Is $77,000 Too Much Cash for My Financial Situation?
One of the most important personal finance questions anyone can ask themselves is exactly how much money they need on hand at any given time. Whether it’s emergency money for a home, a potential…
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Is Spending 40% of My Take Home on a Mortgage Too Much? Here’s What I Learned
A Reddit user is worried about potentially being in over his head when it comes to his housing payment. He and his wife are preparing to purchase their first property and are thinking about…
I Just Retired Early at Age 56 – Am I Making a Mistake?
A Reddit user retired at a much younger age than most, and now he’s second-guessing his choice. While he has made clear that he feels like he is in a good financial position as…
I’m 20 – My Credit Score is 587 and I Have Only $1,500 in Savings – What Should I Do?
A 20-year-old Reddit user was dismayed to learn recently that he has a low credit score. He already knew he had a limited amount of savings, but he was unaware of just how bad…
I’m in my 30s with $1.3 million – Should I quit my job now or keep grinding for a few more years?
One of the biggest questions anyone in the FIRE world can ask themselves is what number they need to achieve to walk away from the workforce for good. For some people, it’s $1 million,…
After 37 Years of Investing, I Finally Hit My Goal of $1,000 a Day from Dividends
Many people make money in the stock market over time by holding onto quality investments for years so their share price appreciates. But there’s another way to make money off of stocks, and…
Why Do Dividend Investors Critique Dividends While Promoting ETFs? – A Dive into the Contradictions
The passive investing community can be pretty vocal on Reddit. Undoubtedly, there are numerous benefits of going down the ETF (Exchange-Traded Fund) route. It’s simple, cost-effective, efficient, and perhaps most important, a massive time…
Why Do We Feel Poor Despite Higher Incomes? A Deep Dive Into American Financial Perceptions
On a global level, the U.S. is generally considered a wealthy country. In light of that, one Reddit user wants to know why people in the U.S. commonly feel so poor. A May…
Why I’m Ready to Cancel My AMEX Gold Card – The Hidden Costs of Coupon Cards
You don’t have to use the same credit card forever. Getting a new credit card can give you access to better rewards programs and perks. However, you might also be stuck with a card…
Why I, a Financial Advisor, Question the Focus on Dividends Over Total Returns
A lot of retirees who live off passive investment income seem to care a lot more about dividends than the actual capital appreciation (or depreciation) potential of a portfolio. Undoubtedly, there’s nothing fundamentally wrong…
I Have $600,000 at 29 — Should I Rely Solely on the Stock Market or Diversify?
In this piece, we’ll check in on the curious case involving a Reddit user who’s managed to save up $600,000 before turning 30. Undoubtedly, it’s an impressive feat that puts this r/Fire poster well…
Is Private Jet Travel Worth the Cost? My Dilemma with $5 Million Income and $60,000 Flights – What Do You Think?
It’s a dilemma that most people can’t even begin to relate to. For most, $60,000 for flights seems like an absolute waste when you weigh what the exorbitant sum of cash could have been…
Is $5 Million Really ‘No Man’s Land’ for Retirement? My Thoughts on Polarizing Opinions
A Reddit user is tackling a controversial question head-on. He’s posted in the “Chubby FIRE” forum, which is for people who want to achieve Financial Independence and Retire Early (FIRE) but don’t want to…
Charlie Munger Said The first $100,000 is the worst, and He’s Right
If you’re someone even remotely interested in earning money in the market, there is a good chance you have heard the saying “your first $100,000 is the hardest.” First spoken by legendary investor and…
Should I give up my low 2.3% mortgage rate to buy my dream $650k home?
It’s a common dilemma faced by many homeowners who got into a mortgage at the right time. Undoubtedly, a locked-in 2.3% mortgage rate seems unheard of these days, and it’s not one that a…