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August 29, 2019

The average monthly lease payment in 2019 is about $450 per month for a three year lease.This is less than the $554 per month that is paid for the average new car purchase. So leasing a car is cheaper than buying, right? Wrong. Leasing costs you more than buying. In fa...

August 9, 2019

Personal debt burdens are at record highs and have become a major focal point of businesses and governments. Debt has become such a major issue in our society that even presidential candidates are basing they're election platforms on how to handle the crisis. Cancellin...

July 23, 2019

The warm weather makes summer the best time to head to a beach destination, pool or other outdoor activity. At 8th Great Wonder we know that our goal is to keep expenses low so we can invest as much of our income as possible, building significant wealth over time. So h...

May 11, 2018

What makes the rich rich and the poor poor? If we took a poll to find the answer, I'm sure the responses would go something like this;

- The rich have jobs with better salaries like doctors and lawyers

- The rich have bigger bank accounts

- The poor never got an inhe...

April 8, 2018

There's a concept familiar to many in the personal finance community that allows us to find the real cost of any purchase. It's the idea first introduced in the book, "Your Money or Your LIfe" that says the

true cost of a purchase is how much life we exchange for it. T...

March 18, 2018

Why do so many people struggle financially? In the wealthiest country in the world, the vast majority of people, including most of the lower and middle class, struggle to merely pay their bills. Very few have the ability to build any real wealth at all.

Despite what mos...

February 19, 2018

A large part of building wealth is seeing things through a different lens than the world around you. Whether it's income, a material possession, a loan, or something else that exists in your financial life, it's important to see all of those things with a wealth mindse...

February 4, 2018

Are you just starting your career? You've probably spent four years and a lot of money earning a degree that will earn you money over the next 40 years. I hope that the four minutes you spend reading this post (and $0 investment) will give you more bang for your b...

January 28, 2018

People work hard. Very hard. It doesn't matter if someone sweeps floors, cleans toilets or is a brain surgeon. Talk to anyone about their career and you'll learn they all have major challenges, difficult people to deal with and long days. We all work hard and most of u...

January 21, 2018

Let me start by saying that I'm a big fan of passive investing. A significant portion of my financial assets are in index funds and I will continue to use them as a low cost way to generate close to market returns. This post is not meant to convince anyone to invest in...

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"Compound interest is the eigth wonder of the world. He who understand it, earns it...he who doesn't...pays it."  - Albert Einstein

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