Making Cents Sense

Hey there, savvy spenders and frugal friends! Today, we're diving into the world of finance with a special focus on Vivian Tu, also known as "Your Rich BFF." Vivian has become a financial influencer sensation, especially among Gen Z and Millennials, for her straightforward and often humorous approach to debunking money myths and providing financial education. Who is Vivian Tu? Vivian Tu, a former Wall Street trader, has taken the internet by storm with her finance-focused content aimed at young adults. Known for her engaging and relatable style, Vivian uses social media platforms like TikTok and Instagram to break down complex financial concepts into digestible and actionable advice. Her mission? To make financial literacy accessible to everyone, regardless of their background. Busting Common Money Myths Vivian Tu has tackled numerous financial myths that often mislead young people. Here are some of the most notable ones she has debunked: Myth: Credit Cards are Evil Real...

Hey there, financial freedom seekers! Imagine working tirelessly for decades, pinching pennies, and saving every dollar with the dream of retiring early. Now, picture reaching that financial milestone only to find out that your partner isn’t ready to hang up their work boots just yet. That’s the situation I find myself in, and it’s causing quite the stir in our household. The Background: Our Journey to Financial Independence My wife and I have been a frugal team for over 20 years. We both naturally gravitate towards saving and living simply. This shared frugality allowed us to live on one income while saving the other, building a substantial nest egg. We've saved millions in retirement accounts, including a teacher’s pension, state-run 457 plan, Roth IRAs, and 403(b) and 401(k) accounts. We've also amassed a sizable emergency fund, home equity, and college funds for our kids. The Conflict: Differing Retirement Timelines Our shared vision of early retirement has hit a snag. My ...

Hey folks, let's dive into the wild world of Bitcoin post-halving and see if we can make some sense (and perhaps cents!) out of what's going on with the pricing! First off, a little history lesson for ya! Way back in October 2009, a Finnish student named Martti Malmi, aka 'Sirius', sold a whopping 5,050 Bitcoins for just $5.02. That’s right, each Bitcoin was valued at a mere $0.0009. Fast forward to today, and our buddy Sirius would’ve been sitting on a goldmine worth about NZ$555,500,000 if he’d just held onto those coins. Crazy, right? Now, we're past the fourth Bitcoin halving , and there's been some serious buzz about whether it's still a good time to jump into the crypto bandwagon or to beef up your existing digital stash. On the flip side, long-term hodlers are biting their nails, wondering why there wasn’t a dramatic price explosion over the weekend. The Myth of Immediate Returns Here’s the scoop: historically, Bitcoin halvings lead to a frenzy of inc...