We’ve discussed what it takes to be in the top 1% in net worth by age. Let’s discuss how to live like the top one percent without being rich. Unfortunately, the very definition of top 1% means that 99% of us won’t get there. But once we have a goal, we do infinitely better with our […]
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According to Fidelity, one of the largest 401k providers in the world with over 12 million accounts, the average 401k balance is now around $120,000 as of 2Q2021. Among employees participating in a 401k for at least 10 years, the average balance hit $251,600, up 12% from a year ago. Separately, Vanguard reported that the
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There’s an incredible joy of living within your means. The more you can live within your means, the happier you will become. You will appreciate more of what you have, and desire less of what you don’t. “Do not spoil what you have by desiring what you have not; remember that what you now have
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Imagine going to work and not having a work sponsored retirement plan like a 401k or IRA. Unimaginable right? Employers are already doing away with pensions and Social Security doesn’t pay much. To not have anything may jeopardize an employee’s financial future. It turns out about 50% of Americans work for small businesses, but only
ForUsAll: Solving Small Business Retirement Planning Read More »
After being held in captivity for too long, animals released into the wild tend to die due to starvation or attack. They no longer know how to hunt for their own food or use their claws to fend off predators. Are humans who’ve worked a day job all their lives like the animals we see
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“富不过三代 (fu bu guo san dai) = Wealth does not go beyond three generations”- Chinese proverb. Let’s look at how to create multi-generational financial security. We humans are selfish, especially when it comes to money. Given the past 20 years has been pretty volatile in the financial world, it’s hard to know exactly when
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Do you have a financial plan? Apparently, most people don’t according to an old friend who has spoken to thousands of retail banking clients over the past 15 years. Not only has he spoken to thousands of people about their finances, he’s also seen thousands of banking statements as well. Frank is a regional branch
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Although Social Security is underfunded by ~22%, I believe Social Security will make us all millionaires in retirement. Let me explain, especially with the massive cost-of-living adjustment for 2022. When I was driving home from San Mateo one day I took a wrong turn and ended up at Hillsdale Mall. There I saw an amazing
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The following is a guest post from Chris, a fella I met while stranded in Frankfurt, en route home from my business trip to Switzerland and Mallorca to do more research on the happiest countries in the world. Chris has a dilemma and could use the community’s help! – Sam It was early evening when
At What Cost Is Net Worth Diversification Worth It? Read More »
The Economic Policy Institute (EPI) came out with a interesting report that chronicles the top one percent income levels by State. To save you the hassle of reading the whole report, let me share with you some of their charts, and my own thoughts on the subject for your review. The EPI is a liberal,
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