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Can You Add a Minor as an Authorized User on a Credit Card?

Can you add a minor as an authorized user on a credit card? I can’t speak for every credit card company or circumstance, but YES, you should be able to add a minor (your child) as an authorized user. This is exactly what my wife and I did several years ago with our oldest child. […]

Why I Added My Son as an Authorized User to a Credit Card

For most of my adult life, I have had good credit. To be honest, I can’t ever remember my credit score ever being below 760 … although I never kept detailed records.I’m not saying this to brag. But there are a lot of benefits to having good credit. For example, my wife and I have […]

How to be a Millionaire by 40 – Teaching Kids to Build Wealth

Are you a millionaire? At some point in the not so distant future, my wife and I will likely cross that 7 figure net worth threshold. That mark won’t get us to full financial independence, but it will be a big step towards our ultimate goal. Based on our savings rate and investment strategy, we […]

Second Generation FI Rule #1 – Save 50% of Your Income

Welcome to my series on – Rules for Second Generation FI. My wife and I have 3 kids and one of our goals is to teach them the fundamentals of becoming financially independent. My personal belief is that we don’t do enough as a society to teach our kids about money and personal finance. So […]

Why I Don’t Invest in VTSAX … But My Kids Will

My wife and I have been building a portfolio of dividend stocks for almost 10 years now. In that time, we have built up positions in almost 40 different companies in both our taxable (Robinhood, Fidelity, etc.) and tax-deferred (IRA’s) accounts. Between all of our different accounts, we except to earn about $8,000 next year […]