What do an avalanche and compound interest have in common? The answer? They both use the power of momentum to grow. Compound interest is paid on your principle plus on the interest you have already earned. Once interest is added to your account, it starts earning interest itself. For example, let’s say you invest $10,000 … Continue reading Compound Interest
Category: Money Matters
The Joneses
Long before there was “Keeping up with the Kardashians” there was “Keeping up with the Joneses”. When did trying to impress others become so ingrained in us that it replaced the American dream? Let’s look back at its origin. The phrase comes from the 1913 comic strip "Keeping up with the Joneses", created by Arthur … Continue reading The Joneses
Cheap Healthy Living
The secret is out. Costa Rica was recently named the best place to retire for 2018 by International Living. Now with more people looking at moving to Costa Rica, here are some things you need to be aware of before you come over. The cost of living is not as cheap as you think, especially … Continue reading Cheap Healthy Living
Sticker Shock
Costa Rica is among the top 5 most expensive Latin American countries to live in and the highest in Central America. The Big Mac Index, published by The Economist, shows an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates … Continue reading Sticker Shock
Unchained Mindset
Today I had the opportunity to meet some amazing young black professional entrepreneurs who are living and thriving in Costa Rica. As we sat around the table exchanging our thoughts on living abroad I started to wonder why are others not doing this. I remember when we first shared with friends and family that we … Continue reading Unchained Mindset
Countdown to Retirement
(Repost April 14th, 2017) It's finally here... the moment we've been working towards for the past twenty years. Dare we say the "R" word - Retirement. Unlike most folks we have been looking forward to the day when we will never, ever have to work again. No, retirement for us doesn't mean sitting on the … Continue reading Countdown to Retirement
Top 10 Reasons for Early Retirement
(Repost April 19th, 2017) #10 – Never having to wake up to an alarm clock #9 – Never having to commute in traffic #8 – Never having to provide a status report #7 – Never having to sit in a meeting #6 – Never having to wear business attire #5 … Continue reading Top 10 Reasons for Early Retirement