Archive

I have an important question for you: what’s the ER on your 401K funds? If you don’t know the answer to this question, chances are you’re paying too much. We’re living in the days of index funds and ETF’s. So if you’re paying anything more than 0.5% fees on a fund, it’s considered high. Anything […]

Most people think of retirement as something you do after you’re no longer able to work. Or if you’re lucky enough, something you get to enjoy after a stable 40-45 year career with the same company, with pension in-hand. Few people think of retirement from the concept of FIRE (Financial Independence Early Retirement). But FIRE […]

I made a concise how-to guide to becoming financially secure, as a guest post at Michael’s personal finance blog Financially Alert. I also share personal examples of what my wife and I have done, and continue to do, for the steps I’ve laid out. You can read the post here at Michael’s blog. Please head […]

When you contribute to your 401K, your IRA, or just buying individual stocks through your brokerage, have you ever wondered where the money went? Most people incorrectly assume that the money goes to the company. So for example, if you buy $1000 of apple stock, the $1000 goes to Apple. Well, this isn’t typically the […]

Not grasping this concept will set in stone, a lifetime of financial struggle, for you and your loved ones. Especially because not considering opportunity costs has a cumulative negative effect on your finances. The way that people usually think, when it comes to spending money, is strictly from an accounting standpoint. Not an opportunity cost […]

I want to make a case that owning a home is far better than renting. Especially if you’re living in the USA. Related: Tips on Buying a House The latest survey, from the Federal Reserve’s Survey of Consumer Finances, revealed that a homeowner’s net worth is 36x greater than that of a renter ($194,500 vs. […]

Building and maintaining a stream of passive income is the only way you can escape the rat race for good. So what is this elusive thing called passive income? Is there really such a thing? How does it work, and is it reserved only for the select few that are wealthy? I want to emphatically […]

Buying a home. Now, I want to start by saying that I’m not going to touch on whether or not buying or renting is the right choice for you. Both have some solid pros and cons, and so everyone’s situation will be different. I’ll visit the pros and cons on a future post. Today, I […]