Posts by David Baughier
Barbie and Ken’s Prenup Parable
Once upon a time, in the glamorous city of Hollywood, Barbie and Ken weren’t just the global toy sensations but also blockbuster movie stars. They both starred in a Hollywood film titled ‘Margot’s World’, where Barbie played the dazzling Margot, and Ken stole the show as the charismatic Ryan. The movie was a hit, and…
Read MoreESG Investing: Profits Without Sacrifice?
In the contemporary world of finance, Environmental, Social, and Governance (ESG) investing stands as a beacon of responsible investing. Its importance is gaining momentum, and its adoption is spreading far and wide. So, let’s get into the intricacies of ESG investing and explore its potential impact it can have on your portfolio as well a…
Read MoreScarcity Mindset: Your Invisible Adversary
In a world brimming with opportunities, our scarcity or abundance mindset significantly shapes how we navigate life. This article aims to clarify the scarcity mindset meaning, its implications, and outline a clear path to fostering an abundance mentality. Our objective is to move from scarcity to abundance, tapping into a mindset of abundance, and letting…
Read MoreHealth, Happiness, and Helping: The Triad of Well-Being
Yesterday, I found myself engrossed in a captivating conversation with my friend Kevin from Life In Fire. We discussed the idea of focusing on health and happiness to cultivate a more fulfilling life. Having both achieved financial independence, we now have the luxury to dedicate our time and resources to pursuits beyond a traditional job.…
Read MoreTarget Date Fund Pros and Cons: The Risks of Excessive Caution
When evaluating investment options that suit your specific financial circumstances and aspirations, it is crucial to consider Target Date Fund (TDFs) pros and cons. These funds have gained prominence in the realm of retirement planning due to their seemingly straightforward and hands-off approach. However, before making any decisions, it is essential to delve into the…
Read MoreAre Money Gifts Taxable? Understanding the Tax Implications of Monetary Gifts
In the realm of financial and personal transactions, a common question often looms large – are money gifts taxable? With the rising popularity of gifting as a means of transferring wealth, it is crucial to understand the intricate tapestry of tax regulations surrounding monetary gifts. This article aims to provide you with a clear understanding…
Read MoreSeparate Finances: Debunking Myths and Fostering Financial Autonomy in Relationships
Money plays a vital role in relationships, often influencing their quality and dynamics. While the traditional approach of merging finances has been widely adopted, there is a growing trend towards maintaining separate finances. In this article, we discuss the advantages and disadvantages of separate finances, explore its impact on relationships, provide practical advice on how…
Read MoreYour Perfect Day: Crafting an Ideal Life Filled with Passion and Fulfillment
Ever wondered what your perfect day would look like? Not just a vacation or a day off, but a regular day that leaves you feeling truly satisfied, fulfilled, and happy. Today, we delve into the art of crafting your ideal day, a blueprint that can guide your decisions and actions towards a life of contentment…
Read MoreHelp Your Kids Build Wealth and Become Millionaires by 40
Investing early for your children’s future is a powerful strategy to help your kids build wealth and pave the way for their financial success. The story of the Grey family serves as an inspiring blueprint for parents who aspire to create millionaire children through savvy investing. In this post, we will discuss strategies, benefits, and…
Read MoreHow to Invest in Art: Turn Masterworks into Master Profits
Do you know how to invest in art? Investing in art is an intriguing venture that offers a unique combination of aesthetic pleasure and financial potential. Just like stocks or real estate, art has the capacity to appreciate in value over time, making it an attractive option for savvy investors. In this article, we’ll explore…
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