Posts tagged Wealth Management
Are credit cards a trap? | Briefing v5.0

“Don’t take out a credit card no matter what.” “Credit cards are a trap.” “If you get a credit card you’ll fall into debt.” We’ve heard all of the above since adolescence, even more surprisingly from the mouths of people in authority who should know better.  But is it fair to oversimplify and demonize a financial instrument with not only valuable utility, but also exclusive financial incentives?

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Investing isn't only for the rich | Briefing v4.0

One of the biggest causes is the misconception that investing is only for already-wealthy people. It’s no secret that money begets money, and the more capital one has, the more opportunities are available, and the easier it is to net proportionately higher returns. However, that doesn’t mean investing with a smaller sum or modest monthly contributions still isn’t lucrative over time. The crucial point to keep in mind is investing is a …

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Why you should focus on earning more, not spending less | Briefing v3.0

Frugality has become a popular SEO buzzword in recent years, and for good reason. Financial discipline is critically important to preparing for your future and maintaining a sustainable lifestyle, while still enjoying life. The old saying goes, “spend less, save more.” However, we at MRP want to slightly modify this saying to, “earn more, invest more.” It goes without saying that …

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Briefing v2.0 | What FIRE gets WRONG about retiring off index funds

One of the safest, most effective investing-based retirement strategies is investing a large sum of money in index funds. This strategy is safe, effective, time-tested and highly touted by the FIRE community and some of its more voracious proponents. While we at MRP agree it is a good strategy, I want to analyze one enormous flaw with this strategy that is often not even mentioned:

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Briefing v1.0 | Welcome

Let’s start off with a few inferences.

I don’t know how you found us. I don’t know where you’ve been. I don’t know what your life is like or has been like up to this point, and I don’t know where you’re going or who you’ll spend it with (or without).

What I presume, and these are not certainties but rather a core of beliefs, is that in all likelihood, you want the following:

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