If you want to be rich, never buy a brand new car or a car in its first year of redesign. I’ve been a car fanatic forever, but I’ve also been a personal finance blogger since 2009. My goal for everyone is to reach financial independence sooner, rather than later. After owning Moose, my 2000 […]
Never Buy A New Car Or A Car In Its First Year Of Redesign Read More »
The proper asset allocation of stocks and bonds by age is important to achieve financial freedom and stay retired. If you allocate too much to stocks the year before you want to retire and the stock market collapses, then you’re screwed. If you allocate too much to bonds over your career, you might not be
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Want to know how to measure you fiscal responsibility? The key is to calculate your FS-FR score. Fiscal responsibility means managing money in a careful, sustainable, and disciplined way — whether at the personal, business, or government level. In simpler terms: The core idea is to make smart financial decisions today so you don’t create problems tomorrow —
How To Measure Fiscal Responsibility: Calculate Your FS-FR Score Read More »
I don’t enjoy doing my taxes, but I do them anyway. My main reason is to learn as much about the latest tax codes so I can reduce my tax liability. This post discusses five lessons from doing my taxes for over 10 years. Why I Started Doing My Own Taxes In 2000, I paid
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Do Americans have an earnings problem or a savings problem? Unfortunately, I think we’ve got both. Take a look at the median income by age and sex from the latest Census Bureau data. The data always lags for a couple of years. The median income for 20-24-year-olds is $25,116 for women and $27,040 for men.
Median Income By Age And Sex In America Read More »
* On April 8, 2020, Bernie Sanders dropped out of the presidential race, paving way for Joe Biden to be the Democratic presidential candidate. Bernie’s views were too extreme, even though proposals such as UBI and healthcare for all is needed now more than ever during the pandemic. Sooner or later investors will stop freaking
Should Capitalists Really Be Afraid Of A Bernie Sanders Presidency? Read More »
Hopefully everyone who has access to a 401(k) is contributing to a 401(k). To not do so is a mistake you don’t want to realize when you’re old and grey. This post discusses the top mistakes that are hurting your 401(k) so you can boost you balance. The government isn’t going to save you. With
Top Mistakes That Are Hurting Your 401(k) Returns Read More »
If you are suffering from Dunning-Kruger, it means that you are suffering from delusion. And if you’re suffering from delusion, that means there’s a large disconnect between reality and what you believe to be true. Don’t let delusion ruin your life! Delusion is one of the key reasons why people end up miserable, alone, and
Is Delusion Ruining Your Life? Let’s Talk Dunning-Kruger Read More »
After publishing my post, Here’s How Much Money You Need To Retire Early And Live In Poverty, several readers were offended because the definition of poverty was too high. They commented that my premise was absurd and that they live quite comfortably or think they can live quite well on the income levels I highlighted.
The Definition Of Poverty Might Be Too Rich: Time For An Adjustment Read More »
Universal life insurance is a type of permanent life insurance policy. A permanent life insurance policy is a policy that lasts a policyholder’s entire life. There is a death benefit paid out to beneficiaries and a cash value that builds up over time. Universal Life insurance is one of the most popular types of permanent
Universal Life Insurance: A Type Of Permanent Life Insurance Policy Read More »
