BoiledNotFried

Growing your net worth isn’t easy at the start but the good news is that it gets easier the more sources of income you generate, the less you depend on W2 income and know how to build cash flow in your sleep. How? Because you already have a system in place, habits that work, people

For those who’ve been living under a rock and no worries if you have been since Covid is a valid excuse, here’s a little refresh on exactly what the deal is with cryptocurrency which has risen six-fold in the last year due to extreme exuberance, overhyped(ness) and speculation which seems to be never ending like

Regardless of the industry you’re in or major you have, having a basic understanding of how to invest and what financial analysis involves doesn’t hurt especially since it can apply to your own portfolio. Below I’ve compiled a comprehensive guide on what I think everyone who wants to be ahead of 80% of the population

There’s no way out of money. No matter what you major in from architecture to the arts, you still need it and if you believe you don’t, then you will sadly die earlier than most and live a miserable life. But who says living with less or learning about finance needs to be painful? Sure

Most Americans solely rely on their earned income from their job to keep them afloat. I don’t know about you but if I only had 1 income even as a 20 year old, I would not be able to sleep at night. No way Jose! Not only 1 income is the riskiest path for anyone,

If the secret formula to success was 10 years of unwavering commitment and dedication, people would be much more willing to follow it. Yet since there’s no set time-line or guarantee, most get stuck, quit, blame others, their environment and family for their faults. What stops people isn’t their IQ, experience or expertise in a

Purchasing a home is at the top of the expense list and a staple of the classic American Dream. Behind buying a property, transportation, food and paying off debt are next in line as the largest expenses for a typical middle class family and are arguably 10x easier to deal with considering there’s no such

Options offer, well, a lot of options. They are the most dangerous part of the market. They involve the world of derivates and pure gambling. Those who believe they can only make money in a bull market are wrong. Not only you can loose big and it’s easier to do so due to an inflated

The best investment advice I’ve ever heard is to ‘buy the dip’. Only if people knew that wouldn’t investing be so easy? Well, not exactly. Most people don’t know you can still loose money in a bull market. In fact, most investors loose money while passive investors have historically beat out active investors as individual

Cash is a necessary asset that a company to any individual must have, rich or poor. It is the most liquid asset meaning it is able to be used to purchase anything you need right away. If you don’t have enough cash on hand, you are in a risky situation primarily because if you loose

If you’re fortunate to live in the United States, there are great things expected of you. No seriously, there’s a lot of pressure living here. You not only have the best chance of earning a top tier-income, you have the opportunity to create your own business, establish a brand for yourself and be your biggest

You would think too much of anything is not a problem except when it comes to taxes. At the moment, most of the wealthy have either fled to Florida and pretend they live there permanently in order to pay less in taxes for their NYC estate(s) or are panicking about Biden’s new tax law calling

In this gig economy, there are countless ways to make money yet most of them pay nothing and are hard to continue for long. Driving an Uber or delivering groceries for GrubHub is usually not sustainable and wastes a lot of upfront time and cost. From gas to parking, it can be a troublesome and

There’s never an end to money problems. It is at the crux of all our dilemmas in life. No money no problem right?  The only problem then is the economy would be dead and we would have more problems. Yet, having too much is as bad as having too little. One of the reasons so

The companies that have hit the coveted trillion-dollar market cap (multiply the total number of a company’s outstanding shares by the current market price of one share) are obviously well-known and it is guaranteed you have used at least one of their products today alone. You could argue it’s luck, timing, the founder, funding, their

I always wondered what it would feel like to live in a multi-million dollar mega-mansion. Luckily my dream, or at least my former dream came true! As an innocent gullible child only a few years back I thought living in a mansion would be a replica of Trump hotels with shiny golden toilets and 5th

Decades before I was born and in the early 2000s, those who mainly traded in the stock market were mostly white collar middle aged men who went to prestigious business schools thrown into the stock market by their dad and grandfathers and head of the household as the main breadwinners. Although today the average American

The term, ‘drop’ has a different meaning to different investors. Some interpret it as no big deal and let the markets recover on their own time and most panic sell and loose the most. If you’re a long haul investor, a drop could mean a correction of 10–20% every few years or to a day

We all know it’s much easier to spend than save money. We tend to disregard small purchases such as that $7 daily latte we continue to grab from the local coffee shop a few days a week to keep some sort of rhythm in this new normal or drive in circles just for fun while

Some say being wealthy is a feeling but most agree it is a certain amount in the bank. Whichever definition you believe, you might not actually know what you are worth. Due to inflation fears starting to hover around 2% when life gets back to normal and the Fed planning to announce interest rate hikes

When one thinks of stock picking, it is usually individually based in terms of active investing. The point of active investing is to beat and time the market to earn above average returns. Unfortunately, this rarely happens and as we’ve witnessed in January of 2021 with the Reddit meme stock saga, no one could’ve predicted

It seems obvious that cooking at home provides a multitude of benefits such as eating healthier foods with less additives and fake nutrients along with lowering the cost of food by buying in bulk. But overtime, have you ever considered what this does to your bank account and waist? Surprisingly the negatives for eating in

Ever dreamed of retiring at 25? I don’t know about you but that seems like a sad and boring life just relaxing all day. No seriously. Having nothing to do just at the peak of your career? In my opinion, you should retire when you feel fulfilled, have no more regrets, know you tried your

Eventually at one point, none of us will be here anymore. It’s hard to imagine and wrap our heads around, but what if I told you the most important step towards financial freedom, security and mental sanity is to prepare for death? What if you get hit by a bus tomorrow? Not a question you

Believe it or not, the number one way to earn $1m isn’t through stocks. It’s through alternative investments in and out of the market. But before we get into the weeds of what these investments entail, let’s understand why stocks are the most common and easiest choices amongst new and old investors. Since 1926, stocks

Myth: You need money to make money. As hard as this is to believe, you really don’t need much. But what you do need is a willingness to learn, be patient and be 100% comfortable with making mistakes. The first time I started trading was back in my middle school economic’s class. I don’t remember

Luckily, one’s net worth (total amount of assets – debt) tends to increase with age. Yet that also means rising living costs and inflation (decline of purchasing power of money) comes crashing in during periods of economic stability and low unemployment, a phase of the economic cycle we will endure in the new few months

Yesterday I went through my economics textbook from senior year of high school. It’s been almost 3 years since I’ve opened that dusty ton of bricks. I bet the textbook wasn’t revised especially since it was written in 1982, before the housing crisis in ’08 and many global events of the 80’s most notably including:

There are certain stigmas that are holding people back from building the life they’ve always dreamed of. Whether you like it or not, money is involved in almost every part of your life. It dictates what you do, who you are with, where you live, how you behave, what you own and parts of your

Although I promote financial literacy as a frugal minimalist stealth wealth teen, here and there I like to splurge. Yes, I’m human too. No one is perfect and you deserve to buy what you need and sometimes want, without reason. I don’t completely condemn this dangerous behavior but once in a while, especially during a

The debate between real estate and stocks has been looming around in the financial world since home buying became popular and known as an investment in the early 2000’s. Flipping houses really took off during this time and also lead to the massive pricing bubble. Yet, eventually all good things come to an end and

Coffee is a conflated conundrum. What a mouthful! Now I need a sip. It’s been a delicacy, image of elegance, luxury and classiness for centuries and is part of every day routines, including peasants, millionaires, and I’m sure billionaires. Globally there are over 1 billion coffee drinkers and about 2 billion coffees are served per

April 15th is tax day. Yay? Since we have a variety of readers spanning multiple generations from GenZers to Baby Boomers, hi grandma:), we can all use a refresher on tax policies especially since this year is going to be even tougher for many filers. Taxes aren’t more complicated because Biden is in the White

Owning a public company and being a founder at a startup are two different ball parks. Not just in terms of revenue, size, licenses, shareholders, taxes, LLCs, location, and people, there’s something deeper that both focus on at different scales. If you want to learn if a company or startup is the best career choice,

In this day in age, the debate between finishing college or just dropping out to build luck and rapport without a degree is a question looming over millions of students minds and is becoming an increasingly more vital decision to consider. Since 1989, people under the age of 40 have seen their share of the

Most of our personality comes from our parents. These are specific traits that are passed down from generation to generation that are hard to notice in ourselves, but innately obvious when someone outside of your family sees you side by side with your parents. The way we grow up, the lessons we learn, the activities