Good Money Blog

Net Worth
Our net worth went up 1.5% (+$2,690).
Cash Savings
The stock market shows no sign of relief, so I’m not ready to dump more cash into the taxable trading account. However, I’m heavily considering paying extra to my mortgage since, at a minimum, the risk-free return is as good as the best 5-year CD rate today (~5.00% APY). The majority of our cash [...]

Net Worth
Our net worth was up 2.2% (+$3,682) as we spent within our budget and didn’t travel during the Independence Day weekend. We, however, enjoyed the free fireworks display in town.
Cash Savings
I understand that I should only put money I won’t need in 5 years in the stock market. As I’m pondering about my short-term goals (possible [...]

Net Worth
Despite the stock market performed poorly in June, thanks to the $1,200 economic stimulus payment, my net worth could still be up by 0.8% (+$1,316). 
Cash Savings
Admittedly, we have more cash than I’d like ($53K). I’m still considering to purchase some stocks, most of which are reaching the oversold territory, in my taxable portfolio (100% cash). As my [...]

Cash Savings
Currently, we have more cash than I’d like ($47K). We have $10K worth of I-Bonds bought at the end of April with a guaranteed interest rate of 4.28% until September. The majority of my cash is now sitting at high-yield savings accounts such as HSBC Direct (3.50% APY) and E*Trade Bank (3.15% APY). I’ve been planning to buy some stocks in my taxable [...]

Many wealth seekers say $1 million is no longer enough to be considered wealthy. Is $5 million really the new $1 million?
Everyone has own definition of “rich.” Let’s think about this, “rich” is a relative term, it means having more money than a defined group of people - our neighbors, co-workers, friends, etc. Ultimately, it really depends on who [...]

Saving is about common sense, resistance to temptation, and personal priorities. Have you done the right things?

Consumer Debt: It’s hard to find a good reason to support that it’s brilliant idea to carry any kinds of consumer debt with an APR of 10% or more. If you have one, you should ask yourself why there [...]