideas. You could identify your own pain points to see first-hand what products could be improved. You could spot an injustice in the world and commit to its eradication. You could back into seams of opportunity using...
12/15 Update: Robinhood said on their blog that theyĀ "plan to work closely with regulators as we prepare to launch our cash management program, and weāre revamping our marketing materials, including the name." 12/14 Update: SIPC CEO and president Stephen HarbeckĀ told Bloomberg "I disagree with the statement...
Money doesn't grow on trees. And it also doesn't grow in savings accounts at brick-and-mortar banks like Chase, Wells Fargo, and Bank of America. In fact (as of this writing) the average interest rate across all US based savings accounts is a paltry 0.09%. Yet,...
We're surrounded by scarcity. The day starts with "I didn't sleep enough." Then the rush to get the kids fed and out the door is accompanied by the nagging feeling that as parents we're "not present enough." Next, a commute skimming articles on our phones and...
This post originally appeared as an Instagram story. Overpriced avocado toast and retiring by age thirty are two incongruous ideas. Yet, bothĀ movementsĀ have been birthed by wily Millennials, always looking to disrupt things, like retirement. And while the avocados are a tired trope, not a week goes...
This is part 2 of the Rent vs. own series and check out RadReader comments. The 90s electronic act called KLF (of 3 AM fame) once pulled a publicity stunt that went awry. Having only tasted modest success, they burned a million British pounds declaring that...