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Demystifying the Magic of Financial Freedom

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Archives for December 2020

Don’t be afraid! Building wealth is just like a terrifying airplane ride.

December 30, 2020 By The Money Wizard 22 Comments

building wealth airplane ride

Do you remember your first time on an airplane? I still remember my first flight. My family was headed from Texas to Phoenix for a family reunion. Good vibes, good times, and this 8 year old’s very first airplane trip. What struck me the most about my first flight? The violence. Or should I say, […]

Filed Under: Saving Money

VENMO SCAM ALERT: What to do if you “accidentally” get sent $1,000 from a stranger.

December 22, 2020 By The Money Wizard 4 Comments

venmo scam money from stranger

A few weeks ago, I was sitting around minding my own business when… CHA CHING! $1,000 fell into my lap. Normally I love that “cha-ching” sound effect Venmo makes, but in this case, it might as well have been an alarm bell on a Venmo scam. I had no idea who this person was, or […]

Filed Under: Money Hacks

This Chart Will Tell You How Much Every $1 You Invest Will Be Worth by Age 60

December 17, 2020 By The Money Wizard 12 Comments

$1 in the future chart - featured

When I first started investing money, one of the most exciting ideas was the concept that every dollar I saved could be worth so much more money in the future. But exactly how much more? I thought it’d be fun to find out. For some #ThursdayMotivation (is that a thing?) I ran some calculations to […]

Filed Under: Investing

Net Worth Update: November 2020 (Almost 13%!)

December 9, 2020 By The Money Wizard 12 Comments

november 2020 net worth update

Hey Money Wizards! Welcome to the second to last net worth update of 2020. Regular readers know that every month, I share my progress towards a roughly $1 million portfolio and (hopefully!) an early exit from the working world. I’m currently 30 and hoping to retire by age 35, so let’s check it out! Life […]

Filed Under: Net Worth

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I'm the Money Wizard, a 20-something who started this blog after I saved $100,000 by age 25. Now, I'm sharing everything on my journey towards early retirement in my 30s.
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Latest Net Worth

I track my net worth and spending every month, and I share all the details (even when they're not pretty) here:

Current Net Worth: $588,800

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