Tag: Ideas

Everything You Need to Know About Investing During COVID-19

The last few months have tested the mettle of even the most experienced investors. Since the market began its free-fall since March 1st, all of the major U.S. stock indices have fallen firmly into bear market territory, losing about 30% each. Unemployment applications are at a record high. Air travel

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The Most Effective Way to Learn a Foreign Language

Today, I am fluent in Mandarin and Portuguese, and high conversational in Spanish. I am in the process of learning language #5, Russian. Being fluent in 3 languages and conversational in 2 is not an easy process. I practiced every day. It took hundreds of hours of Duolingo, Quizlet flashcards,

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What is the Secret to Success…? Five Years of Perseverance

If you do something consistently for 5 years, you will achieve results beyond your expectations. Don’t quit before giving your effort a chance to produce amazing results. 5 years comes from my experience working in finance from 2015-2020. After 5 years, I believe I finally have a good grasp of

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Making Money Off of Arbitrage Opportunities

Arbitrage is when you take advantage of price differences between two or more assets, and then profiting until the price difference disappears. Recognizing when and where to take advantage of these kinks will be one of the greatest catalysts towards financial freedom. For example, I realized a few months ago

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Tips for Cleaning Your Home to Improve Focus

Three days out of the week – Friday, Saturday, and Sunday – I work out of my apartment. Despite the amount of time I spend there on a daily basis, I never figured out how to make my house a home. The more focused I was on my professional work;

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The Abundance vs. Poverty Mindset

I had previously written a post about being poor. A few years of working in finance, saving money, and building multiple side businesses, I hope to hit the $1 million net worth goal by the age of 30. This isn’t necessarily rich, but I should have a higher net worth

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How the Next Recession Will Impact Millennials

Recessions are never a good time for anyone. A stagnant economy means financial, emotional, and physical-health consequences for everyone, from Baby boomers to Gen Z. However, the next recession stands to hit Millennials particularly hard. Millennials were bloodied in the last downturn, struggled in the recovery, and are now left

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How to Pay of $8,000 of Credit Card Debt in 4 Months

The worst type of debt is consumer debt. If you keep a revolving balance on your credit card, you will likely stay poor forever because of the egregiously high interest rates. When I started my career in 2015, I bought things that I really did not need: a leather jacket

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Buying a Home Before the 2020 Recession

I have an offer on my apartment in Chicago. On the one hand, I was pumped when someone was willing to pay 20% more than what I bought it for in 2015. On the other hand, my goal was to raise a family there with my future spouse. But the

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How to Follow Through on Your 2020 New Year’s Resolutions

Every time January 1st comes around, millions of people set New Year’s Resolutions. However, by the time February begins, ½ of them have abandoned every single one. By March, the number is 80%. If 80% of people cannot stick with it for two months, something must be wrong with the

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Ways to Use Debt to Build Wealth

First of all, debt is a tool of financial management. It adds financial risk because of interest and principal payments you make to the lender. However, not all debt is harmful. Sometimes, it can improve your financial situation. A simple litmus test can be applied to whether you should take

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Even More Travel Hacks!

Previously, I wrote a comprehensive list of travel hacks which you can see here: Part 1 and Part 2. However, we have rounded up even more travel hacks to help you travel! Booking (1)  When booking flights and hotels, enable private browsing mode. Travel sites track visitors using cookies and

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Most Useful Travel Hacks: Part 2

Over the last year, I traveled to seven different countries. That being said, I learned some interesting ways to be headache-free while traveling abroad. You can see hacks 1-6 in the prior post. In this post, I will be talking about hacks 7-15. 7. It is OK to Recycle Your

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Most Useful Travel Hacks: Part 1

Over the last year, I traveled to seven different countries and tried to be as minimal as possible. I learned some very interesting ways to be efficient while traveling abroad, which I will share below in no particular order. 1.  Have Jet Lag? Use Melatonin The first topic that comes

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