When you contribute to your 401K, your IRA, or just buying individual stocks through your brokerage, have you ever wondered where the money went? Most people incorrectly assume that the money goes to the company. So for example, if you buy $1000 of apple stock, the $1000 goes to Apple. Well, this isn’t typically the […]
Not grasping this concept will set in stone, a lifetime of financial struggle, for you and your loved ones. Especially because not considering opportunity costs has a cumulative negative effect on your finances. The way that people usually think, when it comes to spending money, is strictly from an accounting standpoint. Not an opportunity cost […]
I want to make a case that owning a home is far better than renting. Especially if you’re living in the USA. Related: Tips on Buying a House The latest survey, from the Federal Reserve’s Survey of Consumer Finances, revealed that a homeowner’s net worth is 36x greater than that of a renter ($194,500 vs. […]
Building and maintaining a stream of passive income is the only way you can escape the rat race for good. So what is this elusive thing called passive income? Is there really such a thing? How does it work, and is it reserved only for the select few that are wealthy? I want to emphatically […]
Buying a home. Now, I want to start by saying that I’m not going to touch on whether or not buying or renting is the right choice for you. Both have some solid pros and cons, and so everyone’s situation will be different. I’ll visit the pros and cons on a future post. Today, I […]
Timothy S. Kim
Entrepreneur, Coach, & Investor
Welcome to my blog! My goal is to share what I know about money, career, and fitness. I don't profess to know everything; but learning, and continued progress, is a life-long journey. So follow along with me and I'll share some nuggets of info I come across along the way.
Thanks for stopping by!