Tag: insights
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Master the Gross Margin Formula: Propel Your Career Growth
Introduction: A Lesser Understood Secret to Career Advancement Have you ever felt lost when your boss throws around financial terms like “gross margin”? You’re not alone. Many professionals find financial jargon intimidating. However, understanding profitability ratios is the gateway to thinking like an investor, which is a mindset that can set you apart from your…
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Velocity Banking: Extreme Risk For No Reward
Our Financial Journey: Lessons Learned and Why We Care Our journey through the financial world has been filled with lessons—both from our successes and our mistakes. With years of experience and a solid track record, we’ve learned what truly works in building wealth. We’re here to share these insights and help you avoid the pitfalls…
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Are You Ready to Buy a House? How to Make the Right Choice!
Buying a house is one of the most significant financial decisions a family can make. With both home prices and rents soaring, the question “Are you ready to buy a house?” is more critical than ever. This article will guide you through the essential considerations, from understanding social pressures and affordability issues to evaluating the…
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11 Money Mistakes New Parents Make (And How to Avoid Them)
Introduction Becoming a parent is a life-changing experience, filled with joy, sleepless nights, and—yes—financial challenges. In the whirlwind of diaper changes and midnight feedings, it’s easy to overlook important money matters. Imagine waking up one day, realizing you’ve overlooked a critical financial step, and feeling that panic set in. It doesn’t have to be this…
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What is a Nesting Party? Better Than a Shower
Preparing for a new baby is an exciting, transformative experience, often accompanied by a surge of energy and an overwhelming urge to get everything in order. This phenomenon, known as “nesting,” has a deep-rooted presence in both human and animal behavior. While baby showers have long been the traditional way to celebrate the impending arrival,…
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The Best Gift for Your Child: Unconventional Yet Essential
When it comes to saving for your child’s future, the array of investment options can be daunting. Custodial Roth IRAs, 529 Plans, Custodial Accounts (UGMA/UTMA), and brokerage accounts each have their own set of rules, benefits, and limitations. Let’s explore these options and the societal pressures that come with them, and then discuss why focusing…
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How Much Money Will I Need to Retire: Flawed Math
Have you ever followed conventional wisdom, thinking you were making all the right moves, only to find out later that the advice was flawed? This is precisely the risk many of us face around the question of “How much money will I need to retire?” Unfortunately, the standard retirement savings rule of thumb to save…
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Prepare for Unexpected Challenges When You Make More Money
In my previous blog post, I emphasized the significance of establishing an emergency fund equivalent to 10% of your home’s value, particularly for high earners. While the conventional advice often suggests a 6-month emergency fund, this may not suffice for individuals in high-paying positions. Today, let’s delve deeper into why a larger emergency fund is…
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A Safe Bet: How to Safeguard Your Dream Home
Enhancing Home Stability with Timeless Investment Wisdom Imagine the excitement of buying a new home—the space, the freedom, the dreams of decorating each room to your heart’s content. Now, imagine that excitement turning into stress because an unexpected event leaves you struggling to make payments. This is where the concept of buying a home with…
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How the Top 10% Stay Rich: Secrets of Dual Income
Ever bought something online, only to regret it immediately? That’s how I often feel about half my Temu haul. While these small purchases won’t wreck your wealth, they highlight a crucial point: we frequently overthink minor decisions and overlook the biggest one —who we marry. Here’s why marrying the right person is the most underrated…