It’s easy to think that the rich life is the happier life, but it’s sometimes easier to be happy on a low income. Fact of the matter is, opulence can be an impediment to happiness. For instance, my friends still talk about a certain buffet...
The 50-20-30 budget is one of the most popular budgets according to personal finance “experts.” In it, you spend 50% on needs, 20% on savings/debt reduction and 30% on “wants.” This is a terrible plan for almost every income and lifestyle. The 50-30-20 budget is...
The savings rate for middle-class Americans is low. The rate jumped to 7.6% in 2019, but that’s still far below what it needs to be to put Americans on solid footing. Now that we are in unprecedented times and unemployment rates are up, savings will...
I was chatting with someone about who’d you most like to be quarantined with and we were debating the perks of being quarantined with a billionaire. He figured that any billionaire would have a fantastic personal chef, but I wasn’t so sure. Billionaires tend to...
There are so many financial tasks that we “know” we should do, but who has the time to even remember them, let alone do them. But now that we are all in social distancing, do we have a lot of excuses?I’ve compiled a list of...
When I first visited China as an adult, I was really surprised to see Chinese people (over there they just call them “people”) drinking and smoking, wasting time, and being below-average violin players. Chinese Americans are not like that. Then I realized, Chinese and Chinese...
When I was paying down my law school debt, it felt like I was fighting for every last penny. I thought I would feel so much better after my debt was gone. But then, after I paid off my debt, I looked at my paltry...