Blog Posts

Let’s Go Exploring! Chichen Itza: The Scariest Place in Mexico

Pop quiz: If you were captain of the basketball team and your team won the season, you should: a) Get a butt load of money because you kick ass. b) Get promoted because you kick ass. c) Get beheaded because you kick ass. If you picked C, you’ve clearly been to Chichen Itza. But for those who haven’t, let me give you some background. Long before basketball was invented, the ancient Mayans played a game called “Pok-A-Tok”. It’s kind of a cross between soccer and basketball, except much MUCH harder (and scarier). Instead of nets, you have rings–made of SOLID […]

Investment Workshop 38: Currency Hedging

Hello again and welcome back to the Millennial Revolution Investment Workshop! New readers, please click here to start from the beginning. Today I would like to talk about something that a lot of our readers have asked us about: Currency Hedging. What is Currency Hedging? Well, as you know, the investment style that allowed us to retire in our 30’s and the one we advocate for in this workshop is to build a passive, Index-hugging portfolio made of low-cost ETFs. Generally, it’s easy to explain. Buy the index, lower fees. Gotcha. And when you invest in the index of your […]

The True Value of Money

“Wait, why are you taking a cab again when the subway’s right there?” My friend shrugs. “It’s faster. Time is money, right?” Sigh. OK, let me just stop right here. People LOVE throwing around the phrase “Time is money,” usually right before they make a stupid wasteful purchase because they mistakenly believe that phrase is something that gives them an excuse to spend on convenience. If a $20 cab ride saves me an hour on the subway, well my time is obviously worth $20, so go for it! But that’s not what “Time is money” means. Unless your last name […]

Reader Case: Do Higher Returns or Higher Savings Help You Retire Faster?

Hello from Poland! I gotta tell you, it’s pretty jarring to be back in Europe after hoping around in South East Asia, Mexico, and Central America. After being spoiled by ridiculously low prices and letting my budgeting muscles atrophy, I wasn’t sure I was ready to give them a work out again. As it turns out, I had nothing to worry about. Because as soon as I got off the plane, I was reminded of one of my favourite things about Europe. How fast, easy, and cheap it is to hop around countries! And as it turns out, I didn’t […]

Investment Workshop 37: HISA-Hopping

Hello again and welcome back to the Millennial Revolution Investment Workshop! New readers, please click here to start from the beginning. A reader emailed us the other day asking “Can you write about emergency funds?” Us: “Emergency funds? What’s there to say about that, other than to have one?” “No, I mean, what do we do with them? Do we put them in a CD, or a GIC, or a checking account?” Us: “What are you talking about? Just HISA-Hop!” …confused silence. And that’s when we had one of those lightbulb moments. HISA-Hopping is something we started doing nearly 10 […]

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