One of the most common things I hear when I speak to other Millennials about retirement is their desire to build passive income. I think part of this derives from the FIRE Movement - which I’ve detailed here before.

The United States has elected Joe Biden to be its next President. Despite there being a last-ditch effort by President Trump to muddy the waters with claims of massive voter fraud, the country is beginning to move ahead. The S&P 500 has rallied 6.04% as of the morning of this writing (November 18th) from the day after Election Day (November 4th) and is pricing in a smooth transition of power. This transition of power is what separates the United States of America from other countries in the world and is the backbone of what makes our country so strong. President Trump has displayed that he has no intentions to concede, and will fight the results of the election until he has extinguished every option. This uncertainty may provide some market volatility in the short term, but I expect that volatility to be short-lived.

As Regis Philbin once asked, “Who wants to be a millionaire?”

 You’re might be saying to yourself “I do, but I don’t want to go on a game show to do it.”

 With a combination of patience, persistence, and self-control…you too can be a millionaire without having to answer any multiple-choice questions.

Here’s how you can do it.

We are halfway through 2020 and it feels like we are at a crossroads. The first 6 months of 2020 have been a whirlwind, to say the least.

Strictly speaking of the stock market, we saw the S&P 500 decline by an unprecedented fall of -33.92% in the span of a few weeks quickly followed by a slingshot rebound in the market of 44.47%. At the halfway point of the year, the S&P 500 was down -4.84% as of the close on June 30th. With everything that has happened this year, being down -4.84% feels pretty good.