We live in a world full of excuses. Many people (maybe even you) make excuses for not being able to save money or manage their personal finances. Below are a few examples, but there are millions out there along the […]
How Much Do You Really Need to Retire?
Guess what? There is no magic ‘one size fits all’ number or thumbrule for everyone to retire. You can find tons of articles (here, here, here, and here) that tell you how much you need to retire. They will say […]
How Should You Save For Retirement?
In the last post, I covered how fees can eat into your returns, especially over the long-term. Today, I’ll cover contributions to retirement accounts. With retirement savings, we have to dig a little deeper because of the different options […]
Where Should You Save?
In Step 5 of the ‘Rat Race Off Ramp’, I wrote about how to ‘Ramp Up Your Savings’. Today, I’ll go over where those savings should go. For the most part, where you save and invest comes down to when […]
Step 6: Review Your ‘Race’ Status
Updated: May 2021 We’ve completed the first five steps of the ‘Rat Race Off Ramp’. Now, we are on to the final step: Step 6: Review Your ‘Race’ Status. Building wealth and achieving financial freedom is a lifelong endeavor, and […]
Step 5: Ramp Up Your Savings
Updated: May 2021 Once you tackle your debt and have it under control, you can start taking leaps forward towards your ‘Off Ramp’. Ramping up your savings will allow you to accelerate towards your financial goals, increase your net worth, […]