The 401(k) maximum contribution limit for 2025 is $23,500. This is up from $23,000 in 2024 and $22,500 in 2023. For participants ages 50-59 and 64 or older, the additional “catch-up” contribution limit is $7,500. Starting in 2025, if you’re between ages 60 and 63, you can contribute up to $11,250 as a catch-up contribution, […]
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Instead of telling you how my family is doing OK during the coronavirus crisis, I wanted to share with you how our family is being negatively impacted by the coronavirus. I’ll then provide another update one year into the pandemic. From going through a logical exercise on how to predict a stock market bottom to
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If you’re a minority, then I encourage you to use racism as motivation to build more wealth and achieve financial freedom sooner. The sooner you can build a passive income portfolio that covers your basic living expenses, the sooner you’ll be free! When I was a kid, I used to be very combative when it
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A car is the ultimate status symbol for insecure people. Let me explain why not following my 1/10th rule for car buying is more due to the unhealthy desire for status rather than the inability to be frugal. As I was returning home in Rhino, my 2015 Honda Fit, a late model Porsche Cayenne SUV
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Being frugal is a good habit to adopt if you want to build more wealth. However, it is very hard to frugal your way to early retirement. Instead, it’s much better to try and earn more income since the upside is limitless. You can only save so much! Living A Frugal Retirement Lifestyle Surprisingly, I
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Being in the top one percent income level is a big stretch goal for many financial go-getters. After all, only one percent of the working population can earn a top one percent income level. This post will go through the top one percent income levels by age group. In 2025, a top one percent income
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This post was published on March 18, 2020 when the stock market was falling apart. My goal was to help people feel more calm by going through a logical analysis of predicting when the bleeding would stop. I also provide an update on what my views are on stocks at the end of this post.
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Hurricanes and earthquakes are a stark reminder of the importance of getting natural disaster insurance. As a long time resident of San Francisco, I wonder if I should get natural disaster insurance for earthquakes every single year. San Francisco lies close to the San Andreas fault line. It could start shifting at any moment. The last big
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The best time to buy property is when you can afford it. Ideally, you buy real estate as young as possible. This way, you get neutral real estate and ride the benefits of compound returns for as long as possible. Inflation is too powerful of a force to combat. With a lower cost basis, life
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There’s a perpetual debate raging whether one should include their primary home when calculating net worth or not. I think it’s absolutely fine to include your primary residence as part of your net worth. It’s also fine not to include your home as part of your net worth. You should calculate both because there is
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