Pinyo Bhulipongsanon
Keep It Simple, Stupid! You’re probably familiar with the KISS Principle. If you are feeling overwhelmed by your finances, you can reduce financial stress and improve your quality of life by reducing, consolidating, and automating your finances. Here, we will be covering a few ideas to help you do just that. 1. Automatic Deductions You … Read more
In How Much Money Do You Need to Retire, I mentioned using the 80% rule to calculate retirement needs. You may have heard this rule before; here is a variation of it: You need 80% of your pre-retirement income during your retirement. Where Did the 80% Number Come From? The theory behind the 80% number is that … Read more
One of my favorite subjects is wealth building. At the most basic level wealth, at least your financial wealth, is your net worth. Although there are many beliefs and philosophies on how wealth could be accumulated, the mathematical nature of wealth is all the same: Wealth = Net Worth = Assets – Liabilities. How Net Worth … Read more
My first encounter with a Target Date Fund was back in 2006 when my company made Vanguard Target Retirement Funds available for our 401(k) plan. I evaluated the option of using a Target Date Fund but decided against using it because I prefer to manage asset allocation myself using the more traditional asset class-based funds. … Read more
The S&P 500 is one of the largest barometers of overall stock market performance available. Most investments use the S&P 500 as the benchmark and compare themselves to the S&P 500 performance. What is the S&P 500 growth rate? As you will see below, the number we regularly use on this blog is a 9% … Read more
The Pareto Principle, also known as the 80-20 rule or the law of the vital few, is an observation that 80% of the effects come from 20% of the causes. I often use the Pareto Principle in my job, primarily when we work on quality or process improvement projects. A beautiful thing about Pareto is … Read more
An important factor in achieving financial success is setting good goals that you can work toward. Like traveling, you can get to where you want quicker if you know where you are going instead of wandering about aimlessly. However, you can’t just say that your goal is to retire rich someday. For a goal to … Read more
Do you want to be able to save more money for your financial goals? Today, I want to show you how to make saving and investing less complicated by automating your finances, and share with you how I saved my first $250,000. I hope this doesn’t come off as bragging, but rather to share some … Read more
I finally gave M1 Finance a try…so far, I am impressed. I have been looking for a way to easily invest extra cash sitting in my savings account but didn’t want to do it with my current brokers because there is no way to invest a small amount of money easily and cost-efficiently. As it … Read more
This guide is intended to provide readers with ideas, how-to tips, and resources to build multiple income streams and make more money. If you are interested in becoming less dependent on your job and earn your way to wealth, this is the guide for you. On the other hand, this guide is not about getting rich … Read more