I’ve seen too many content creators on Facebook asking questions like, “How do I make my content go viral?”
This question assumes that the content creator is solely responsible for crafting content so that it becomes viral.
When this doesn’t happen, the content creator becomes frustrated that they “aren’t getting it” and either quit or invests hundreds or thousands of dollars in courses in a futile effort to find that elusive “viral formula.”
The serious flaw in this assumption is that it completely disregards external factors’ role in determining whether or not content can go viral.
I discovered three crucial…
1. Personal Finance
3. Public Policy
I predominantly write personal finance articles on Medium. My three best-performing articles are related to tips, tricks, and frameworks for increasing personal wealth.
I have also dabbled in other areas including discussing the freelancing life, public policy-related writing, and even satire.
My personal finance mantra is described in eight words:
Earn more than you spend, invest the savings
I organise my personal finance articles around three topics: (i) increasing earnings, (ii) optimising spending, and (iii) investing. …
Freelancing sometimes feels like cycling between feast and famine. Although I have enough clients to bill regularly to keep the lights on, I still appreciate having side hustles around as an additional income source for savings and investments.
I believe in a simple mantra to build wealth.
Earn more than you spend, invest the savings.
I’m a full-time writer. I’ve been extremely fortunate in the past few years to have enough work to pay the bills. So, I keep my spending low and limited to my primary source of income.
My side hustle income goes entirely to savings. …
One rule of thumb to evaluate how much you need to retire works something like this:
Estimate how much you need to spend in your first year after retirement. Multiply that number by 25.
However, this approach can be intimidating. The net worth you will need to retire, even for a modest degree of post-retirement spending, quickly reaches a million dollars or more.
But, as this article shows, the assumptions used in this common rule of thumb might not be realistic for everyone looking towards retirement.
Instead, by observing how most average households behave post-retirement, the common rule-of-thumb might be…
The title reads like clickbait but, I promise you, you can 10X your savings in 2022. To achieve this, you will need to develop only four healthy money habits in 2021.
But, before we get into these financial resolutions for 2021, allow me to make a short diversion into some arithmetic to convince you that it is possible to 10X your savings.
Savings = Earnings — Expenses
Because savings is influenced both by the amount of earnings and expenses, small earnings increases, and small expense decreases can combine to have an outsized impact on your savings.
Using this equation, if…
There are many motivating reasons to become a digital nomad; a strong desire to explore the world, free of the restrictions of a traditional 9–5 corporate job and financial freedom. Yet, unsurprisingly, many remote workers are concerned that their unconventional working arrangements may impact their earnings negatively.
As a result, “financial freedom” and related notions like having multiple income streams and passive income are very prevalent.
However, the word “freedom” can be confusing, especially when the debate over the subject fails to distinguish between “lifestyle freedom,” which refers to the freedom to work wherever and whenever you want, and “financial…
You’ve probably seen a lot of articles about Medium’s $500 monthly bonus for its “top 1,000” writers by this time.
The fact that Medium now gives bonuses to its “top 2,000” writers is less well-publicised. In May, Medium awarded $100 to the 1,001st to 1,500th writers and $50 going to the 1,501st to 2,000th writers.
The bonus appeared to be a “one-time” incentive in April, but by awarding another bonus in May, Medium appears to be exploring making the monthly incentive a recurring payment scheme.
After thinking about the incentive payment some more, I realised that a recurring bonus scheme…
In a previous article, I discussed the six types of stocks that famed mutual fund manager Peter Lynch believes you should consider as an investor in his classic book “One Up on Wall Street.”
Recently, however, I’ve started considering meme stocks and how they fit within Peter Lynch’s six-category investment universe. I realised his universe was incomplete, but to his credit, One Up on Wall Street was written in 1989, back when meme stocks were unheard of. So, I don’t think we can blame Peter Lynch for this oversight.
I realised meme stocks behave so differently from Peter Lynch’s stocks…
Since I turned my focus from investment to personal finance, I’ve seen how much bloggers and YouTubers create content about “passive income.” It’s gotten to the point where I’ve unsubscribed from YouTubers and newsletters that promote passive income too much.
On paper, passive income seems appealing, which is why I believe content creators keep banging on about it. However, hearing people drone on and on about “passive income generation” is fine for a week or two, after which it becomes monotonous.
Even worse, an obsession with passive income can hold you back in life. Here’s why.
I thought Ben Le…
This article will probably piss off some people, but I don’t care. I feel this subject is important enough that I feel compelled to speak out about it.
Don’t fool yourself into believing that investing can be treated as a side hustle!
If you’re about to pull out your credit card to spend $497 on a forex/crypto/day-trading course for your investing side hustle, I’d advise you to put it back in your wallet. Don’t throw your money away.
Save yourself the trouble of paying $49 a month for an investment newsletter that claims to provide the latest, under-the-radar investing advice…