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 …