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The Easiest Road to $1 Million Nest Egg

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Hey everyone, we're on vacation this week and Tim is covering for us today. Check out his post and let us know what you think. I'll be back from Hawaii next week. Tim's Bio I’m a self-made millionaire immigrant and a VP at a mid-size company based out of Orange County, California. I moonlight as […] Read More

What if you always maxed out your 401(k)

{ 158 comments } What if you max out your 401(k) every year?

If you are young and wondering what is the surest way to become a millionaire, I can tell you right now that it is to max out your 401(k) every year. This is the simplest and most assured way to build wealth. The problem is you have to start young and most of us don’t […] Read More

Don’t Forget About Your Annual Financial Checkup

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Can you believe there is less than 3 weeks left in 2016? The year is ending quickly and the holiday season is upon us. Now is the perfect time to go over your finances before it gets really busy during Christmas and New Year. Actually, we won’t be very busy this year because we’re staying […] Read More

Do We Have a Retirement Saving Crisis?

{ 104 comments } Do we have a retirement saving crisis?

Do we have a retirement saving crisis? The retirement financial guys certainly think so. The National Institute on Retirement Security's ongoing research* shows that we are in bad shape collectively. There hasn't been much improvement even after a long period of economic stability. Retirement saving is still dangerously low especially for almost everyone. 90% of the households […] Read More

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 […] Read More

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 […] Read More

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 […] Read More