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Make smart choices about your money, time and productivity

Apr 29, 2019

#190: More than 20 years ago, affluence researchers Dr. Thomas Stanley and Dr. William Danko surveyed a vast number of millionaire households in the United States.

What they discovered was groundbreaking at the time.

The average U.S. millionaire, they found, lives a frugal lifestyle. They are disproportionately...

Apr 22, 2019

#189: Julie, age 27, calculated her expected net worth based on the formula taught in the classic personal finance book The Millionaire Next Door. She’s concerned. Her current net worth is significantly lower than the number that the formula revealed. Is she on-track?

Anonymous wants to save for a downpayment on a...

Apr 15, 2019

#188: In May 1915, a renowned 58-year-old sea captain, Captain William Thomas Turner, made a series of questionable decisions.

He was the captain of the Lusitania, a ship with 1,959 passengers, sailing from Manhattan to London. The first World War was taking place around them, and Captain Turner knew he needed to move...

Apr 8, 2019

#187: Sarah needs $36,000 per year in rental income to reach FIRE (Financial Independence, Retire Early). She owns several rentals. When can she comfortably consider herself FIRE?

AyV wants to rent out his primary residence. Should he renovate?

Anonymous lives in a high-cost-of-living city, but she found a small city...

Apr 5, 2019

#186: Mike and Lauren have run a cleaning company, started and sold a biodiesel company, repaired and resold motorcycles, opened a coffeeshop, owned a DVD rental box, sold e-cigarettes, bought a storage warehouse, launched a YouTube channel with nearly 150,000 subscribers, moved to Manhattan, moved back to Florida,...