Archive | Finance RSS feed for this archive

How I’m flying international business class to Europe for (almost) free

April 5, 2015

0 Comments

One of the biggest costs of traveling is actually getting to your desired destination. An average roundtrip plane ticket to an overseas location in Economy class will cost you anywhere from a few hundred dollars to over $1,000. Is there a cheaper alternative to paying full price for airline tickets every time you want to […]

Continue reading...

$500K net worth: How minimalism and investing helped me get there

November 11, 2014

28 Comments

10 years after my savings journey began in 2004, I officially hit the halfway point of my $1 million net worth goal. Along the way, I’ve internalized two concepts that I believe were instrumental in helping me get to this point — minimalism and investing. Minimalism To me, minimalism is the philosophy of owning what […]

Continue reading...

Your retirement date: How Mint can help show you the year you achieve financial independence

January 20, 2013

0 Comments

In a previous post, I talked about the importance of tracking your net worth. Once you’ve set up automatic contributions into your various accounts (401(k), Roth IRA, taxable investment accounts) and set up a simple net worth spreadsheet, it’s easy to visually see exactly what your net worth is projected to be from year to […]

Continue reading...

$260K saved and officially an Average Accumulator of Wealth

January 20, 2012

0 Comments

As of today, my first net worth goal has been achieved. $260K saved. The breakout looks like the following: 41% – Taxable Account 37% – Thrift Savings Plan (Government 401k) 22% – Roth IRA According to the Millionaire Next Door, I am officially an Average Accumulator of Wealth. In the book, they give you an […]

Continue reading...

How to effectively track your financial goals

December 4, 2011

1 Comment

Personal finance is a lot like working out. In order to see results, you need to be consistent. Also, just like physical fitness, it is important to have an idea of where you are and where you want to go. Having a long-term financial goal on a simple spreadsheet can help motivate you and provide […]

Continue reading...

Why losing $28K in the stock market doesn’t faze me

August 9, 2011

4 Comments

“Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.” -Warren Buffett This month, my net worth decreased by approximately $28K. There are those who might believe […]

Continue reading...

Want to become a millionaire in 20 years? Hang in there for military retirement.

July 3, 2011

2 Comments

The military has a pension system that can’t be beat. For those of us who hang in there for 20 years, you receive an immediate annuity upon retirement. But exactly how much would you need to have saved in order to pay yourself an equivalent retirement amount? In order to find that out, we need […]

Continue reading...

Defining financial independence one expense at a time

May 28, 2011

2 Comments

True freedom comes from achieving financial independence. However, it can be hard to define what financial independence actually is. Is it some nebulous number like $1 million? How do you actually know when you’ve become financially independent? There is a simple way of determining this number and it can be done in pieces. When I […]

Continue reading...

Save money by renting textbooks

December 23, 2009

0 Comments

For those of you currently in school or pursuing an advanced degree, you know the pain of having to pay high prices for the purchase of textbooks.  No longer.  Rather than purchasing textbooks, consider renting them.  I am going to start off my next semester by renting the textbook for my class from http://www.chegg.com.  The […]

Continue reading...

Why do people believe that housing is such a great investment?

November 26, 2009

3 Comments

Since I am a visual kind of person, I have two graphs shown below.  The graph on top shows housing prices from 1890 to Present.  The graph below it shows the Dow Jones Industrial Average from roughly the same time frame (1900 to Present). What is interesting is that the graph of housing reveals that […]

Continue reading...