by Steve Cummings | Jan 18, 2021 | Financial Independence, Investing
After reading the book Rich Dad Poor Dad, most people come under the conclusion that owning assets is better than having liabilities. That is so true. “The rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” This is... 
by Steve Cummings | Jan 4, 2021 | Financial Independence, Saving
“Patience is a virtue” my father would always say to me. If you think about it, patience truly is a virtue. Oftentimes, we want things now. That is not the way the world works. Those that want instant gratification often end up on the wrong side of the stick. It is... 
by Steve Cummings | Dec 28, 2020 | Financial Independence, Investing
VTSAX is one of my favorite funds. It is simple, easy, and it has low expenses. This index fund tracks the Total Stock Market, and it is efficient. As everyone knows, new products come out all the time. Fidelity released a couple of Zero Funds. One in particular is... 
by Steve Cummings | Dec 21, 2020 | Financial Independence, Travel Hacking
Someone recently posted a comment on my blog asking, “Do you think it is a need to have a credit card even if I am not borrowing money?” That question helps me to reflect on things people have told me about credit cards, what I have learned about credit cards, and the... 
by Steve Cummings | Dec 14, 2020 | Financial Independence, Investing, Saving
Rich people think differently. They have a different mindset. A mindset for gaining assets instead of liabilities. They work hard on their goals that they set and continue to achieve them. Living paycheck to paycheck is not something they do. So why do rich people... 
by Steve Cummings | Nov 30, 2020 | Financial Independence, Investing, Saving
“The first $100K is a b*tch, but you got to do it”. Charlie Munger said this at a Berkshire Hathaway meeting. It truly is hard to get your first $100k. It takes saving, investing, and staying out of debt. Plus it is all about consistency. It took my wife... 
