Reader Case : Need Help with my Tiger Mom!
Chinese parents believe that their kids owe them everything. –Amy Chua, Battle Hymn of the Tiger Mother If you’ve ever read Amy Chua’s Battle Hymn of a Tiger Mother, you’ll no doubt have heard of her claims of “Why Chinese Mothers are Superior” and why it is through her “Tiger Mother” teachings that her daughters managed to get so far in life. As a controversial best seller, it’s easy to see why this book is bifurcating. On one hand, you can’t help but be mesmerized by the extreme measures she goes to mould her kids into grizzled champions, like […]
Investment Workshop 51: Transfer-Palooza In Progress
Hello again and welcome back to the Millennial Revolution Investment Workshop! New readers, please click here to start from the beginning. Hi everyone! Just wanted to provide an update as to what’s going on. Last week, we decided to transfer our workshop portfolios from TD Ameritrade to Vanguard because of the recent changes they’ve made to their fee schedule. Basically, they removed the low-cost Index ETFs we were using to invest from their commission-free ETF list, meaning that the sweet sweet zero-cost investing we’ve been doing is going away. Note: After an outcry from not just us but EVERYONE, TD […]
Guest Interview: Life and Money Lessons I Learned from Jail
If you were sentenced to prison for 10 years for “Reckless Homicide By Delivery of a Controlled Substance”, what lesson would you learn from it? 1) Don’t do drugs. It’ll ruin your life. 2) Why did this happen to me? Life isn’t fair. 3) I can use my story to save someone else’s life. For Billy B. from Wealth Well Done, it’s #3. Back in 2002, Billy was a 21-year-old college dude who loved to party. One night he brought some drugs to a party, got high, and then went home to sleep it off. The next day, he called […]
Let’s Go Exploring! Costa Rica: The Good, the Bad, and the Terrible
Hot rivers are hot springs on steroids. Fast, furious, and so addictive it should be illegal. The very fact that they exist kind of boggles my mind. I mean, isn’t it cool enough that naturally hot pools of water exist? But entire RIVERS that heat themselves with the power of volcanoes? Wow. Props, Mother Nature. Props. You haven’t lived if you haven’t sat under a hot stream of river water, breathing in the steam, while letting the flowing water massage your back. This is what you will experience if you go to La Fortuna, Costa Rica. Oh and did I […]
Investment Workshop 50: Goodbye TD Ameritrade, Hello Vanguard!
Hello again and welcome back to the Millennial Revolution Investment Workshop! New readers, please click here to start from the beginning. Hi everyone! Wow, we are quickly coming up to the end of our 1-year Investment Workshop experiment. My, how time flies. Today we’ll be doing not just one but two big things: Our last buy of the year AND…completely switching over our brokerage account! Nothing too major. For those who don’t know, we’ve been using TD Ameritrade as our American trading platform because of their fairly extensive list of commission-free ETFs. We liked this setup since it allowed us […]