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One of the main reasons why I wrote Buy This, Not That was to help readers feel less regret by making wiser choices. Regret is one of the worst feelings, especially if it is a type of regret that could have been prevented through knowledge. The easiest way to stop saying, “If I knew then […]
Conduct A Regret Minimization Exercise To Help You Move Forward Read More »
Here in the San Francisco tech startup scene, we have a term called “the trough of sorrow.” The trough of sorrow refers to the sadness that comes after a setback or a big win. After a setback, you’re tasked with finding product-market fit to survive given your company has a limited runway of cash. You
Overcoming The Trough Of Sorrow: Defeating An Emptiness Inside Read More »
If you’re in the market for a vacation property you will likely have to decide between purchasing a single-family home or a condo. However, what if you have enough money to buy a single-family mansion for $10+ million versus a condo at a luxury resort for $500,000+? I used to think a single-family mansion for
Vacation Property Comparison: Single-Family Mansion Vs. Resort Condo Read More »
Have you ever wondered how you can get life insurance for free? I’m not talking about getting free life insurance from work. It usually isn’t enough. I’m talking about how to get free life insurance outside of work. My wife and I have life insurance because with have two young children, a complicated net worth,
How To Get Life Insurance For Free: Make More Money Read More »
One of the main reasons why people delay having children is its cost. Rising prices for daycare, preschool tuition, and shelter plus the opportunity cost of not working, partially explains why our population replacement rate is declining. The cost of raising children worried me so much that I actually had a $1 million net worth
The Unexpected Financial Benefits Of Having Children Read More »
Are you a stay-at-home father or father who spends a lot of time with his children? If so, you may be second-guessing your decision to spend so much time with them during their early years. Without some reciprocating love, you might be wondering whether your effort is worth it. You see, the more time and
The Age Children Begin Loving Their Fathers As Much As Their Mothers Read More »
One of my tennis buddies told me a funny story about borrowing money from his parents. He was 28 at the time and asked for a $30,000 loan to buy a condominium. Since his parents had the spare cash and weren’t making much from interest, they figured lending money to him was a win-win situation.
Lending Money To Friends And Family: How To Determine When It’s OK Read More »
An allowance can be an amazing way to start teaching your children about money management. However, there’s debate when it comes to how much allowance to give, when to start giving an allowance, and whether the amount of allowance for kids should be tied to chores. Not to mention, some parents don’t believe in allowances
Survey: Over 50% of Parents Opt for Chore-Driven Allowance for Kids Read More »
When you hear, ‘estate planning’ what is the first thing that comes to mind? For most of us, we may default to the process of dispersing physical assets such as homes or cars. While this indeed does apply, estate planning in general captures so much more. It also determines how a person’s assets will be
Why We Need A Will And A Power Of Attorney Read More »
Choosing where to put your savings is a question that does not have a simple answer that works for everyone. Deciding how much of your discretionary dollars to put towards retirement savings, college expenses, life insurance, an emergency fund and other buckets of money will vary depending on your unique financial situation. Here are a
Why You Should Save For Your Retirement Before For Your Kids’ College Read More »
Have you ever wondered why airline flight attendants instruct you to put on your own oxygen mask before assisting others? It might seem selfish to put your own needs before the needs of your loved ones, but this rule is actually part of a broader philosophy: in order to help someone else, you need to
How to Manage Your Finances While Also Supporting Loved Ones Read More »
If you have a special child in your life, you may be wondering what to put under the tree this year. One long-lasting and truly meaningful way to show the child in your life that you care is by taking a few minutes to set up a UGMA/UTMA account and give them a leg up
Why UGMA/UTMA Accounts Are the Perfect Holiday Gift Read More »
This year took so many twists and turns we haven’t been able to keep count– often leaving us in complete overwhelm with a whirlwind of thoughts and emotions. Grief, anxiety, and sheer disappointment are just a handful that comes to mind when we reflect on the endless amount of curveballs life has thrown over the
Gratitude in A Difficult Year Read More »
2020 has been an unprecedented and challenging year for many of us. I had my first child this year and it’s difficult coming to terms that her first Christmas just won’t be the big event we’d all love it to be. But one thing I do believe is it’s an opportunity to create a new
Employee Roundup: Ways to Creatively and Safely Celebrate the Holidays this Year Read More »
From the Mint team: As you know, Mint is a free product you can use to help stay on top of your finances. So, how do we make money? We get paid by the advertisers on our site. This compensation may affect how and where products appear on the site (and in what order). Mint.com
Why You Need to Open a UGMA/UTMA Account for Your Kids Read More »
