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The Tree of Happiness There is no nexus between a tree and your happiness. At least, that's what I believed until I learned about the tree of happiness -- Albizia. Chinese call it a tree of happiness. It bends in the winds but doesn't break. Interesting. I call it perseverance. How... Read more

The Simple Path to Wealth One of the cornerstones of this blog is the fact that you need to achieve financial peace so that financial worries can't rob your happiness. Everything we do is for one and only one reason -- to be free and to be happy. A street smart person knows how to... Read more

Why Trump Will Be the Next President After winning primary in the Hoosier State, Donald Trump has been declared the presumptive nominee of the Republican party. Pundits declared that he can't win against the Clinton political Juggernaut. May be. But I don't agree. While most polls show Clinton... Read more

The White Coat Investor: A Book Review I admire physicians. I am not a physician but I have been fortunate to work with several smart physicians. Physicians are naturally bright professionals as I have seen them learning technology and even programming even though that is not their core focus. On... Read more

Why Apple is still a good investment   You don't have to be a pro to understand why Apple is still a good investment; in fact, you are better off being a motley fool even if you watch CNBC. On Jan 28, 2015 Jim Cramer called it an investment of lifetime; a stock that will rise again this... Read more

Diversify...Really?   It's OK to have your eggs in one basket as long as you control what happens to that basket. -- Elon Musk It sounds oxymoronic but the fad in the personal finance industry is to promote diversification. Ironically, most of us are really bad at diversification... Read more

Wela: An Interview with Wes Moss With the advent of the Internet, our lives have changed forever. Amazon is redefining how we buy anything including pencils to power tools. Whether you like it or not, wealth management has also begun its inroads on the Internet. The brilliant idea that you... Read more

How to Invest in Stocks like a Pro   Let's face it -- most of us, mere mortals, consider investing ourselves in a stock market akin to playing Roulette in Las Vegas! If you have similar thoughts then you are not alone! According to Henry Blodget, one time super star Internet stock expert,... Read more

Why I still Invest in Apple   Let's face it -- most of us are Apple investors. If you deny, look at top ten holdings of any mutual fund that you own. Unlike old superstar stocks of the past -- Intel, Microsoft or Dell to name a few -- there is something unique about Apple. It has... Read more

lnvestment Lessons from Warren Buffett Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays. -- Warren Buffett While Warren Buffett... Read more

Is Tesla Still a Worthy Investment?   "Is Tesla still a worthy investment?," asked a friend of mine who read my article which I wrote back in June of last year. A lot has happened since then. Tesla stock has doubled in price and Elon's presence in the media is omnipresent. This guy is... Read more

Year 2013: My Favorite Personal Finance Articles It is hard to believe but, indeed, year 2013 is in the box. For stock investors, it was a banner year. Nasdaq finally climbed back to its old highs and other indices performed brilliantly as well. While pundits on the Street may have tried their best to... Read more

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Street Smarts

Smart Finance for Street Smarts

I owe to this great nation for the opportunities that I’ve had in the last 20 years that I’ve lived in America. America truly is the last frontier of freedom for the rest of the world. My friend, Hunter Nuttall, interviewed me few years back about how I came to the States and how I achieved success.

This blog culminates my belief that in this world full of so-called financial experts, those of us – street smarts – who take interest in managing our own financial matters with self-education and common sense can live a happier, more fulfilling life.

Street smarts possess uncanny ability to discover ways to live within means and to make sound financial decisions without  any financial advice from a Harvard MBA or from an opinionated expert on CNBC.

What does it mean to be “street smart”? It means you follow your instincts, you listen to
your gut, you don’t over-think things, you pay attention to the details that tell you what’s
really going on, you learn the rules and how to use them, you know when to speak up and
when to shut up and you know enough to know what you don’t know and what you must
know. You use your curiosity, ingenuity, industriousness and initiative to advance you
towards your goals. You don’t wait for other people to do it for you. You control and
leverage your attitude to position yourself for success.   – Mariette Edwards

I passionately believe that freedom is fake if I can’t free myself from the daemon of debt.

Street smarts personal finance manifesto:

Ultimate freedom is the freedom from debt.

Debt is the culprit for misery and stress; avoid any debt – credit cards, car loans, leases and personal loans.  Debt is an ultimate form of slavery as  it shackles our ability to grow wealth. Debt is akin to pleasure on a loan as that pleasure dies quickly leaving us with financial stress.

Be frugal.

Frugality is the weapon to fight against the daemon of debt; it is a way of life — a way of thinking for us street smarts to spend only when needed. Frugal life is the core habit of the street smart to avoid impulse buying –  a new Mercedes or a new Yacht.

Beware of experts.

Who has most interest in your financial well-being? Certainly, not those insurance agents who want to sell another life insurance policy that you don’t need; nor those pundits on CNBC who want you to believe that they are better than Warren Buffet. You have to assume responsibility to educate yourself to save and invest wisely. Like a kick-ass, street smart, you have to learn how to navigate through the streets full of these so-called experts with your own financial wisdom.

Invest wisely.

Learn and embrace the magic of compounding return – the early you start in your life to save and invest for your retirement tax-free  – better off you are;  my simple rule of thumb is to invest in asset that appreciates – real estate, common stocks and index funds – and to avoid an asset that depreciate – expensive car or unwanted possession.

Be the Street smart.

Street Smarts believe that there is an inverse relationship between wealth and impulse spending; they are self-confident and they take responsibility for their own financial decisions;they believe that “keeping up with the Joneses” leads to financial suicide; they constantly learn not by following advice of financial gurus but by the wisdom of those who have already achieved financial peace.

My Ultimate Goal in Life

I was inspired after reading a book, Delivering Happiness, written by Tony Hsieh, CEO of Zappos . I realized that our utmost purpose in life is to achieve happiness. That realization is the pathway to a simple life leading to financial freedom.

And finally….

Never Give Up.

No matter how difficult financial circumstances you may have been through in your life —  there’s always another shiny day with new rays of hope and optimism. Learn from your mistakes and use those mistakes as down payment towards building a financially sound, more fulfilling life with purpose.

Please feel free to contact me if I can help you.




I am not a licensed financial professional. The content on this website is for informational and educational purposes only and should not be construed as professional financial advice. The content on streetsmartfinance.org’s weblog is provided “as is”. Streetsmartfinance.org makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, streetsmartfinance.org does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the content on its Internet web site or otherwise relating to such content or on any sites linked to this site.

For any individual financial advice please seek your own licensed and/or registered personal financial adviser or CPA.Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise.

Comments (2)

I like your website.. May GOD bless you always in all aspects of you life so that you can be a blessing to others..=)

Ah yes, the appeal to authority, the logical fallacy promoted by those in power that we must place our utmost faith in. After all, only financial advisors, CNBC talking heads and bankers know what is best for us when it comes to our own money. Without them the markets will chew you up and spit you out.

Blind reliance on these so called “experts” is a one way ticket to the poor house. Always due your own due diligence, no matter how well informed you think the person you are deeming as the agent of your financial affairs appears to be.

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