Categories
Money Writing

I’ll Never Make a Living from My Writing

“The writer and his destiny” by Kiril Katsarov

This month will mark the seventh anniversary of the release of my first — and still highest-selling — book.

It was a niche book and it made some minor waves in that space, to the point where it even climbed all the way to #2 in that category on Amazon. It didn’t stay there long, however, and my name never cracked the “Wealthiest Writers” listicles.

It never will.

Categories
Life Money

Is Enough Ever Enough?

1_S-s2FCUiSocju7WDK54ruA

Let’s talk about money.

Most of us have some sort of financial concern. Some estimates show that nearly 80% of Americans live paycheck to paycheck and 61% can’t cover a $1,000 emergency. Wages have stagnated, but the cost of everything else has continued to rise meaning that purchasing power hasn’t really moved in four decades.

It takes an annual income of one-third of a million dollars to buy a home in San Francisco, which is fascinating considering the median household income there is about $83,000. It’s not just the coasts, either. Real median household income in New York City is just under $51,000 but in the entire country it’s $59,000. Considering how expensive everything — housing, food, transportation — is, that’s not very much.

Have you ever felt like if you had just a little bit more money it would make an enormous difference? The problem with that thought — one that I’ve had many times — is that the goalposts continue to move.

Categories
Life Money Work

Time vs. Money

02

Virtually everyone has heard the old adage that “time is money,” but how many really analyze what it means?

The truth is that time and money are inversely proportional — the more you have of one, the less you have of the other.

Categories
Lessons Life Money

A Story of How My 401(k) was Lost, then Doubled, then Negative – all in a Week [Updated]

burning-dollar

Most financial advisors tell you that when you leave a job, don’t forget to take your 401(k) with you.

Categories
Life Money

If I Had Been a Millionaire at 18, I’d Be Broke or Dead (or Both) By Now

howard-hughes-featured-image

In his new book, Ego is the Enemy, Ryan Holiday recounts the story of Howard Hughes, Jr. inheriting his father’s company at the age of 18.

Categories
Money

The Unrealistic Myopia of Personal Finance Experts

50centbroke

I read a lot and I think about money a lot. So, naturally, I read a lot about money.

I’ve read all the experts. I’m well-versed in the Debt Snowball and the Latte Factor and the 50/20/30 rule.

And I think many of them are unrealistic.

Categories
Enjoying Life Life Money

My Biggest Fear? Retirement

My parents are living the retirement dream. I fear I’ll never be able to do the same.

Continue reading…