What’s the magic moment when compound interest goes crazy? And why does it happen? When I was writing the recent article about my teenage stock market investments, I think I found the answer. It’s all about turning your portfolio into a money printing machine. Warren Buffett does this. I (accidentally) did it. And you can […]
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Net Worth Update: December 2020 (Good riddance 2020!)
Welcome to the LAST net worth update of 2020. See ya later, 2020! Don’t let the door hit you on the way out! For newer readers, every month I track my progress to a nearly $1 million net worth and an early exit from the working world. I’m currently 30 hoping to retire by age […]
Don’t be afraid! Building wealth is just like a terrifying 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, […]
VENMO SCAM ALERT: What to do if you “accidentally” get sent $1,000 from a 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 […]
This Chart Will Tell You How Much Every $1 You Invest Will Be Worth by Age 60
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 […]