We’ve all seen the myriad of articles that proclaim more or less that you are financially independent if you have income by which you can sustain your quality of life even if you stop working. In other words, if you have enough passive income that doesn’t depend on...
1. The purpose of secure digital vaults People these days have complex assets – bank accounts, life insurances, retirement plans, company stocks, stock options, RSUs, to name a few. In addition to these assets, many of which are digital, people have more and more...
The dirty secret of life insurance You buy a life insurance policy and you name your spouse or children as beneficiaries. You think you’ve finally protected your family and achieved peace of mind – you believe your family is secure should anything happen to you. They...
Ok, we all know the theory – spend less than you earn, save, have more than one source of income, build passive income sources, etc. Theory is one thing, applying it is another. You work and earn a salary, but you can hardly save and you don’t have any other source of...
Since we launched DGLegacy, we have been hearing such horrible stories! Some of them have truly shocked us. We heard this latest one yesterday. And this time, we agreed that we really had to start documenting them. Here goes... Yesterday evening, I drove to a small...
Financial planning In personal finance, almost everyone understands financial planning as an overall plan for how to achieve certain financial goals. The plan might include using various financial tools such as investing in stock markets, buying company stocks through...
The democratization of online trading. Online trading platforms democratized investment by providing access to it for everyone. In the past, this was primarily a privilege of professional brokers. These days, many people with various professional backgrounds and jobs...
The emergence of digital inheritance fintech services. Digital Inheritance ?! More or less everyone understands inheritance as the passing of assets to beneficiaries whom the owner has appointed. Two hundred years ago, inheritance was a pretty simple process,...
The hidden secret of investment portfolios and digital wallets The democratization of online investment and stock trading Many people these days have various assets, such as bank accounts, insurances, stocks, options, commodities, and real estate. Thanks to a new...
What are the benefits of using an asset protection service? In our post about “Asset protection and why you absolutely need it,” we discussed in detail what asset protection is. An important clarification that we made is that asset protection is not only a privilege...
