Jim Wang

Lessons from a $69,425 Homeowners Insurance Claim

I explain what happened, how we responded (step by step what we did to fix everything), and then I round it up with some lessons learned, what we'd do differently, and how we would prepare for this better in the future. I hope you can find some value in our headache!

If You Want to Get Rich, You Better Do It Slowly

Slow and boring have their place. In fact, slow and boring are often some of the most reliable ways of doing anything. Whether you're building a house, growing your wealth, or just trying to get fitter - slow and steady wins the race.

How to Win at Gambling

To win at gambling you have to first understand your objective. If you are just there to have fun you'll want to maximize the enjoyment even if the math doesn't support it. If you are there to win, look for inefficiencies in the system and and edge.

What Is the Stepped-Up Basis Loophole?

The step-up basis loophole says that when assets are inherited the heir receives the asset at market value. If they sell the asset they will only pay capital gains on any growth that took place after they took ownership.

Is Robinhood Safe?

Robinhood receives its fair share of negative news headlines from platform outages to making high-risk trading too accessible to inexperienced investors.
But Robinhood is regulated and complies with all security and investing standards. But critics feel it makes it too easy for beginners to make investing mistakes.

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