I am a Realtor by profession. Most of my business is in helping people buy and sell a primary residence. I work with a few investors and a few companies with their commercial office spaces. When I talk about "investing" or personal finance, a lot of friends and associates immediately think I'm pushing product and … Continue reading A Realtor’s take on Real Estate Investing
When to stop saving and start investing
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
The Simple Path to Wealth review
I've never been much into reading books. The last novel I read was probably required reading during a high school literature class. I'll occasionally pick up a biography, history, or business book. Since nerding out on personal finance, I've been scouring blogs, case studies, IRS code, etc on the subject, but The Simple Path to … Continue reading The Simple Path to Wealth review
How do I start investing?
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?
Rule of 72
This will be a shorter post and extremely basic for any experienced investor. The Rule of 72 helps you estimate how many years it takes to double your money, based on an average annual rate of return. This is a quick, simplified way to account for compound interest. It assumes you reinvest all of your … Continue reading Rule of 72
The 4% Rule
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
Setting Goals
Throughout this blog, I will talk and focus on retirement and financial independence (FI). I will use these terms interchangeably, so I must define them. Retirement and FI are reached when a salary, wage, or work becomes optional to live the rest of your life. I fully intend to continue making money and working as … Continue reading Setting Goals
Why I’m Writing This
I've always been... let's call it... extremely careful with money. Even as a kid in an upper middle class family, I never felt comfortable asking my parents for a candy bar at the grocery store, unless I saw they were on a sale like 4 or 5 for $1. My mind always runs cost-benefit … Continue reading Why I’m Writing This
Salary Optional 