Every month I contribute $1,500 to my 401K so that by the end of the year, the 401K is maxed out at $18,000 (the max increases to $18,500 for 2018). Unfortunately, $18,000 a year is a ridiculously low amount of money to save for retirement if you really do the math. After 10 years, you […]
View Your 401K Like Social Security And Write It Off Read More »
Welcome to my annual passive income update. I don’t do these updates more often because nothing changes too much on a month-to-month or quarter-to-quarter basis. Do you really want to see that I increased or decreased my passive income by $1,000 from the month before? I think not. Here are some immediate reasons I can
Financial Samurai Passive Income Update 2014-2015 Read More »
When you join a company, you may have to decide between equity o cash compensation. Usually, the equity or cash compensation is split more heavily towards cash. However, at a startup, you may elect to have lower cash compensation for more equity compensation. As a veteran worker who has received cash and equity compensation over
Equity Or Cash Compensation? Deciding What’s More Valuable To An Employee Read More »
And just like that, I’m no longer in the 800+ credit score club full of beautiful people. As part of my mortgage application process, the bank had to pull my credit score. The big white envelope in the mail with the results reminded me of my college acceptance letter way back in 1994. When I
What’s Hurting My Credit Score And Why Is It Fluctuating So Much? Read More »
From Debtor To Millionaire is a guest post from J.D. Roth, who founded the blog Get Rich Slowly in 2006 and is the author of Your Money: The Missing Manual. I first met JD in 2010 for lunch up in Portland when I was still working. By that time, J.D. was already a mini-celebrity in
From Debtor To Millionaire: How A Windfall Changed My Life Read More »
The average 401(k) account balance is now over $100,000 thanks to a long bull market since 2009. Even during a global pandemic, risk asset investments are doing well. Investment management firm Vanguard reported the average account balances for 401(k) plan participants reached a record high of $120,650 at year-end 2024. Meanwhile, Fidelity reports that the average
The Average 401(k) Account Balance Breaks $100,000: Here’s How Much To Save By Age Read More »
So you listened to the State Of The Union and heard President Obama muff the pronunciation of MyRA. Was that “My IRA?” Or was that “Myra,” like a woman’s name? I’m going with the latter. There’s an excellent 2,100 word piece entitled, “Will MyRA Solve The Retirement Crisis?” on Daily Capital you may want to check
MyRA Won’t Help The Retirement Savings Crisis Read More »
Active income is much more enjoyable than passive income due to the positive feeling of purpose. We want to know our actions make a difference no matter how small the scale. But what is the ideal split between passive income and active income? Finding the right balance leads to a better life. For those of
The Ideal Split Between Passive Income And Active Income For A Better Life Read More »
Given day job income is the number one source of income for the majority of the population, it behooves us all to go where there’s robust employment. Let’s look at the top 5 cities in America to get rich and enjoy life! After reading one too many “best places to live, retire, work” articles that
The Top 5 Cities In America To Get Rich And Enjoy Life! Read More »
The average consumer credit card rate is 17% as of June 1, 2019 according to the latest credit card tracking bureau. With the US Bank Prime Rate at 5%, credit card companies are charging 12% over Prime. In other words, credit card companies are making big bucks off you! The US Bank Prime Rate or
Average Credit Card Interest Rates Are Way Too High Read More »
