Financial Update

Another month, another update. Some random thoughts this month. The humbling mathematics of retirement savings. The mathematics of retirement are daunting. In order to retire, you can only withdraw 3-4% of your investments annually. This is known as the safe withdrawal rate. 3% is a more conservative number. 4% is less so. Good discussions on … Read more

Another month, another update. A few anomalous expenditures for November 2016 to point out: $1k for new tires & brakes for car. Cars are expensive. I didn’t fully appreciate it until tracking my spending on this blog. $1k for home gym. I convinced my wife to cancel our YMCA membership ($80/mo) as a result. Break … Read more

The steps to accumulating wealth are dumb-simple, as described here: https://frugalprofessor.com/start-here-the-recipe-for-wealth-accumulation/. In those 3 posts, I’ve essentially exhausted my ability to say anything more on the topic. Step 1.) Be frugal. Step 2.) Minimize your tax burden. Step 3.) Invest your savings wisely. In an effort to have this blog contain more than 3 posts, I’ll track our … Read more