By Eric It is with a heavy heart that I announce that Patrick and I will be stepping away from continuing to contribute to Thriving Millionaires for the foreseeable future. There are reasons why we landed at this decision, but before we get to those, I first want to thank you for being a part … More Farewell Post
By Eric Saving money is hard. If it was easy, everyone could do it. We wouldn’t have the consumer debt crisis we have. We wouldn’t be struggling with financial literacy. We probably wouldn’t have Thriving Millionaires. But the fact is, it isn’t easy. Because it isn’t easy, it’s important to figure out a system to … More Automating Savings
By Patrick Recently, my wife and I refinanced our house. While this will be a future post, I would like to provide some context as to why we made this decision. The first reason was that I purchased the house prior to getting married. To consolidate our major financial assets, it was important that both … More My Experience with Rocket Mortgage by Quicken Loans
By Eric We’ve talked about diversification here before, and diversification is the lens through which I make the assertion that you shouldn’t (overly) invest in the company you work for. This claim generally is met with resistance and hesitation by most people I’ve talked to about it. Many of us, when we start with a … More Why You Shouldn’t Invest Significantly in the Company You Work For
By Patrick Today, I’d like to do something different and talk about my experience with a riding lawnmower. Some of you may think I’m crazy for talking about this, but I think my last two years and experience with my tractor has taught me some valuable lessons (or at least demonstrated how effective certain principles … More A Story About a Riding Lawnmower
By Eric First, let’s get my bias out in the open because I think it’s important for you to understand where I am coming from relative to this topic. I am a big fan of ETFs. The majority of my personal portfolio is held in ETFs, and that percentage is ever-increasing after I learned more … More The Case for Investing in ETFs
By Patrick Investing is one of those activities that makes one sound older and wiser. Why is that? Oftentimes, those who talk about investing are the ones who have done well at it. I think many people in their twenties miss the boat on investing at a young age and taking advantage of compound interest. … More The Case for Investing in Individual Stocks
By Eric So you understand that planning without goals is folly. That’s a great first step. The next step then, is to figure out what those goals should be. The problem becomes that those goals can often seem out of reach. For example – you are engaged and planning to get married, and you believe … More Breaking Down Big Goals
By Patrick Cooking at home is one of those habitual activities that comes with a whole host of tangible benefits. I think we’re all familiar with stories talking about “Grandmas home cooking” or “Mom’s secret recipe.” These expressions are used so often because there is an incredible importance to meals cooked and eaten at home. … More The Benefits of Cooking at Home
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