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Why Families Should Live on One Paycheck

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Wow, a lot has changed in 5 years since I wrote this post. In 2011, I was very unhappy with my job and I needed to make a drastic change. We saved as much as we could and cut back our spending to prepare for my early retirement. A major part of the preparation was [...]

How to Retire In 10 Years

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Is it possible to retire in 10 years by working hard and saving a large percentage of your income? Yes, it is possible, but this requires a lot of sacrifice up front. Honestly, I think 99% of the working population don’t pay much attention to retirement and they just don’t know what’s possible. I certainly [...]

3 Reasons to Save More Than 15%

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How much do you need to save to have a comfortable retirement? The consensus from the financial industry is you should save 10-15% of your pre-tax income for retirement. Personally, I think this saving rate is too low and this advice is doing a disservice to young people. A new graduate who is starting a [...]

Are You Hoping for The Stock Market to Fall?

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Is anyone else hoping for the stock market to fall? The S&P 500 index dropped over 10% earlier this year, but it has been on the upswing for the last two weeks. I’m hoping the stock market would fall even more because I haven’t finished contributing to my solo 401k for 2015 yet. I contributed [...]