It took a long time before I have adapted to the way I invest and I believe it will keep evolving. Back in 2010, I made my first investment following the advice of a book for dummies. It was my first book that I read which got me started on a path to become more financial literate. All I did…
Author: Pat Tan
Golden Butterfly Portfolio Adaptation
Discovering the Golden Butterfly The benefits of having the Golden Butterfly portfolio with respect to the COVID-19 pandemic or not. Variation of the Golden Butterfly following the same principles and how to adjust your portfolio. The golden butterfly is a derivation from the all weather portfolio popularized by Ray Dalio. I first encountered the term Golden Butterfly from a podcast…
Getting into a better financial state
Statistically, the biggest burden to our financial state is our mortgage and auto loans. If these two things weren’t a factor in our lives, we’ll be able to have much more than what we currently get, but because these two items are almost a necessity it is our biggest expense. In order to get into a better state financially, I’ve…
15 vs 30 year fixed mortgage
I have recently refinanced my home from a 15-year fixed mortgage with a 2.75% interest into a 30-year fixed mortgage at 3.375% interest. This may sound crazy, but because I will be disciplined in investing the difference in monthly payments, I will come out on top after the end of the mortgage, 30 years from now, assuming that the market…
This just in
The book below is on sale for only $2. Hurry and grab your Kindle copy.
Starting with Real Estate
I just started reading the book about real estate. This book is recommended by Grant Sabatier on his recent post “11 Best Fire (Financial Independence Retire Early) Books,” which was ranked as number 9, but highly praised by Grant as THE real estate book to have for beginners and coincedentally, this was also recommended by Paula Pantt’s Afford Anything community…
Stage 0
Being a kid, they almost don’t have to worry about anything. If they’re lucky, almost everything will be provided to them by their loving parents. They have no clue what their parents go through to be able to provide the things they need and occasionally the things they want. There isn’t much they can do with their situation until they…
2019 Gift Ideas for Financial Independence (FI)
These are great 2019 gift ideas for those wanting to spread the word for Financial Independence. Financial Freedom: A Proven Path to All the Money You Will Ever Need by Grant Sabatier This book is an eye-opener for someone who started with just barely a couple of dollars and to make that into $1-million. He shares the lessons he has…
Where to begin your financial journey
As I start this blog, the title was a question to myself about how to start this blog, but at the same time it’s a question that most people ponder when faced with some financial situation or even teaching their kids about money. My earliest memory using money was with coins used to purchase candy across our house. I didn’t…