@personalfinanceclub.com
Sometimes I feel bad when a young, hopeful new investor comes to me as though I’m a guru sitting atop a Himalayan mountain and they’ve just finished a months long trek to find me. They eagerly ask for the elusive secret to becoming rich. And I disappoint them with this boring advice.
October 13, 2025 at 3:44 PM
Sometimes I feel bad when a young, hopeful new investor comes to me as though I’m a guru sitting atop a Himalayan mountain and they’ve just finished a months long trek to find me. They eagerly ask for the elusive secret to becoming rich. And I disappoint them with this boring advice.
The credit card companies will claim that the fraud protection is equal between similarly branded debit and credit cards. But in practice, with a debit card your actual money is gone. The onus is on you to get it back and it can take weeks, putting you in a dire financial situation.
August 18, 2025 at 2:40 PM
The credit card companies will claim that the fraud protection is equal between similarly branded debit and credit cards. But in practice, with a debit card your actual money is gone. The onus is on you to get it back and it can take weeks, putting you in a dire financial situation.
At this point you probably wished you could travel back in time to 1990 to start investing then. Unfortunately time travel doesn’t work yet. The good news is, in 30 years someone will make a post showing a millionaire emoji who started investing in 2024. And this emoji can be you!
August 12, 2025 at 7:53 PM
At this point you probably wished you could travel back in time to 1990 to start investing then. Unfortunately time travel doesn’t work yet. The good news is, in 30 years someone will make a post showing a millionaire emoji who started investing in 2024. And this emoji can be you!
If you go a FULL YEAR without wearing something, why keep it around? When you get rid of something you don’t like, ON AVERAGE, your stuff gets BETTER. Your closet is more empty. Your mind is less cluttered with keeping track of all of your stuff!
August 8, 2025 at 9:03 PM
If you go a FULL YEAR without wearing something, why keep it around? When you get rid of something you don’t like, ON AVERAGE, your stuff gets BETTER. Your closet is more empty. Your mind is less cluttered with keeping track of all of your stuff!
Understanding how health insurance works is like learning a whole new language, but understanding it can save you a lot of money.
August 7, 2025 at 8:27 PM
Understanding how health insurance works is like learning a whole new language, but understanding it can save you a lot of money.
Keep driving the car you have. If you need a car, buy a used one in cash. Invest what you would have spent on a car payment in an index fund for a few decades and you're rich.
August 1, 2025 at 7:11 PM
Keep driving the car you have. If you need a car, buy a used one in cash. Invest what you would have spent on a car payment in an index fund for a few decades and you're rich.
The cool thing about investing in an index fund is investing $100 works the same way as investing $1,000,000 (I've done both!) The only difference is is the latter requires pressing the zero key an additional four times.
July 29, 2025 at 2:24 PM
The cool thing about investing in an index fund is investing $100 works the same way as investing $1,000,000 (I've done both!) The only difference is is the latter requires pressing the zero key an additional four times.
As a human, it’s totally ok to have money regrets. Rather than dwell on the past, what areas of your current financial life will your future self look back on and wish that you had changed? The decisions you make today will help limit any future regrets!
July 28, 2025 at 7:59 PM
As a human, it’s totally ok to have money regrets. Rather than dwell on the past, what areas of your current financial life will your future self look back on and wish that you had changed? The decisions you make today will help limit any future regrets!
Focusing on "can you make the payment" is the perfect way to stay broke. Considering what is the TOTAL COST and how will that impact your TOTAL NET WORTH is how rich people build wealth.
July 24, 2025 at 7:16 PM
Focusing on "can you make the payment" is the perfect way to stay broke. Considering what is the TOTAL COST and how will that impact your TOTAL NET WORTH is how rich people build wealth.
There’s no secret. There’s no magic. Optimal investing is simple. Buy and hold low cost index funds. Invest early and often. Ignore the noise. Don’t try to get rich quick. Stay the course. That’s how you get rich.
July 23, 2025 at 7:19 PM
There’s no secret. There’s no magic. Optimal investing is simple. Buy and hold low cost index funds. Invest early and often. Ignore the noise. Don’t try to get rich quick. Stay the course. That’s how you get rich.
I really dislike the multi-level marketing model. I think it's an immoral business model. The creators of the scheme set up the rules to prey on people's desires and dreams, but it's a game that only they win, while they project blame back onto the victims.
July 22, 2025 at 8:59 PM
I really dislike the multi-level marketing model. I think it's an immoral business model. The creators of the scheme set up the rules to prey on people's desires and dreams, but it's a game that only they win, while they project blame back onto the victims.
The two celebrities I’ve been told I look like are Chris Martin and Britney Spears that one time she shaved her head.
July 18, 2025 at 9:27 PM
The two celebrities I’ve been told I look like are Chris Martin and Britney Spears that one time she shaved her head.
Like, come on. I’m a better actor than that and I’m a terrible actor.
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
-Jeremy
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
-Jeremy
July 18, 2025 at 6:02 PM
Like, come on. I’m a better actor than that and I’m a terrible actor.
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
-Jeremy
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
-Jeremy
There are many older people who will tell you their home is the best investment they ever made. That’s because it’s the only investment they ever made. When you buy your primary home, most of your money isn’t going towards your investment. It’s going towards totally sunk costs.
July 17, 2025 at 7:36 PM
There are many older people who will tell you their home is the best investment they ever made. That’s because it’s the only investment they ever made. When you buy your primary home, most of your money isn’t going towards your investment. It’s going towards totally sunk costs.
The great thing about (most) books is that the authors generally don't have an ulterior motive and aren't trying to sell you on anything. So when you start reading these personal finance books, very consistent themes emerge. It really helps cut through the noise in the world of money!
July 17, 2025 at 3:18 AM
The great thing about (most) books is that the authors generally don't have an ulterior motive and aren't trying to sell you on anything. So when you start reading these personal finance books, very consistent themes emerge. It really helps cut through the noise in the world of money!
You know that saying that there’s “lies, damned lies, and statistics”? Well guess what, the financial industry is as guilty as anyone! I always see “S&P 500 stats” thrown around and so often they can be ANY ONE of these four lines shown, often without explanation or misleading conclusions.
July 16, 2025 at 3:11 AM
You know that saying that there’s “lies, damned lies, and statistics”? Well guess what, the financial industry is as guilty as anyone! I always see “S&P 500 stats” thrown around and so often they can be ANY ONE of these four lines shown, often without explanation or misleading conclusions.
To figure this out, I downloaded the historical S&P 500 data going back 100 years and wrote a small program to analyze it. Your investment over this time is only $120,000 but the average final value is close to $2 million!
July 15, 2025 at 8:24 PM
To figure this out, I downloaded the historical S&P 500 data going back 100 years and wrote a small program to analyze it. Your investment over this time is only $120,000 but the average final value is close to $2 million!
When an unsuspecting new investor wants to start putting money away and seeks out a financial advisor, they often end up in the office of an insurance salesman. If your financial advisor is pushing any sort of insurance policy that carries a cash value, it’s time to seek a second opinion.
July 11, 2025 at 7:27 PM
When an unsuspecting new investor wants to start putting money away and seeks out a financial advisor, they often end up in the office of an insurance salesman. If your financial advisor is pushing any sort of insurance policy that carries a cash value, it’s time to seek a second opinion.
if taking a few hours to learn about self managing your investments will save you MILLIONS OF DOLLARS, you won't find a more important use of your time in this life. Spend less than you make. Dump it into low cost index funds. Learning how money and investing works will serve you for decades to come
July 10, 2025 at 10:45 PM
if taking a few hours to learn about self managing your investments will save you MILLIONS OF DOLLARS, you won't find a more important use of your time in this life. Spend less than you make. Dump it into low cost index funds. Learning how money and investing works will serve you for decades to come
The truth is investing really comes down to math. It's about building wealth by acquiring assets that provide income and go up in value over time. The more money you put in, the more comes back. The longer you invest, the larger the investment grows. It's straight up math.
July 9, 2025 at 7:07 PM
The truth is investing really comes down to math. It's about building wealth by acquiring assets that provide income and go up in value over time. The more money you put in, the more comes back. The longer you invest, the larger the investment grows. It's straight up math.
I posted yesterday about "anti-prime" day and how companies use marketing tricks to get you to spend more money. ONE of those tricks popular on both prime day and Black Friday, is to mark UP the normal price, then cross it off putting a discounted price back to the original price.
July 9, 2025 at 7:05 PM
I posted yesterday about "anti-prime" day and how companies use marketing tricks to get you to spend more money. ONE of those tricks popular on both prime day and Black Friday, is to mark UP the normal price, then cross it off putting a discounted price back to the original price.
"Prime Day" starts today. Remember that NOT BUYING IT is always an option! It's the 100% off sale that always available.
If you really want to scratch that buying itch, go buy a share of VT. That's the Vanguard Total World Stock ETF. It's currently about $128.
If you really want to scratch that buying itch, go buy a share of VT. That's the Vanguard Total World Stock ETF. It's currently about $128.
July 8, 2025 at 8:12 PM
"Prime Day" starts today. Remember that NOT BUYING IT is always an option! It's the 100% off sale that always available.
If you really want to scratch that buying itch, go buy a share of VT. That's the Vanguard Total World Stock ETF. It's currently about $128.
If you really want to scratch that buying itch, go buy a share of VT. That's the Vanguard Total World Stock ETF. It's currently about $128.
No one ever thinks they’ll get hacked until it actually happens to them. Take the time today and ensure you're limiting the chances of it happening to you.
July 7, 2025 at 4:45 PM
No one ever thinks they’ll get hacked until it actually happens to them. Take the time today and ensure you're limiting the chances of it happening to you.
Optimal investing isn’t about guessing whether the market is low or high and trying to lock in profits. It’s about slowly acquiring more shares over time. Market low? Buy. Market high? Buy. Scary headline? Buy. All time record? Buy. Terrible economy? Buy.
July 4, 2025 at 2:32 AM
Optimal investing isn’t about guessing whether the market is low or high and trying to lock in profits. It’s about slowly acquiring more shares over time. Market low? Buy. Market high? Buy. Scary headline? Buy. All time record? Buy. Terrible economy? Buy.
Here’s an example starting at 35 with ZERO saved, and STILL retiring SEVEN YEARS earlier than traditional retirement age of 65.
That’s how you do it. Spend less than you make, invest the difference. Want to get there faster, do those things more.
That’s how you do it. Spend less than you make, invest the difference. Want to get there faster, do those things more.
July 3, 2025 at 6:25 PM
Here’s an example starting at 35 with ZERO saved, and STILL retiring SEVEN YEARS earlier than traditional retirement age of 65.
That’s how you do it. Spend less than you make, invest the difference. Want to get there faster, do those things more.
That’s how you do it. Spend less than you make, invest the difference. Want to get there faster, do those things more.