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Category: Non-US Citizens

The Only Lottery With a Positive Expected Value: The Green Card Lottery

The Only Lottery With a Positive Expected Value: The Green Card Lottery

A couple of years ago a friend won the green card lottery, and as a true person who worked in finance, he proceeded to calculate the expected value of his lottery entry. How did he do it? Well, he assumed the value of the lottery was equal to the cheapest way you could pay money and guarantee US citizenship. The cheapest way you can “buy” yourself into the US currently hinges on getting an EB-5 Visa, where you need to…

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Top 8 Posts of 2017

Top 8 Posts of 2017

Though this blog is a baby bird still in its nest, I still want to celebrate the wins this blog has had over the past year! So here’s a list of the top 8 posts of 2017 :). Enjoy! 1. Hustle In Your 20s To Be Financially Independent In Under 10 Years I did the math behind how much faster you could retire if you took up a side hustle. There’s a limit to how much you can save on…

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Favorite Books of 2017

Favorite Books of 2017

Compound interest grows exponentially, so why not read, to compound your knowledge? 🙂 I like to read books in the behavioral economics, finance, and personal growth department, so my books will mainly reflect that. They’re listed below unranked — just 15 of my favorite out of the 52 books I read last year. 1. Guns Germs and Steel: Jared Diamond Have you ever wondered why Europe was building multi-level stone buildings, while developed Asian countries at the time were mostly…

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8 Tips for Creating Your Own Financial Luck

8 Tips for Creating Your Own Financial Luck

1. Know the Market Price There are a ton of people who go out to yard sales, thrift stores, and estate sales and buy things for incredibly cheap prices, and turn around and sell it on eBay, Amazon, etc. When most people hear their story, they say things like,”Oh, they must be incredibly lucky! That kind of thing never happens to me!” First of all, this is a defeatist attitude. Second of all, the reason they can do this is…

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FI/RE for Non-US residents: Currency Hedged SP500 Funds

FI/RE for Non-US residents: Currency Hedged SP500 Funds

The other day I was on Reddit and someone had said his advisor told him there weren’t any ways to hedge against a USD ETF. This particular person’s home currency was the Euro, which is why I was so annoyed at the advisor. This was immediately a red flag, as most advisors should be aware of such a product, or at least be able to Google it and see an answer on the first page of their search. If you want…

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Birds of a feather, let’s reach Financial Independence together!

Birds of a feather, let’s reach Financial Independence together!

I remember the first time learning about Financial Independence, Retire Early (FIRE). My SO had just casually dropped that he wanted to retire in 10 years. “Say what?”, I said, as I looked back at him. Turns out he had just convinced his SO to FIRE. FIRE – Financial Independence, Retire Early No one had ever said anything like that to me in my life. Everyone just worked until 65. They worked hard, and they accumulated wealth, but there wasn’t…

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