To achieve financial independence, everyone needs to boost savings and control spending. Once that’s done, it’s time to maximize earnings. The wider you grow this gap, the wealthier you will become over time. The only problem when you boost savings so much is that it may begin to burn a hole in your pocket after […]
Easy Ways To Boost Savings And Control Spending Read More »
After rolling over my 401(k) into an IRA, I’d like to focus on potentially the single most beneficial reason why everyone should convert their 401(k) into an IRA after they leave their jobs: Rule 72(t). Rule 72(t) allows for penalty-free withdrawals of your IRA account before the age of 59.5 provided that the IRA holder take
Use Rule 72(t) To Withdraw Money Penalty Free From An IRA Read More »
Let’s say you don’t have the capacity to build a business to boost your wealth like the richest people on Earth. You can always just buy a business instead. The following post is by John, an early 50s retiree from ESI Money, a blog about achieving financial independence through earning, saving, and investing (ESI). He
Why I Bought A Business After Retiring: The Rockstar Finance Acquisition Read More »
Are we in another financial bubble? It feels like it given how aggressive the Fed has hiked rates. It’s best to prepare for another recession just in case. One of the biggest reasons why I believe we could be in another financial bubble is the incessant amount of stock tips I’m getting from people with
Are We In Another Financial Bubble? Valuations Look Stretched Read More »
To keep motivation up, remind yourself about the reasons for saving and investing so diligently. Once you have clear purposes for your money, saving aggressively becomes much easier. It’s too easy to eat one more cookie and find ourselves unrecognizable 10 years later. When we live in a free and abundant country, life can get
The Best Reasons For Saving And Investing So Diligently Read More »
Do you want to live a happier life? If so, you must learn how to forecast your misery. If you learn how to forecast your misery, you’ll be better prepared when that inevitable time period comes that tries to mess up your life. Whenever I meet a fresh college graduate at a random mixer, I’m
The Importance Of Forecasting Your Misery To Live A Happier Life Read More »
For the past several years I’ve filed a tax extension. A tax extension allows taxpayers to file for a six-month extension if they need more time to prepare their tax returns. The neat thing is that you can obtain an extension for any reason, so long as you submit Form 4868 electronically or on paper
The Main Reasons To File A Tax Extension Beyond Late K-1s Read More »
Have you ever wondered how some people who are terrible at their jobs got their jobs in the first place? Do you scratch your head when unqualified people get promoted way faster than the norm? Do you sometimes get pissed off thinking, “Why them and not me?” Well get ready. I’d like to discuss three archetypes of
How To Get A Job You Do NOT Deserve Read More »
Age discrimination in the workplace is all too common. This article discusses why we need to eradicate age discrimination, especially when there is a need to accumulate a larger net worth and work longer now that times are so uncertain. Every large corporation has some type of annual “Diversity Training” course where we learn not
Over The Hill At 40 – Age Discrimination In The Workplace Read More »
If I wasn’t whipped so hard during my first job out of college, I never would have saved over 50% of my after-tax income every year for 13 years in a row. I probably would’ve blown the majority of my income on fancy cars, late nights at the clubs with bottle service, and frequent weekend
Three Bad Jobs That Can Eventually Make You Rich And Happy Read More »
