“If it’s too good to be true, then it probably is”. Sound familiar? This is generally true, especially when it comes to your finances. Hear me out though. You can earn a 100% return on your investments. How? You might…
Getting Unstuck
Are you feeling financially stuck? Do you live paycheck to check and feel like you’re never going to get ahead in life? Does paying bills seem like an endless cycle? Are you letting debt consume your life? Is it difficult…
Building Connections for Bigger Changes
I don’t want to be just some random guy on the Internet. I want my readers to know who I am. I want to build personal connections with my readers. So Who Is Trip at Financially Possible? I’m a…
Lack of Self Awareness and Thinking Ahead of Myself Was Costly
In part I of My Biggest Financial Mistake, I discussed how I missed a huge opportunity building wealth when I chose to pay off my mortgage as quickly as possible and neglected maximizing my 401(k) contributions. In this post, I…
My Biggest Financial Mistake (Part I)
Is Debt Inherently Evil? (I once thought so) I have a very strong aversion to debt. At times in my life, I would have even said that I hate debt. For me, “hate” is a very strong word. When I…
Analyzing the Real Performance of an Investment: Rate of Change, Dividends, and Inflation
Rate of Change When an investment moves up by 1% immediately following a 1% loss, an investor may be tempted to think that the investment is right back to its original position before those moves. Not so! It’s an inverse…
Eight Years Ago
Eight years ago today (October, 14th), my mother shared the following email with me: (If anyone knows the origin of the contents below, please let me know. I’d love to give credit to the source. It’s very creative writing.)…
A Drop in the Market Puts More Shares in Your Pocket
Two Theoretical Markets Which of these two markets would you rather be investing into consistently over long periods of time? Real world markets do not move in the manner displayed in the image above. In reality, they fluctuate. These two…
A Long Term View on Eliminating the National Debt
The Growth of Government The image above showed up on my personal Facebook account recently. The numbers are quite telling, educational, and amusing. However, I took the liberty to strikethrough a section of the text which I’ll explain later in…
What Good is a Financial Goal Without Doing Financial Planning?
The Background Recently (mid 2016) I became aware of the value of having a financial plan. For years, Nina and I set financial goals. Those goals were: Saving as much as possible with the target being at least 50%…