Read through the monthly Net Worth Updates and you’ll see one question pop up again and again. Where is your home equity? Put another way, Why don’t you include the value of your house in your net worth updates? For years, my standard answer to that question has been “because I don’t own a house!” […]
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Net Worth Update: June 2021 (Keep on the grind!)
Well folks, we’re officially halfway done with 2021. If you met that sentence with a “WTF?” and a double check of the calendar, then I’m glad you and I are on the same page. So, now’s probably a good time to check on the latest portfolio progress. If you’re new here, every month I track […]
Prime Day Is Here (The best way to save money)
Winter is coming… Ooops, retake… Prime day is coming… Still not right? Prime Day is here. It’s that lovely time of year when people who pay $119 per year for the privilege of spending their money at the world’s largest business unlock special discounts for spending more money. Thank goodness Amazon is online. If they […]
Reader Mailbag 7: HSAs, book recommendations, HUGE leverage, and more!
*Disclaimer #2: I am not a professional, and MyMoneyWizard.com is an opinion-based blog. Nothing on this website should be considered financial advice. Hey all! Welcome back to the first reader mailbag in a while! This series has proven even more popular than I expected. Allow me to illustrate with a visual representation of me opening […]
Net Worth Update: May 2021 (Heating up…)
Hey, welcome! Every month I track my progress to my goal of about $1 million in net worth, which I’m hoping will allow me to take an early retirement from my white collar office job. I’m currently 31 and hoping to retire within the next 4 years. (That’s coming up fast!) Read on for the […]