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Tag: early retirement

Going Over The Allowed 401K Limit

Going Over The Allowed 401K Limit

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One of the beautiful ways of having that retirement cushion is to invest in your retirement through your 401K, IRA, Roth IRA, or TSP (401K version for federal employees). One of the benefits of enrolling in your employer’s 401K/TSP plan is that they typically contribute a percentage to it. I’ve had employers who match 3% of my contribution up to 5%. Why wouldn’t you want to enroll in a 401K/TSP plan? Besides the pre-tax benefits and employer additional contributions benefits,…

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Train Yourself Early

Train Yourself Early

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When I look back at my childhood, I wish my parents taught me more about money, the value, and ways to save or invest. I know that in the 80’s and 90’s, it was a different time. Money was harder to come by. Investing wasn’t as easy as opening up a Webull or Robinhood account and start trading. But I wish I had learned more of the fundamentals and foundations earlier on. Train yourself early. I love my parents and…

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What’s Better Than A Freebie?

What’s Better Than A Freebie?

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I tell my children that nothing in this world is free. But is that true? You can find great deals but what if you can go shopping, come out with some items, and not spend any of your money? Jackpot! Free! Free! Free! I’ve have a few scenarios where I received some things at no cost and it’s one of the best feelings. Coming out without having to pay a dime! What’s better than a freebie? ***Disclaimer*** You do have…

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You Make Enough But You Need More

You Make Enough But You Need More

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Ever ask yourself, why don’t I have enough money even though I have a good wage or just got a promotion? Where’s my money going? You make enough but you need more, why? You’re not alone. Parkinson’s Law says “work expands so as to fill the time available for its completion.” What on earth does that mean? Where did the time go? Have you ever said that when you took a day off or had a plan to do certain…

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If It Doesn’t Look Right

If It Doesn’t Look Right

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My daughter was so excited when she saw that Starbucks was having a Buy One Get One (BOGO) offer and she wanted to go and get 2 drinks for the price of 1. I said that’s great and give your brother the second one. Luckily, Starbucks is walking distance from us so she went to get the deal. She came back and said I have something to tell you. Ok, my first question was going to be what drink did…

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It’s A Lifestyle Change

It’s A Lifestyle Change

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I like to make references between having good finances and having good health because there are characteristics that are similar and strategies for having good health can also be applied to having good finances. I’ve had major health issues recently and I’m making a change for the better by eating better, knowing what I’m eating, how much I’m eating, and exercising. I lived a lifestyle that wasn’t good for my body and I tried to make some changes here and…

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If It Ain’t Broke

If It Ain’t Broke

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I know I know…ain’t isn’t a word but it’s a catchy title. You see an ad or an item on sale, and you tell yourself “That’s something I could use.” Even though you already have something equivalent, you might be thinking wouldn’t it be nice to have the latest and greatest, the newer model. My family and I were driving in the car and my wife asked me if we needed a new strainer because she saw one on sale….

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Turn A Hobby Into Profit

Turn A Hobby Into Profit

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Do you ever think you can turn a hobby into money? Do you like cooking, gardening, taking photos, taking videos, fixing computers, gaming, taking care of kids or pets, fixing cars, collecting items, or have any other hobby? Could you turn your hobby into a profit? There’s a possibility that you could. Early in my childhood, I had a hobby of collecting old money. 30 years later, I still have my collection. Can I profit from my childhood hobby? Here’s…

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Be With Financially Healthy Habits

Be With Financially Healthy Habits

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Who you surround yourself with has so much impact and influence on you. This doesn’t just pertain to finances but it applies to just about everything you do in your life such as your eating habits, travel habits, spending habits, and other lifestyle habits. When it comes to finances, who you surround yourself with can influence how you spend, save, and invest your money. Surround yourself with others who have financially healthy habits. This post isn’t meant for you to…

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You Check Your Financials Often

You Check Your Financials Often

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Do you check your financials often? Do you keep track of your spending? Do you check your bank account everyday and balance your checkbook? Wait…how many people still use checkbooks? However you balance your financials, the important part is that you do and that you do it often. Checking up on your financials doesn’t make you a person who focuses on money or makes you look like a person centered around money. There are very important reasons for checking on…

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