You may find this same pattern in your life too. You may have set your expectations rather high while you were young, only to be let down later. However, as the research suggests, this is completely normal. What’s also normal is lowering your expectations over time, probably too much, to the point where, as you head into old age, pleasant surprises

The most consistent way to get rich is to grow your income and invest in income-producing assets.

Our friends have more friends on average than a typical person in the population. This is the friendship paradox… The friendship paradox is easy to understand. The most popular people appear on many other people’s friendship lists, while the people with very few friends appear on relatively few people’s lists. The people with many friends are

How Often Should You Rebalance? While I would love to give you the definitive answer on how often you should rebalance your portfolio, the truth is… no one knows. I’ve examined rebalancing periods ranging from once a month to once a year, yet I never been able to find a clear winner. Unfortunately, no rebalancing frequency consistently outperformed

As you can see, depending on which decade you were investing in, you could have received annual returns of positive 16.6% or negative 3.1% over a 10-year timeframe. This is an annualized return spread of 20 percentage points that has nothing to do with your investment choices.

why you should invest: To save for your future self. To preserve your money against inflation. To replace your human capital with financial capital.

However, before you decide to go all-in, you should know that small business investing can be a huge time commitment. This is why Tucker Max gave up on angel investing and why he thinks most people shouldn’t even start. Max’s argument is quite clear—if you want access to the best angel investments with big, outsized returns, then you have to be

For example, after having a discussion about the FIRE movement online, a man named Terrence (not his real name) reached out to me on Twitter to describe his experience as a FIRE nomad. Terrence had retired two years earlier and was now traveling the world and living out of Airbnbs for one to three months at a time. Though his lifestyle would be

Buying extra time Paying upfront (e.g., all-inclusive vacations) Spending on others