Sunday, March 26, 2017

How I became a millionaire & things I learned along the way

My net worth from 2002 through 2017
Something remarkable happened to me on January 24, 2017. When I looked at my assets, like my bank balance, my condo, my investments, and subtracted my liabilities, like my student loans and mortgage, my net worth came out to $1,000,378.46. I was officially a millionaire at 33 years old.

I first started tracking my net worth in 2002 during my freshman year at the University of Michigan. At the time, my net worth was only $5,279.59! I was very proud of having close to $6K to my name. Little did I know that 15 years later this number would be 200 times greater. With $6K, I could buy just about anything I needed (I wasn’t even thinking about a car or a house at the time!). I kept the money in a checking account that was paying a stingy 1.5% or so. Sadly, this rate wasn’t even enough to cover inflation!

Saturday, February 25, 2017

Invest $81K per year -- with much of it sheltered from taxes

Find out how to invest $81K a year, with much of it sheltered from taxes
When I first started working, I knew about my company’s 401K and I also took advantage of a Roth IRA, but beyond that I didn’t do much else. Little did I know, the government offers many generous ways to save and invest money in a way that minimizes your tax bill. 

Thursday, November 26, 2015

Worst investing advice ever!

The top ten worst investing advice ever.
The top ten worst investing advice ever.
These days, everyone is an investor and thinks they know more than a thing or two about the market. There isn’t a class you can take in school on how to appropriately manage your finances or clear guidance on when to invest in a 401k, SMA, IRA, CD, ETF, IPO or use a CPA.

It feels at times like you need an adviser for your financial adviser! Because of all this confusion around the acronyms of investing, there has been an embarrassing amount of misguided investment guidance to try to simplify investing to the everyday man.

Wednesday, November 18, 2015

The Perpetual Money Generator

Perpetual Money Generator Machine
The perpetual money generator in action
What if I told you that there exists a machine that could generate never-ending wealth? Even as you grow older, this machine would continue spitting out more and more money. You could go on vacations, buy groceries, shop for new outfits, yet you’d still have enough money that you would never need to devote a moment worrying about these purchases. Most importantly, you would never need to worry about running out of money again. Talk about some peace of mind!

Sunday, November 15, 2015

Former military homes at Fort Lawton in Seattle’s Discovery Park stand to net developer over $10 million profit

Home in Montana Circle
In February 2015, the US Navy and a subsidiary of Cleveland-based Forest City Enterprises sold the historic homes at Fort Lawton for $10.5 million to Rise Properties Trust, a Canadian based firm that invests in Seattle area real estate.