Einstein is attributed with the saying “”Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” Using my example of Mary who is able to save $200 a month from age 25 until age 67 earning 10% annually. She will have more than $1,548,000 after ten…

Substancial wealth is not made overnight or doesn’t even require an extremely high income. In the book, “The Millionaire Next Door” the primary premise is that many millionaires just saved a large percentage of their income and spent very little. Ironically, the people flashing Rolexes and driving fancy depreciating assets / cars have spent their…

The word millionaire evokes images of suited CEOs and executives sitting around a table in a high-rise in NYC, NY. However according to the largest study on millionaires performed by Ramsey Solutions the third most profession of millionaires was a teacher. This should be surprising. I was initially surprised when I heard it. As Americans…

Geo-Arbitrage has become a popular term in the post Covid world. In its simplest form it is living in a low cost of living area while having the benefit of a higher cost of living job. With the rise of remote work this generally means remote work. However, I have been benefiting from geo-arbitrage in…

I am sitting here with less than a week left of my 12 weeks of parental leave from working as a federal librarian. My newborn daughter is in her automatic swing sleeping in front of me, while my three dogs sleep around my small house located in rural middle America. My job is very comfortable…