Of the various things I choose to spend money on, dining out is probably my biggest splurge. This doesn’t mean that I spend more on restaurants than, say, my mortgage. Rather, in the context…
If you have a chance to make a few million dollars by working a couple extra few years, should you take it? Does the answer change if you have $5 million already? This is…
For many people in the community, Reddit is the gift that keeps on giving. However, one Redditor got a lot more than what he bargained for. A 33-year-old male posted in the HENRYfinance subreddit. His…
When I see people talk about early retirement, I sometimes get a little worried for them. Stretching a nest egg — even a large one — gets more and more challenging when you leave…
Before retiring, it’s critical to make sure you have the funds you need to support you for the long haul– especially if you are only in your 40s when you call it quits. One…
Dave Ramsey has shared financial advice for decades, and one view he expressed in an older YouTube video continues to hold up well: 401(k) plans are better than pensions. He argues that 401(k)s have…
Life insurance policies offer financial insulation in case a spouse passes away. While whole life insurance offers better protection since it never expires, term life insurance is more affordable. However, a life insurance policy…
If you’re young and more than willing to take on more risk for a shot at bigger gains over the medium- and long-term, it may be tempting to go for more speculative, high-momentum types…
Saving for retirement in an IRA or 401(k) could result in major tax savings. Not only do you get to exempt some income from taxes, but you get to enjoy tax-deferred gains in your…
A Redditor in their early 40s has amassed a $10 million net worth and wants to set up trusts for their four children. However, the Redditor doesn’t like the idea of their children receiving a…
Is it reasonable to spend $38,000 per month? A Reddit user posted this question recently. At first glance, you may say no way considering it’s around 60% of the total amount the average American…
24/7 Wall St. A lot of people have the mindset that there’s no such thing as having too much money. So I found it really refreshing to come across this Reddit post. Here, we…
As someone who spent the first part of her career working a stressful finance job, I can definitely relate to workplace burnout. In fact, I found my first job so stressful that despite the…
A lot of people dream of an early retirement. And for some, it’s possible to make an early workforce exit while still accumulating a large sum of money. But it’s one thing to retire…
It seems like every prospective retiree wants to triple down on travel experiences in their golden years. Whether such a retirement vacation plan entails Caribbean cruises, visiting every State in an RV, venturing through…
