Tag: financial education
How to approach asset allocation and risk tolerance.
Figuring out how much of your net worth to invest in different assets is challenging. It is very personal. Take the time to figure out where your comfort level is and what makes sense based on your goals and your age.
Opportunity Cost and what could have been
Every decision we make comes with a cost. Not just the cost of the thing we acquire, but the cost of what could have been. Opportunity cost is the concept that there are alternatives to the decisions we make that have different outcomes. Being aware of opportunity cost is critical to sound decision making.
How to approach your first job
You’ve graduated from school, and it’s time to start looking for work. How you approach this important decision is critical to success in your career and therefore your finances. In this blog post, I want to run you through my first job, what I learned from it and how I leveraged it to grow in…
The cost of a Doordash meal, broken down
Everyone knows that one of the biggest uses of millenial money is eating out. Cooking for ourselves just hasn’t been drilled into us as one of the top ways to save money (I suppose they cut home economics out of the curriculum at some point?). The reality is that a very small minority of the…
Your financial “End Game” explained
To be financially successful over the long run, people need to make sacrifices in their lifestyle today to free up money for long term growth. Without a financial end game in mind ,these sacrifices are far less palatable. The financial End Game is the dream that makes the sacrifices worthwhile.
Why I use my credit card for everything!
Let’s start with a clear statement on consumer spending. If you can’t pay off your credit card every month with income from your salary after you have already contributed to investments, you are spending too much. Spending too much means you will carry a consumer debt balance on your credit card which will be very…