Religion is one of those topics that's unexplored when it comes to personal finance. If you surf the web, you won't find much discussion of it. If you read the Wall Street Journal or Investors Business Daily, you hardly see a mention of religion at all. This is a shame. If you look at it, religion has played a defining role in much of human history. For example, religion was … [Read more...] about Why Episcopalians and Jewish People are Richer
Tesla Motors' founder may have designs on travel to Mars, but his brother Kimbal Musk plans to stay on earth. Although the two have collaborated on a couple of major ventures like PayPal and Zip2, Kimbal has amassed his own wealth. Although it’s hard to top Elon Musk’s success with SpaceX and Tesla, which have catapulted him to a net worth of as much as $13.3 billion, … [Read more...] about What Is Kimbal Musk’s Net Worth?
Okay so I sat down and calculated my net worth last weekend. I'm up 2.48% from May. July's wealth total was $386,959.70, up $9,377.09 from May's $377,582.61. The major long term drivers of the growth have been: A. Appreciation of my condo unit. The value of the condo increased by about $1,000. B. Growth of my stock - I was able to make a substantial deposit of … [Read more...] about July Net Worth Update – Up $9,377 to $386,959.70
So, it's mid-March, which means it's time for a monthly update. This month hasn't been too sexy, mostly I focused on consistent debt and cost reduction. Here is the breakdown of what I've been up to. Canceled Services & Reduced Bills This month I spent some quality time on the phone with Comcast/Xfinity. I got autopay set up for a total savings of $10 per month, or $120 … [Read more...] about James’ 2021 March Wealth Update
I have been a writer for DINKs now for over 15 months, expanding on topics from real estate to prenups, letting some personal information slip through some pieces here and there but never fully exposing myself. In this post, the goal is to take you on my personal financial journey and what building 7 streams of passive income really looks like. … [Read more...] about What Building 7 Streams Of Passive Income Really Looks Like
One challenge with blogging is the more you post, the less useful and relevant things you have to say. In the rush to continually generate content, sometimes the relevance of many postings for building wealth falls by the wayside. In an effort to stay focused on generating useful information, I wanted to make our readers aware of two great resources on the net. … [Read more...] about Better Models for Building Wealth
If you've read the book The Millionaire Next Door, you probably know who the late Thomas J. Stanley is. Stanley is a former marketing professor at the University of Georgia who has made a career out of studying America's wealthy. Unlike a lot of the guru's out there, Stanley bases his observations on solid survey data, so I trust what he has to say. Specifically, in his book, … [Read more...] about Bad Grades a Barrier to Wealth? Think Again.
I am sure in the past couple weeks you have read some sort of headline revolving around "Kylie Jenner Not Actually Being A Billionaire" or maybe in the past you've heard that Donald Trump and Wilbur Ross have inflated their net worth among many others. While some may be upset that these people aren't being transparent (even though it is unheard of to ask the "normal" person for … [Read more...] about This Is Why A Lot Of Rich People Exaggerate Their Net Worth
So, one of the books on my coffee table is Jane Bryant Quinn's Making The Most of Your Money. I've been a fan of Quinn's book on and off over the past few years. Unlike many so called "gurus", Quinn's book is full of good ideas. Its good largely due to the fact that Quinn is the real deal. Quinn has authored over 5 books on personal finance and has won awards for financial … [Read more...] about Jane Bryant Quinn’s Checklists For Life
America worships celebrity. As a society, we tend to view celebrities as having better judgment, as being more ethical, more attractive and more worthy of attention that average people. In my searches for financial information on the internet, I've come across some interesting links on the relating to celebrities and their financial lives. It seems that if you take a closer … [Read more...] about Celebrities Build Wealth Just Like You And Me