Considering Opportunity Cost
My goal in life is to be happy and money is one of many tools that allows me and my family to do the things that bring us happiness. I am going to go over some of the many things you can do today that will set you up for
optimization
Lifecycle Investing: Leveraged Passive Investing
As I was researching how you could use leverage with a passive investing strategy I found the book "Lifecycle Investing" Â by Ian Aryes and Barry Nalebuff. It details how using leverage can actually reduce your portfolio risk while improving your chance of retiring successfully. I read through it
Avoid minimum balances
Most big banks have fees but the reality is that many will waive those fees if you keep a minimum balance in the account, while this sounds like a deal you may be better off paying the fee!
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Get your tax refund early
Getting a big tax refund means you paid too much money to the government, these funds could have been in your investment account growing but weren’t. Big refunds can cost you 10's of thousands in the long run but thankfully there is a simple way you can
Reduce fees on index funds
"All-in-one" index funds (AIO) have become extremely popular recently as they make it dead simple to have a globally diversified portfolio that matches your needs for an affordable price. But for those interested in working a little bit you can save thousands or even tens of thousands of