So far in our journey we have discussed all of life milestones, in the context of Human Capital. Something that is not only different to how the "new" cult of financial independence and retire early movement thinks, but also very practical for those that like a model more customized to each individuals needs. We think … Continue reading Retirement
So as we conclude the financial decision series using Human Capital Value as your basis and Smoothed Consumption as a framework to make those decision, we discuss the four principles that can help you make deicision. People dont' usually make financial decision, they tend to fall into them. People sometimes think that the siociety either … Continue reading Four Principles to Make Financial Decision
Buying a House is a probably one of the biggest purchases you will have in your life. This milestone is rife with emotionally-charged and often financially devastating choices.
Insurance is one of those requirements of life that don't make sense at all. You cannot objectively define whether the said insurance will come in handy or not. At the same time, not having insurance causes extreme anxiety as the legal ramifications of not having it could literally bankrupt you, overnight.
If you have ever been audited, you would know the anxiety that it causes. Taxes are a serious pain in the behind and they are very time consuming. Interestingly, they are also very time consuming for the IRA and the CRA.
According to the Survey of Consumer Finances, in the year 2007 couples without children had an average Net Worth of over $206,000 over their children-dwelling households. This pattern was observed in the year 1998, 2001, and 2004 surveys as well.
Debt is a fact of life whether we like it or not. Debt follows us around and every financial decision, especially life's milestones, require that we take into account debt and the costs associated with it.
A lot of people are under the assumption that saving a small portion of their earning is ample to allow them to retire, whenever that time comes. The flaw in that thinking can be easily deduced if you really think about it.
With the tuition rates rising ever higher, is the short-term damage worth the long-term results? Countless young soul are sucked into the promise of undergraduate or graduate study on the premise of "good jobs."
78 Million people in the United States earned money from a side hustle in 2017.