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Blogger Profile


The Money Wizard

Blog Info

Name:
My Money Wizard
Category:
Millennial
Tags:
Frugality/Saving, Early Retirement/FIRE
Start Year:
2016

Blogger Bio

Net worth:
Location:
Minneapolis, Minnesota, United States
Age:
20s
Race:
White
Gender:
Male
Life stage:
SINK (Single Income, No Kids)
Profession:
Financial Analyst

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Latest Blog Posts

*Content Warning* This post will dive into some deep economic discussion about some confusing topics. I will do my best to make sense of an extremely complicated subject matter. A subject which is made even more difficult by endless crackpots on both sides spreading misinformation, and shouting their opinion as fact. I will attempt to weed through the mess and present what I believe is the truth of the matter. I ...
Posted: Jul 17 2017 @ 9:45 AM
Step too far outside the realm of Money Wizards, and you’re bound to hear plenty of “alternative facts” about how much money you need to retire. The unfortunate truth is that most of this misinformation simply comes from people still stuck in an early stage of retirement planning. The even more unfortunate truth is that most people will never break through these early stages. And the most unfortunate truth is that because ...
Posted: Jul 13 2017 @ 8:00 AM
The biggest news in the Money Wizard corner of the internet remains the viral spread of my strategy to stop wasting money. Framing your spending in terms of time spent, not pieces of paper, apparently makes for a pretty catchy story. The story was first written by Business Insider, who approached me about doing a piece on the psychology of saving. From there, the story was picked up by Yahoo Finance, and ...
Posted: Jul 10 2017 @ 8:45 AM
Welcome to the June 2017 Net Worth Report! June was a whirlwind of a month for this site. Not only did I continue pounding at the keyboard during all the spare moments I could find, but this little blog made it’s second appearance on the front page of Yahoo.com. Last time this happened, I joked at this little site getting featured next to President Trump. This time, MyMoneyWizard.com was featured above President ...
Posted: Jul 03 2017 @ 8:45 AM
Welcome to Round 4 of our monthly Link-O-Rama tradition! Every month, I’ll share my favorite reads from around the web. These articles will be perfect for fellow millennials seeking financial independence. Most will revolve around investing, saving money, and early retirement, however, I do reserve the right to occasionally throw in a completely random but entertaining read. Man Buys $1,000 Stock that Grew to $2 million, and Gives it All to Wildlife This 98 year old ...
Posted: Jun 29 2017 @ 8:45 AM
Now if that clickbait didn’t get you to read the article, I don’t know what will. Hear me out though, because this one delivers the passive income goods. It’s just not what most people expect. After all, a lot is made of passive income. According to any hopeful investor or retiree, it’s the holy grail of the investment world. If you’re an entrepreneur, you’re hoping to build up enough passive income to make ...
Posted: Jun 26 2017 @ 8:45 AM
I’ve been more than a little critical of home ownership before. But I also believe in the importance of knowing our biases, and hearing both sides. So here today, in the interest of expanding my mind, I’ll play devil’s advocate… with myself… by presenting the most legit reasons to buy a home. I’m taking real, actual, logically sound reasons for buying a home. Not the fake myths you’re used to hearing from realtors, ...
Posted: Jun 22 2017 @ 8:45 AM
Fact: most people budget backwards. We use our paycheck to make everybody else richer, then wonder what happened to our once sizable salary. My latest post over at InvestmentZen covers how to flip that backwards budget right side up. I share the best saving’s hack to short circuit your brain’s flaws, plus specific strategies you can use to create an automatic wealth building machine. Check it out over at InvestmentZen.com: How to Manage Your Money by ...
Posted: Jun 19 2017 @ 7:45 AM
You know what sucks? The pang in your stomach the moment you realize you forgot to do something really, really important. That queasy sensation replicated only from finding the biggest, scariest roller coaster around, cresting the top of the hill, and having the floor completely drop out from underneath you. Freefall, right into the terrifying realization which can only mean one thing: You’re screwed. I had this realization last month, right in the middle ...
Posted: Jun 12 2017 @ 8:45 AM
$100 Billion Dollars spent by Americans each year on shoes, jewelry, and watches. $99 Billion Dollars spent by Americans each year on higher education. 93% Of teenage girls who rank shopping as their favorite pastime. 30 Outfits owned by the average American woman in 2015. 9 Outfits owned by the average American woman in 1930. 70% Increase in menswear sales since 1998, contributing to men’s clothing becoming the fastest growing online sales category in the ...
Posted: Jun 09 2017 @ 7:45 AM

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