Published in Making of a Millionaire·PinnedThe Closer I Get To Financial Independence, The Less I Want To Quit My Corporate JobHere are the reasons why I think leaving my corporate job is not a smart choice — There are many reasons why people leave their 9-to-5 jobs. And one of the real reasons is that they have everything planned out. Or maybe they want to start their own business and be their own boss. And this is really amazing because there is no motivation in having to…Finance5 min read
Published in Making of a Millionaire·Pinned5 Unsexy Things I’m Doing Every Day to Become a Millionaire in the Next 5 YearsIt has nothing to do with saving or investing — Who said you couldn’t become a millionaire if you wanted to? Money makes the world go round. Whether we like it or not. Yet you will not become financially free just by saving. People like Dave Ramsey who sell that snake oil are being outdone. Even my girlfriend’s younger brother…Money4 min read
Published in Making of a Millionaire·3 hours agoMillennials Are Making More Money Than Previous Generations, But They’re Not Prepared for an EmergencySpending money to feel good is the stupidest thing — Our problem is more psychological than economic. Let’s talk a bit about our saving skills. It seems that as we earn more money, we have yet to master the skill of setting aside appropriate amounts of money for a rainy day. We want spring break every year. We want to…Money4 min read
Published in Making of a Millionaire·1 day agoMost Of Us Spend Money On Things We Could Get For FreeWe just flush money down the toilet — Even if you have adjusted your budget and eliminated expenses that only put you in the deep end, I bet you can save more by browsing through this list. I rarely bring up generic money advice, because Google is already full of it, but I’ve been browsing Tumblr and found…Money3 min read
Published in DataDrivenInvestor·2 days ago5 Worst Paths I See Most Cryptocurrency Investors Attempt to Follow. Here’s What Not To Do#1 — Try mining cryptocurrencies — Bitcoin is a bubble. They say. But when cryptocurrency investing gained the spotlight even in Forbes, there were so many stories of people who made fortunes before sunset by investing small amounts of money, even before the markets skyrocketed. This makes people think that they can get rich before nightfall…Cryptocurrency4 min read
Published in Making of a Millionaire·2 days agoIf You’re Already at 50 and Have $0 For Your Retirement, There’s Only One Thing You Can DoIt’s OK if you have $0 — What’s over the horizon? It’s your retirement, which is getting closer and closer. Yes, it’s still a few years away, but now you can see it without wearing glasses. How are you feeling? Excited? Sad? Uncertain? Full of fear? Yes I know, fear is in the walls. By now, you…Economics3 min read
Published in DataDrivenInvestor·4 days agoOne of My Friends Got Divorced and Wants to Inherit Her Ex-Husband’s BitcoinsHere is how this story was resolved — The wife filed for divorce because her husband was lying about his age. The couple lived in Porto, Portugal. The husband lied about his age during ten years of marriage. He was 31 when he asked her to marry him, but he said he was only 25. When she realized…Bitcoin3 min read
Published in Making of a Millionaire·5 days agoI Don’t See Anyone Commenting This Way to Build Financial EmpireHere is something that most people forget to comment on — 1 million dollars in 6 months? Then 4? In 2 months? With an average life expectancy of almost 83 years, financial wealth doesn’t have to come overnight. Why do so few middle-class people manage to accumulate wealth without inheritance? I’ll tell you why. Because the path to one’s own wealth…Money3 min read
Published in Making of a Millionaire·6 days agoThe Worst Money Advice Ever That I See (Almost) Everyone FollowingThen they complain when they go broke — The worst money advice and Coca-Cola have something in common. Douglas Ivester was the CEO of Coca-Cola between 1997 and 2000. One of his worst ideas was to raise sales prices on hot days. The vending machines were supposed to change prices due to the temperature. This idea is not…Money4 min read
Published in DataDrivenInvestor·6 days ago3 Financial Paths That Lead To Failure That I See Almost Everyone FollowingI followed some paths and then I let go — These paths haunted my parents. Breaking or following the rules leads to success or failure. When it comes to investing for old age, there are also rules with far-reaching consequences. Just so you keep in mind, I am not talking about the rules for a rich retirement. I am talking…Money3 min read