double-your-money

Gifting an Inheritance at Birth

In my article Building Generational Wealth I discussed how I plan to contribute $16,000 to my grandchildren at birth in order to give them a huge jump start on wealth building.  Using the rule of 72 and an assumed 8% annualized return,  $16,000 will become $74,000 at 20, $161,000 at …

Net Worth Q1 2017

Quarter 1 2017 Financial Update

I’m making a few changes to the format and data in these quarterly wrap ups.  On the income side of the equation I am removing the total of our income and only publishing the savings rate.  Our household income is between $60,000 and $90,000, but it seems like the more …

Building Generational Wealth2

Building Generational Wealth

I want my children, my grandchildren and my great grandchildren to be financially successful.  I want them to be wealthy.  I also want them to be smart, hard working, and kind.  I want them to have enough resources that their predominate goal in life isn’t the accumulation of assets.  I …

red-hat-logo

A Lesson In Buy And Hold

Buy and hold is perhaps one of the best investing lessons there is.  The idea is simple.  buy stock often and hold on to it forever. Don’t look at daily or weekly stock charts, and don’t try to jump into the next hot stock every 5 minutes.  When I first …