In Defense of the Latte Factor

The first personal finance book I read after graduating college was The Automatic Millionaire by David Bach. It was an eye-opening book and I loved the idea that you could “automatically” become a millionaire by paying yourself first and investing in a diverse portfolio of low-cost index funds. Another concept that was popularized by Bach […]

3 More Hidden Costs of Living in a High Cost of Living Area

After writing my previous post about hidden costs of living in a high cost of living area, I thought of a few more. They were so hidden that it never even dawned on me that these costs exist. Actually, I think I knew they were there but since I’ve always lived in a high cost […]

Hidden Costs of Living in a High Cost of Living Area

It’s pretty obvious that living in a high cost of living area is expensive. I live in New York City and when I hear about how much a house costs in many other cities, I am pretty envious. My friend, who lives in upstate New York, rents an entire house for $900 splitting the costs […]