Are you looking to learn how to better manage your 401(k) for retirement success? You’re in the right place. At 34, I managed to grow my 401(k) to over $500,000 during my relatively short 13-year career working in finance. Today, my 401(k) is now worth over $1,200,000, which is now a rolled over IRA after […]
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This post will explore the retirement savings by age in America. Unfortunately, the retirement savings by age is pretty low, which is why Americans need to work longer. From a personal finance writer’s point of view, I found a pot of gold with the Economic Policy Institute’s report looking at the state of American retirement.
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Thanks to the unrelenting rise in the stock market since 2009, there’s now a trend on social media to share your 401k balance, especially if it’s over a million bucks. Yes, being a 401k millionaire is now a real status thing! Despite the distastefulness of bragging, just the fact that more people are talking about
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Everything in personal finance seems to go around in circles. This post will discuss when income is more important than net worth for financial freedom. In the past, I argued that it’s better to focus on net worth growth over income growth. Wealth is not taxed like income. Further, financial freedom is about living off
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The average Canadian household net worth is surprisingly huge at roughly $680,000 in 2021, up from $400,151 in 2012 according to Statistics Canada. The average Canadian household net worth is roughly 2X the average U.S. household net worth. Not only is the average Canadian net worth larger than the average American net worth, the Canadian
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Striving for status and fame is an anathema to the Financial Samurai way. Instead of trying to get famous, it’s much better to just be rich and stealth. When you are rich and not famous, you are more free to do as you please. But things weren’t always this way. When I first started Financial
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We all suffer from some level of financial insecurity because society can be cruel. The future is always unknown, as the global pandemic has shown us! Financial insecurity is the reason why we tend to stay in cash long after the signs of a recession are over. Financial insecurity is the reason why we work
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To have a top one percent net worth is an impressive achievement. Your net worth is literally higher than 99 percent of the population. However, what is a top one percent net worth amount exactly? Further, it’s probably more appropriate to shoot for a top one percent net worth by age, not the overall top
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So you want to build a new luxury master bathroom. You’re spending more time at home post pandemic. Further, your existing master bathroom is getting old. Let me share the true cost of building a luxury master bathroom after building a couple of main bathrooms before. Despite my frugal nature, there is one area where I
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Parents looking to leave work, listen up! As someone who literally wrote the book on how to negotiate a severance, let me share with you a severance negotiation success story if you want to leave your job to spend more time with your kids. Severance negotiation success stories give uncertain employees more confidence to negotiate
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