Finances

1. This is probably a strange answer, but joining the military.

I was able to mature and save up a small nest egg, get access to the Post 9/11 GI bill, and some combat wounds were 100% worth it for the disability check and healthcare lol

That let me go to to college and a great law school with no debt, and led me to where I am today.

Plus, I wouldn’t trade the experiences for anything. Home run.

[Read more…] about 14 High Net Worth Individuals Reveal Their Financial Home Runs

The ultra-wealthy don’t play by the same rules as the rest of us. They don’t just make money; they warp time, space, and tax law to keep it. Enter the “Buy, Borrow, Die” strategy—an esoteric financial cheat code that allows the rich to sidestep taxes the way a seasoned gamer avoids paying for in-app purchases. It’s legal. It’s brilliant. And it raises ethical dilemmas so uncomfortable they could double as a seat on Spirit Airlines.

[Read more…] about The Ingenious Strategy Used by the Rich to Avoid Taxes

For decades, banking was boring—and that’s exactly what made it work. You deposited your paycheck, paid your bills, and occasionally checked your balance. There were no fireworks, no games, no interest rates high enough to make you question the laws of physics.

Then came online-only banks, flipping the script. Banking became sleek, fast, and—dare I say—fun. High-yield savings accounts, no fees, and apps that make your local credit union look like it’s still running Windows 95. What’s not to love?

Well, quite a bit, actually.

[Read more…] about Why Your Money Might Not Be as Safe as You Think in Online Banks

Buying a house is one of the biggest financial decisions you’ll ever make. It’s a huge commitment, not just to the property, but to the person you’re buying it with. And if that person isn’t your spouse, you’re adding an entirely new layer of risk and complexity to an already massive undertaking.

[Read more…] about The Risks of Buying a House with Someone Other Than Your Spouse

Credit cards sell you on convenience. Swipe now, pay later. And when “later” comes, they even offer you the option to pay just a little bit—just the “minimum”—so you don’t have to feel the pain of parting with your cash. It sounds great in theory. But this is where the credit card companies are playing chess while most of us are playing checkers.

[Read more…] about The Dangers of Only Making Minimum Payments on Credit Cards

Here’s the thing: when it comes to building wealth, there’s no magic formula. No secret sauce. No hidden code that only a few select people know about. It’s far more mundane than that—and that’s why it’s so hard for people to grasp.

[Read more…] about There Is No Secret to Getting Rich

Let’s talk about something people rarely want to admit: the idea of banking on an inheritance to secure your financial future. It’s one of those topics that floats around quietly at family dinners, whispered between siblings or silently assumed. But here’s the truth you need to hear: relying on an inheritance is one of the worst financial strategies you can adopt.

[Read more…] about Why You Should Never Rely on an Inheritance for Your Financial Future

You’ve probably heard that Turo can be a great way to make extra money—renting out your cars and turning a profit sounds easy. But from what many people in the industry are saying, it might not be as smooth as it seems. If you’re considering Turo as a path to entrepreneurship, here’s why it might not be worth it in the long run.

[Read more…] about Why Turo Might Not Be the Best Business for Entrepreneurs

It’s easy to fall into the “I deserve it” mentality with our finances. After a long week of work, it’s tempting to rationalize splurging on an expensive meal, new clothes, or the latest gadget.

But this mindset can seriously damage our financial health if we’re not careful. Let’s delve into what this mentality is, why it’s harmful, and how to combat it.

[Read more…] about You Need To Avoid The “I Deserve It” Trap