Invest Your Money

What An Unsolved Hijacking Can Teach You About The Time Value Of Money

time value of money

The only unsolved hijacking in U.S. history is also a great example of the Time Value of Money.

In 1971 a guy going by the name D.B. Cooper hijacked a Boeing 727 airliner, received a $200,000 cash ransom then disappeared forever after parachuting out of the plane with his cash somewhere over Oregon.

Nobody knows for sure if Cooper died trying to get away, or if he got away scot free but one thing is certain: $200,000 in 1971 is the equivalent of more than $1.2 million dollars today.

Invest Your Money

Tales from the Crypto

Tales from the crypto

I’ve been pretty vocal on Twitter about cryptocurrency. I own some of the stuff, I have fun with it and I get just enough questions from some of you that I figured I’d share all I know about Bitcoin with you today.

Don’t have a seat.  This won’t take long.

Invest Your Money

Index and Chill – The Safe and Easy Way to Invest in the Stock Market

The best way to build wealth and achieve FIRE is to invest your money.  The best way to invest your money is to index and chill!

Invest Your Money

Investing is Easy (and Required to Reach Financial Independence)

Investing is easy

I recently made a flippant comment on Twitter about how investing is easy.  At the time my investment accounts were up over 15% year to date and my dividend returns had never been better … of course this had everything to do with the bull market we’re in and absolutely nothing to do with my investing prowess.

Someone tweeted back at me that my comment made it sound as if investing were foolproof, which of course it’s not.

Investing can be scary. Investing will challenge your fortitude and will make you second guess yourself.  But at the end of the day, I stand by my comment: investing is easy.

Invest Your Money

Selling a Wealth Producing Asset is Like Killing the Golden Goose

Killing the Golden Goose

The finances behind FIRE isn’t complicated:

  1. Spend less money than you earn
  2. Invest that difference
  3. Eliminate/avoid debt
  4. Avoid lifestyle inflation

Do these four things and you can reach financial freedom in about 10 years.   Easy to say, not always easy to do when life gets in the way.  If you’ve ever lost your job, suffered a major illness, or had your business fail then you know what I’m talking about.

But sometimes we get in our own way and make boneheaded financial moves, like selling our assets.  Selling a wealth creating asset is like killing the goose that laid the golden egg.  Don’t kill your goose, keep it and let it produce!