The Rule of 72 is a formula for estimating how many years it will take for an investment to double in value with a given interest rate. The formula is simple enough and close enough to the computed value that you can use it for ballpark estimate with very little effort.
The hardest part of investing is learning how to get started. In this post, I go over exactly what I’d recommend to someone starting today with $1,000 to invest.
When I was 26 I left my first job. It had a 401k that I had been contributing to since I started. Being the responsible investor I was at the time, I immediately decided to rollover that 401k into an IRA at my bank – Bank of America at the time. The total amount of […]
A rundown on my investments, spending and finances over the last quarter. My investments were down 0.91% while my net worth was up 9.79%.
I’m always interested to hear how other people are minimizing their tax liability after retirement. Here is my personal strategy that we’ll be using to reduce our taxes to nearly zero when we stop working. This approach sounds unrealistic, but you might be able to hit $0 in taxes too!
Dividends may seem like a free money, but if you’re not prepared for it you’ll be caught with an unexpected tax-burden at the end of the year. My own investing strategy relies on both reducing dividend in taxable accounts and embracing them tax-advantaged ones. This allocation helps to cut taxes to the bone.
Every quarter I analyze my investments, share my net worth and assets with the world. This was a crazy quarter. My investments inched up 2.84%, but my net worth jumped an astounding 71.9%! See what led to this dramatic and unexpected jump.
I’ll be honest, I’d never heard the term ESPP or “employee stock purchase plan” up until recently. As soon as the company I work for announced they were starting one, I began consuming everything I possibly could about them. Are they worth it? Why should I use one? What’s in it for me? If you’re […]
Minafi.com was launched about a year ago, but like all stories, Minafi’s starts in the middle. Here is the background on what led up to the launch of Minafi in the decade beforehand, the year since and what the future could hold.
If you want to achieve financial independence earlier in life, there’s a lot to know! Budgeting, investing, tax-strategies and how to use every tool at your disposal to retire early. Here is a map of everything you need to know to retire early looking back at the best articles in the last 10 years.