Generating enough passive income to cover your desired living expenses is the holy grail of personal finance. The problem is, the goal post keeps moving thanks to inflation and life. This post explores what is considered passive income so we can remain disciplined on our journey to financial independence. I’ve been trying to build passive […]
What Is Considered Passive Income? Analyzing Stock Sales And Windfalls Read More »
After my post, The Proper Withdrawal Rate: 4 Percent Rule Is Outdated, ruffled some feathers, I began to wonder why people argue so much on the internet. Arguing is exhausting and pointless. There’s no need to win a financial argument. Just get rich instead. The last time I got into a financial argument must have
No Need To Win A Financial Argument, Just Win By Getting Rich Instead Read More »
For those of you without cushy pensions, I’m sorry folks. The 4 percent rule is outdated. The rule was popularized in the 1990s. It is now unwise to follow the 4 percent rule as a proper safe withdrawal rate in retirement, especially if you are part of the FIRE movement. Instead, I highly recommend lowering
The Proper Safe Withdrawal Rate: 4 Percent Rule Is Outdated Read More »
The median net worth for the middle class hasn’t changed for decades. Conversely, the median net worth for the top one percent has performed extraordinarily well during the same time period. The main reason is because the mass affluent and top 1% regularly invest in stocks, real estate, and other risk assets that tend to
The Median Net Worth For The Middle Class, Mass Affluent And Top 1% Read More »
Financial opportunity can sometimes be hard to recognize. There was tremendous financial opportunity during the March 2020 stock market sell-off. However, unless you read the post: How To Predict A Stock Market Bottom Like Nostradamus, perhaps you missed the buying opportunity. Here is a story of how one couple missed out on $24,000 of financial
How To Recognize Financial Opportunity: It Doesn’t Come Around Often Read More »
The definition of a middle class lifestyle has been consistent for over 50 years. Yet, for some reason, there is still debate on what consists of being middle class. Being middle class isn’t about how much money you make. Being middle class is about what type of lifestyle your money can afford. Whenever I publish
The Definition Of A Middle Class Lifestyle Is The Same As It Ever Was Read More »
Everybody wants to become a millionaire. Unfortunately, not everybody’s chances of becoming a millionaire are the same, partially because the playing field is not even. This article looks at historical data on your chances of becoming a millionaire by race, age, and education. Getting to at least one million dollars in net worth is a
Your Chances Of Becoming A Millionaire By Race, Age, And Education Read More »
Are you looking to learn how to better manage your 401(k) for retirement success? You’re in the right place. At 34, I managed to grow my 401(k) to over $500,000 during my relatively short 13-year career working in finance. Today, my 401(k) is now worth over $1,200,000, which is now a rolled over IRA after
How To Better Manage Your 401(k) For Retirement Success Read More »
This post will explore the retirement savings by age in America. Unfortunately, the retirement savings by age is pretty low, which is why Americans need to work longer. From a personal finance writer’s point of view, I found a pot of gold with the Economic Policy Institute’s report looking at the state of American retirement.
Retirement Savings By Age Show Why Americans Are Screwed Read More »
Thanks to the unrelenting rise in the stock market since 2009, there’s now a trend on social media to share your 401k balance, especially if it’s over a million bucks. Yes, being a 401k millionaire is now a real status thing! Despite the distastefulness of bragging, just the fact that more people are talking about
Here’s When You’ll Become A 401k Millionaire Read More »
