Gross them up to account for tax relief. Don’t add investment income and gains. These are accounted for in the return assumptions that follow. The number you’re left with is how much you should be saving a year. Now take your total savings and perform the following calculation as ...
The ability toincrease pay, and increase it substantially, solves a ton of financial problems that real doctors run into and email me about all the time. It's way easier to pay off your student loans or mortgage on twice the income. Even after-tax, it's much easier to become financially...
How much you keep is even more important than how much you make. There are people who make millions of dollars and end up broke years later. The simple reason is because they had no idea where their money went. Perhaps they made some ill-timed investments. Maybe their risk expos...
tax advisors, estate attorneys,legal and contract review,mortgage professionals, andinvestment advisors. Be sure to bounce the advice you’ve received off someone with no conflict of interest in the transaction, realizing that no one cares about your financial success nearly as much as you...
Win, win. This is obvious from the chart. Pay special attention to the y-axis; FI has accelerated by as much as 20 years Average time to reach a 25x asset level is only 17 years. An additional 3 and 5 years are required to reach 33x and 50x, respectively, on average. ...
Given the power of inflation, to neither max out your 401(k) nor invest an additional 20%+ of your after-tax income if you don't have a pension is risky. When it comes to your money, it's always better to end up with too much than too little. ...
“Junk” silver is an ounce and so on. This way, you can always figure out how much you are paying per ounce when you buy “Junk” silver. The most desirable “Junk” from best to least are half-dollars, quarters and dimes. There are a few later years of coins after 1964 (mostly...
Q1. “Net worth” is an accounting concept, so I use the accounting definition. Home value included. Q2. Mortgage (when we had one) was thus included as well. Q3. See Q1. All (and only all) of our assets; all (and only all) of our liabilities. ...
How is earnings before interest but after tax equal to tax shield? What is the easiest way to purchase a second home? We own our home, have a line of credit and just enough savings to pay cash. Why are most personal loans much smaller than mortgages and home equity loans? How could ...
However, if people are not willing to pay much for such advice, obviously there’s no point of getting licensed and certified and paying the associated costs.So do you think there is an under-served market for unbiased financial advice? I can think of some friends and family members who ...