Category: Retirement Planning
Inflation Ate My Paycheck 106: Time to Start Couponing.. Or Not
How do we successfully navigate a recession? Well, I guess we are about to find it here shortly. The days of easy money in the financial and housing markets will slowly come to a close. We will have to tighten our belts and start living below our means, saving, and investing. I usually focus on…
Your 401K vs. A Recession
This article will go against most conventional wisdom floating in the financial world. When you start as an adult, the 401K is a sacred cow we must protect at all costs. However, savings into your 401K can damage your finances for the foreseeable future because of “life.” Today, I want to explore some alternative ways…
Emergency Cash: How Much Do You Need in an Emergency Fund?
Building an emergency fund is one of the best ways to create a feeling of financial security. But how much do you need in an emergency fund? The short answer is that every situation is different. Your emergency fund is a function of your belief system, job, and financial literacy. Let’s cover each of these…
Debt-Free Society: Beat Student Loan Debt
Someone lied to us all about going to college and taking on student loan debt. In a few cases, getting a degree leads to massive wins in the civilian sector or military. However, taking on the debt associated with these degrees can put you into a form of slavery called indentured servitude (Read “In-debt-ured Servant”).…
5 Takeaways from “Couponing for Beginners Guide”
“Couponing for Beginners Guide” by T.M. Crump is a short book on how to start couponing. Every penny counts as we enter a recession and a period of high inflation. Couponing is a lifestyle—not something you do casually. There is a lot of work to use coupons effectively, so you must take it seriously. 1)…
Debt-Free Society: Beat Automobile Debt
There has been some debate about whether your home is an asset or a liability. I agree with Robert Kiyosaki, who says that your primary residence is a liability. However, there is no doubt that your car is a massive liability. Yes, it gets you to work, but it drains resources daily. With the increased…
5 Takeaways from “Destroy Your Student Loan Debt”
“Destroy Your Student Loan Debt” by Anothony ONeil takes us step-by-step on how to get rid of large amounts of student loan debt. I never took any student loans, but I know it affects many young professionals. You need to attack student loans aggressively and quickly. If you don’t, they can grow faster than you…
Staying Debt-Free in Your 70s
In our 20s, the biggest threat to our wealth was striking out into the world. Conversely, in our 70s, the most significant threat to our fortunes is us leaving the world unprepared. That’s right; our 70s is all about ensuring we have everything in place for us to leave the world with our fortunes intact.…
Staying Debt-Free in Your 60s
I’ll be honest with you; our 60s should be a time to relax and reflect—we should be on the easy street with our finances. If we haven’t figured it out by now, we may never unlock our potential. That’s not to say that there won’t be dangers associated with this timeframe. We worked so hard…
Staying Debt-Free in Your 50s
Our 50s is the time we’ve all been waiting for—time to celebrate. We were brilliant in our 20s, chose a good partner in our 30s, and avoided debt in our 40s—now it’s time to party. Am I right? Not really. Welcome back to the Staying Debt-Free in At Any Age series (20s, 30s, 40s), where…
Staying Debt-Free in Your 40s
If the greatest threat to your wealth in your 20s was yourself, and in your 30s was your partner, what do you believe it will be in your 40s? That’s right, your kids. Welcome back to the Staying Debt-Free at Any Age series (20s, 30s), where I discuss how to stay debt-free and build wealth…
Staying Debt-Free in Your 30s
Your 30s is where you are most likely to accumulate massive levels of debt. The two main culprits will be marriage and home-buying, so you need to evaluate what direction you take regarding these events honestly. Welcome back to the Staying Debt-Free at Any Age series (20s), where we try to make it through life…
Staying Debt-Free in Your 20s
Staying in debt is the downside of the American Dream. The only way to live a great debt-free life in America is to live below one’s means and focus on building relationships. Welcome to the Staying Debt-Free at Any Age series, where I will discuss avoiding debt at various stages in life. Today I will…
Inflation Ate My Paycheck 105: From Broke to Saver to Investor
As inflation rages across the nation and the world, there has never been a better time to become an investor. Gas prices are soaring, and the housing market is scary for anyone looking to enter. If you are broke, there is no relief in sight. No more stimulus checks or pay raises. You’ll have to…
Retirement Plus: Use Rents to Supplement Your Retirement
You are about to retire at age 66. You have saved $1 million in your 401K and will be drawing $3,000/month in social security benefits. These income streams will total about $6,500/month in passive income. Is surviving on $6,500/month in passive retirement income enough to live the lifestyle your love? Only you can answer that…
Series “I” Bonds vs Roth IRAs
With a recession on the horizon, we need to invest with a long-term mindset. We aren’t going to make double-digit returns over the next few years. What are some investing options we have with a 20+ year timeframe? Today, I want to talk about Series “I” Bonds and Roth IRAs because they are very similar,…
Debt-Free Society: Beat Credit Card Debt
Credit cards are a powerful evil that controls a majority of the population. They tempt you with great offers and reduced interest rates to ensnare you for years of pain. However, there is no use for us crying over spilled milk. It’s time to accept that we got ourselves into credit card debt and need…
Inflation Ate My Paycheck 104: Create Infinite Dividends
I always write about using dividends (and passive income) to beat inflation and live your best life. By making more money passively, you’ll be able to become your best self, and your relationships will begin to prosper. But many people get the purpose of stock market investing wrong. They look to the stock market as…
5 Takeaways from “From Paycheck to Purpose”
“From Paycheck to Purpose” by Ken Coleman takes us on a deep dive into how to find our dream job. I am not looking for another job after finishing my military career, but I found the book very insightful and helpful. Even if you plan to become a content creator or entrepreneur, this book has…
Mother’s Happy Cash Flow Retirement
We all love our moms, and we want them to lead wonderful lives into their later years. However, many of our moms grew up without the financial education and opportunities to get ahead before retirement. Many of our mothers depend on social security to get by every month. If you asked them about their dream…
