… I want to pass this gift along to my son if at all possible, because it is truly a great way to live. After all, as parents we are really in the business of producing the happiest and most capable adults we can, given the constraints of the real Read more
This idea is so simple but it is brilliant! We are terrible at predicting what will make us happier but it’s obvious what makes us unhappy so rather than pursue something that likely won’t actually improve our well-being, focus instead on eliminating the things that definitely make us unhappy and Read more
… Most people just want to be comfortable. Physical, psychological, and emotional comfort is the primary goal of the middle-class mindset. The wealthy, on the other hand, learn early on that becoming a millionaire isn’t easy, and the need for comfort can be devastating. They learn to be comfortable while Read more
1. After marrying, men assume a new identity. Marriage is one of the last “rite[s] of passage into manhood” remaining in our society, argues sociologist Steven Nock in Marriage in Men’s Lives. He found that marriage engenders an ethic of familial responsibility among men, as well as a new-found sense Read more
While every couple is different, advisers say there are some basics to keep in mind. Ms. Schultz recommends that households with a freelance/full-time couple avoid the tendency to use the salaried person’s income as the sole basis for important expenses (housing, utilities) and the freelancer’s income for discretionary spending only Read more
Keep in mind these criteria are not hard and fast. These are just guidelines. Diversification is important when building a dividend growth portfolio. You should be looking not only at sector diversification (Tech vs. Telecom vs. Healthcare vs. Industrials), but also growth diversification (Low vs. High Growth). You want to have Read more
Adulthood Doesn’t Need To Happen All at Once This is an error I made in my thinking post-college. I was so anxious to be a real, live grown-up that I wanted it to happen all at once. Mr. FW jokes that if I’d had my way, we would’ve graduated college, gotten married, Read more
Where you work can affect your physical health. When you’re looking for your perfect setup there’s plenty to choose from: exercise balls to sit on, treadmill desks, standing desks, ergonomic chairs and keyboards, laptop stands, second screens… you could spend hours (and a fortune) putting together a setup that works Read more
Passive income, by contrast, is unlimited. Once you’ve wrapped up one project, you can move onto the next — and wealth starts to pile. That’s the ultimate difference between active and passive income. Active income rewards you for infinitely trading time-for-money. Passive income rewards you for working hard today so you can Read more
By the time we combined forces and got engaged in 2007 and married in 2008, we were already in a rare position for our age group: we had no debt, we didn’t live paycheck-to-paycheck, and we earnestly wanted to buy a house. And so, we started saving even more. With the objective of Read more