Fake Rich is the condition of appearing wealthy while drowning in debt. Being Fake Rich is a dangerous choice, learn how to avoid it.
Success in Personal Finance comes from four pillars: spend less than you make, have emergency savings, diverse investments, and rebalance.
Becoming financially independent takes discipline, determination, and a lot of hard work. Adding unnecessary complexity doesn't help.
Don't waste time and energy on things that create an illusion of financial progress. Instead, make slow and steady steps toward wealth. One step at a time.
Ignore economic forecasts. Instead: spend less than you make, have emergency savings, have diverse investments, rebalance regularly.
When your income falls focus on three areas: 1) Maximize all income sources; 2) Minimize expenses to protect the four necessities; and, 3) Pile up as much savings as possible.
The global Coronavirus (COVID-19) pandemic won't last forever. When it is over, the first thing you should buy is an emergency fund.