Americans are facing a difficult dilemma during the pandemic. We have to decide between the economy or maybe your life or my life. How long are we willing to purposefully shut down our economy to combat the coronavirus and risk losing even more people due to a great depression? I don’t know the answer, which […]
The Economy Or Maybe Your Life: How Much Pain Are You Willing To Endure? Read More »
This post will look at the benefits of a backdoor Roth IRA. Long time readers know that I’m one of the biggest naysayers of the Roth IRA. The main reason is: most people will make less in retirement than during their working years. Therefore, taxes should be lower, all things being equal. However, what about
The Benefits Of A Backdoor Roth IRA Read More »
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,
The 401k Maximum Contribution Limit 2025 And 2026 Read More »
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
It’s Hard To Frugal Your Way To Early Retirement Read More »
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
The Top One Percent Income Levels By Age Group Read More »
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
Include Primary Home When Calculating Net Worth Or Not Read More »
Did you know that having limiting beliefs about wealth and retirement could be crushing your future? It’s time to break out of a negative mindset. To build wealth, you must adopt a positive money mindset. Despite highlighting four examples of people who are able to retire by 40, and providing very clear graphs that are
Stop Your Limiting Beliefs About Wealth And Retirement Read More »
Instead of embracing the FIRE movement for those seeking financial independence, it may be better to embrace the DIRE movement after such a massive bull run since 2009. For the millions of unemployed Americans thanks to the pandemic, the DIRE movement is real. When I first started writing about achieving financial independence early in 2009,
Move Over FIRE, Welcome DIRE: Delay, Inherit, Retire, Expire Read More »
This post will look at the recommended expenditure on housing, food, transportation and more. As someone who kickstarted the FIRE movement (Financial Independence Retire Early), I’d like everybody to spend less, save more, and invest more for financial freedom! According to the Bureau of Labor Statistics (BLS), the latest data for 2019 shows the average
Average vs. Recommended Expenditure On Housing, Food, Transportation Read More »
One of the reasons why I am so enthusiastic about my book, How To Engineer Your Layoff, is I want to teach more people like you how to potentially double or triple your income. You could essentially earn more than you’ve ever earned before. I know some of you are scratching your heads wondering what
Double Or Triple Your Income By Engineering Your Layoff Read More »
