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Principles

Frugality or deprivation?

April 1, 2018January 16, 2019 / salaryoptional / 1 Comment

When I got married, my wife had just graduated with a degree in HR. I was completing an internship between my sophomore and junior years. We were broke. We had a little bit of debt and still needed to pay for school. On our honeymoon we packed a cooler full of soda, ham sandwiches, and … Continue reading Frugality or deprivation?

How fees can ruin your retirement

March 1, 2018June 10, 2019 / salaryoptional / Leave a comment

The banking and investment worlds are full of fees. I really learned this while working at Wells Fargo. Boy did they charge fees! Some avoidable, some inevitable. Just want a checking account (no savings or credit card)? $10/month fee. Sending a wire transfer? $35 fee. Receiving a wire? $15 fee. Want your credit card to … Continue reading How fees can ruin your retirement

What I wish I knew about money 10 years ago

February 12, 2018December 14, 2020 / salaryoptional / Leave a comment

I'm 31 years old. Still pretty young to consider "retiring" in 5 years, right? Well, if I understood money at age 21 like I do now, I suspect I would be hitting my retirement number in 1-2 years. Reaching financial independence can be simple if you start young. I don't think I made a lot of … Continue reading What I wish I knew about money 10 years ago

When to stop saving and start investing

January 14, 2018June 10, 2019 / salaryoptional / Leave a comment

I've said before that I've always been a saver, but only recently I've started become an investor outside of retirement accounts (IRAs and 401ks). Saving and investing are often used interchangeably, but I get a lot of questions from inexperienced investors on how the two should fit into their lives. Whether or not you hope … Continue reading When to stop saving and start investing

How do I start investing?

October 12, 2017June 10, 2019 / salaryoptional / 2 Comments

When I started working full-time in my early 20s, I had very little financial literacy. Ironically, I was working in a bank, and most colleagues didn't know a whole lot other than "our 401(k) plan is awesome." As I went through the required new hire training courses, the 401(k) section talked heavily about the benefits … Continue reading How do I start investing?

The 4% Rule

September 4, 2017December 27, 2019 / salaryoptional / 5 Comments

If you're ever thinking of retiring, you should familiarize with the 4% rule. The basics of the 4% rule: when you "retire", calculate what's 4% of your nest egg*¹, and withdraw no more than this amount annually (adjust/increase each year for inflation), and your nest egg will*² never be depleted throughout your retirement*³. Why 4%? … Continue reading The 4% Rule

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