By now, it’s pretty obvious that I believe investing is vitally important to your future financial success. As you’ve also probably gleaned from my writings, the stock market is, by far, my favorite investment option. I’ve broken down the investment account hierarchy, mapped out a surprisingly simple investment strategy, declared […]
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Investing, Financial Independence, Early Retirement
Why Saving Money In The Bank Will Leave You Broke (Part 2)
In Part 1, we discussed the role inflation plays in the deterioration of wealth over time. As we demonstrated, when money is not growing at a faster rate than that of inflation, its purchasing power will be continually diminished. Because bank accounts yield growth rates much lower than inflation, leaving […]
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Pre-Tax Investments (Not Roth) Are The Best Choice For Building Wealth
(Though it’s not required, it may be helpful to read my previous post about progressive taxes, before diving into this post.) The classic pre-tax (e.g. Traditional IRAs and 401(k)s) vs. Roth comparison usually goes something like this… AssumptionsInitial Investment = $10,000Tax Rate = 25%Total Investment Return = 900% (i.e. 10x) […]
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Surprisingly Simple Investment Strategy For Retiring Early
The other day, while browsing through YouTube videos, I came across one that featured Tony Robbins discussing investing. I watched the video and found it had some good, if not groundbreaking, suggestions. There was one portion in particular that really stood out to me, however. Robbins suggested that you should […]
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Why 401(k)s Are The Best Investments, Period
There are plenty of great investment options out there to choose from, but very few can compete with the advantages of a 401(k). When you add in employer matching to the equation, I believe 401(k)s become the best investment, period. Some other types of accounts may provide a bit more […]
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Investment Hierarchy: Top 7 Investments For Retiring Young
When you make the decision to become an early retiree, one of the first things you’ll realize is that there are many, many different choices when it comes to investment accounts. 401(k), IRA, HSA, 457, 403(b), Roth, Taxable…the list can get pretty extensive. Each of these accounts has its own […]
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The Simple Formula I’m Using To Retire In My 30’s
Wake up, go to work, spend a few hours with family, go to bed, rinse and repeat. Some form of this routine probably describes the typical day for most of us. Throughout our lives, we’re conditioned to believe that we should follow this monotonous series of actions for 30-40 years […]
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