What is Stealth Wealth? Stealth wealth is defined by being rich but not letting the world know about it. This financial strategy is how most millionaires are able to blend into society. Keeping our wealth a secret allows us to enjoy work, travel, play, and financial security without attracting unwanted attention to ourselves. So stealth wealth, is good wealth 😎 Obtaining… Read More »
July was an amazing month for stocks 😀 The S&P 500 index which contains many US stocks I own has climbed higher than 1,700 for the first time evar! My gut feeling tells me the market is fully priced right now so I’m not going to buy any new stocks for the next month and just focus on… Read More »
Last year I wrote a post about the power of having multiple income streams. I advocated for the compound income phenomenon, which I think is very important for building wealth. If you’re not familiar with that article I recommend reading it first. So far using multiple incomes have continuously benefited my personal finances so I’m pretty confident about this theory 😉… Read More »
Recently read in the news that the average Canadian household now has a net worth of $400,151 CAD, a record high. Yay, time to partay＼(~o~)／ This is great news because more money translates into better purchasing power so buying goods and services become more affordable, relatively speaking. I didn’t know exactly why my net worth has been going up… Read More »
The Pew Research Center released an interesting study recently. They looked at the change in average net worth in the US during the economic recovery from 2009 to 2011 and found out that despite America’s households growing their net worth by 14% during this time, the vast majority of Americans actually saw declines to their wealth. This is… Read More »
Read an article in the Globe that paints a pretty clear picture of who the richest 1% are. In order to join this elite club an individual has to make more than $230,000 a year. Sounds like a lot, but it’s still lower than what’s needed in the United States which is $380,000. Before we criticize these greedy pigs let’s take… Read More »