Creating Your Vision of Financial Independence

Creating Your Vision of Financial Independence

I don’t have a crystal ball, unfortunately, but having a vision statement is the next best thing. It’s amazing what a little writing, intention, and focus in your life will do for you. When I first started writing my vision, back in 2000, my life looked nothing like...

Number One Predictor of Your Future Wealth

Number One Predictor of Your Future Wealth

(No, it’s not a robot, although that would be really cool!) This past weekend the Kung Fu Family went to an awesome event here in the Bay Area called The Maker Faire (these events are held nationwide, and you might be able to find one in your local area). The Maker...

Making Friends with Your Financial Fears

Making Friends with Your Financial Fears

Recently I wrote an essay about protecting your wealth by using stop losses, diversification, legal strategies, and tax planning. I thought it was a good essay. It covered, I thought, everything I knew on the subject. But I've been thinking about it since then and...

The Golden Bucket of Savings

The Golden Bucket of Savings

Once you have figured out how large your spending bucket needs to be, you can start to figure out the size of your saving and investment buckets. You may be wondering what the difference is between saving and investing. To most people, they are the same. But I like to...

You CAN Live a Rich Life While Building Wealth

I grew up relatively poor, the second of eight children. My father earned $12,000 a year as a college professor. As a teenager, I was ashamed of our small house, my hand-me-down-clothes, and my peanut-butter-and-jelly sandwiches. I dreamed, literally dreamed, of...

The Vision for Your Family

I want to let you in on what I believe is one of the most intriguing investment stories ever told. The story of how the world's wealthiest families have held onto their wealth over hundreds of years. There are a lot of families. And there are a lot of rich people. But...

Your Most Important Financial Decision to Make

Economically speaking, 2012 looks to be a crazy year...multiple potential "black swans" loom on the horizon that could threaten your financial future. Between rising unemployment, the European financial crisis, ongoing corruption of the system (think MF Global),...

Taking Care of Your Money

I had my first serious run-in with debt when I was 30 years old. My wife K and I were renting a condominium in Washington, D.C. Our landlady came to us with an exciting opportunity: We could buy the condo for $60,000 with no money down. For just $100 a month more than...

Live Your Life and Be Happy About It

"Nice to meet you... Hang on a sec... Let me text my husband." My wife and I stood there waiting. The girl busily tapped out a text message on her new iPhone. She wasn't so quick with the typing, but we knew what was going on... She was just showing off that she owned...

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