Why I Like Covered Calls

Investing can be simple, or it can be quite complex. For most people, simplicity is the best choice. Just invest in a total market or S&P 500 index fund, and you'll be good to go (check out The Simple Way To Become A Millionaire). This allows you to take advantage of compounding in the stock … Continue reading Why I Like Covered Calls

The Simple Way To Become A Millionaire

Everyone wants to be a millionaire, but no one wants to work for it. Here's the good news: you don't have to! There's a simple way to become a millionaire with almost no extra work. It only takes three steps. Step 1: Save No matter what income you make, save a portion of it every … Continue reading The Simple Way To Become A Millionaire

Evaluating Our Own Financial Habits: Do We Follow Our Own Advice?

Many of our articles discuss the best ways to manage your finances, but just because you know what you should do doesn't mean you actually do it. Do as I say, not as I do. In this article, I assess whether our own financial habits match up with experts' advice. Photo by cottonbro on Pexels.com … Continue reading Evaluating Our Own Financial Habits: Do We Follow Our Own Advice?

Top 6 Ways To Use Your Stimulus Check In Order Of Priority

My wife and I recently received our stimulus check. For anyone who doesn't already know, the amount this time is $1,400 for an individual earning up to $75,000 and $2,800 for a married couple earning up to $150,000. You also get $1,400 for each dependent. This was the largest of the stimulus payments we have … Continue reading Top 6 Ways To Use Your Stimulus Check In Order Of Priority

Despite Earning Below Average Income, We Saved 30% Last Year. Here’s How

2020 was a good year for us savings-wise. We managed to save 30% of our income, which is significantly better than the national average for 2020 of 16%. This is even more impressive considering our income is rather mediocre. According to the 2019 Consumer Expenditure Survey by the U.S. Bureau of Labor Statistics, the average … Continue reading Despite Earning Below Average Income, We Saved 30% Last Year. Here’s How

How Do Average Americans Spend Their Paychecks?

According to a joint survey by the Association of Young Americans and AARP, 55% of Americans spend equal to or more than they earn, which means that more than half of Americans are not able to save any money at all on a regular basis. But where does this money go? What are the common … Continue reading How Do Average Americans Spend Their Paychecks?

Can You Be A Millionaire By 40 With Just An Average Salary?

I recently saw an ad on Facebook that was something to the effect of "How to be a millionaire by age 40." When I clicked to read the article, the advice given was basically to get a really high paying job at a very young age and start investing right away. While this would certainly … Continue reading Can You Be A Millionaire By 40 With Just An Average Salary?

What Is Inflation And Why Should You Care?

When I wrote a recent article about emotional investing and optimal investing strategies, I did not take inflation into account, as I was following the methodology of the Seeking Alpha article called The Shocking Returns Of The Investor Who Only Bought At Market Tops. However, the more I thought about the setup, the more unrealistic … Continue reading What Is Inflation And Why Should You Care?

How Much Does It Cost To Raise A 1-Year-Old?

When you're thinking about having children, a common question is how much it will cost to raise a child. Now that my son is almost 2, I can share how much we have spent on him this last year. Hopefully this will provide some guidance for anyone curious about the extra expenses of raising a … Continue reading How Much Does It Cost To Raise A 1-Year-Old?