Archive

Insufficient Savings Rate This one’s just math. If you’re saving 10% of your paycheck starting from when you get your first job at age 22, assuming a 5% annual ROI, you’ll be able to retire in 51 working years (age 73). If you save 15%, you’ll be able to retire at age 65. If you […]

You’ve probably heard the statistic that the general population is far more afraid of public speaking than they are of even dying. Is that unbelievable or what?!?! So if I asked a group of you the following question: Can I get a show of hands which you’d prefer, from these two radically different options? Door […]

According to a survey conducted by GOBankingRates, here in America, roughly 41% of men, and 56% of women report living paycheck to paycheck. Additionally, 52% of men and a mind-blowing 69% of women report not having enough to cover just 6 months’ worth of expenses (the golden rule for emergency savings)! What this means is […]

Today I have a special guest post by my friend and fellow PF blogger, Rob Andersen, over at Mustard Seed Money. Enjoy! I have encountered many people who believe that credit cards are evil.  Even when I argue the benefits of credit cards, such as online protection online, extended warranties, and cash back rewards, I […]

According to a study out of Oxford University and many other studies including reports coming out of PWC and the Wharton School of Business, in about 7 – 8 years (absolute worst case scenario), 50% of jobs are going away because of advances in robotics, automation, and artificial intelligence. And in the best case scenario, […]

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 […]