WHAT IS THIS:
This blog is composed of 1) interviews with people about how money plays a factor in their lives and 2) my own musings about financial matters.
Comments are welcome but any ones that are malicious, needlessly negative, or don’t contribute to a positive learning environment will be deleted.
WHO AM I:
My name is Star Li, and I like to write and talk about money.
SOME PIECES OF ADVICE:
1) Save and invest as much as you can, as soon as you can. Compound interest is a real thing.
2) First, take advantage of any employer sponsored retirement plans (or SEP-IRAs, if you're a freelancer). Second, if you have money left over, contribute to other investments (stocks, real estate, private equity, bitcoin, etc). Make sure your portfolio is well diversified.
3) Always have health insurance! And take care of your health. Health is wealth.
4) Carefully read and understand any contract before signing it.
5) If you get married, consider getting a prenup. Make sure you get it done right and hire an experienced family lawyer to write it. Even if you don't get one, have a honest conversation about the major issues in life (finance, kids, aging parents, health, etc) with your partner and hopefully you will be somewhat on the same page.
Life is truly unpredictable and one of the most important lessons I've learned over time (and one of the hardest) is that nothing is forever. But if you have money, that metaphorical war chest will always help you stand on your own two feet.
AN IMPORTANT DISCLAIMER:
While the collection of stories I present are hopefully interesting and insightful, please do not make financial decisions based on what you read. Unless explicitly noted, none of the people I talk to are financial experts so take everything that is written with a grain of salt. It is also important to note that I am not a financial professional so take even what I say with a grain of salt.
CONTACT ME:
If you are interested in being featured, please send an email to [email protected]
I look forward to hearing from you!
This blog is composed of 1) interviews with people about how money plays a factor in their lives and 2) my own musings about financial matters.
Comments are welcome but any ones that are malicious, needlessly negative, or don’t contribute to a positive learning environment will be deleted.
WHO AM I:
My name is Star Li, and I like to write and talk about money.
SOME PIECES OF ADVICE:
1) Save and invest as much as you can, as soon as you can. Compound interest is a real thing.
2) First, take advantage of any employer sponsored retirement plans (or SEP-IRAs, if you're a freelancer). Second, if you have money left over, contribute to other investments (stocks, real estate, private equity, bitcoin, etc). Make sure your portfolio is well diversified.
3) Always have health insurance! And take care of your health. Health is wealth.
4) Carefully read and understand any contract before signing it.
5) If you get married, consider getting a prenup. Make sure you get it done right and hire an experienced family lawyer to write it. Even if you don't get one, have a honest conversation about the major issues in life (finance, kids, aging parents, health, etc) with your partner and hopefully you will be somewhat on the same page.
Life is truly unpredictable and one of the most important lessons I've learned over time (and one of the hardest) is that nothing is forever. But if you have money, that metaphorical war chest will always help you stand on your own two feet.
AN IMPORTANT DISCLAIMER:
While the collection of stories I present are hopefully interesting and insightful, please do not make financial decisions based on what you read. Unless explicitly noted, none of the people I talk to are financial experts so take everything that is written with a grain of salt. It is also important to note that I am not a financial professional so take even what I say with a grain of salt.
CONTACT ME:
If you are interested in being featured, please send an email to [email protected]
I look forward to hearing from you!
A Star Li Production; Copyright © 2024