A while ago, I’ve written a post on the importance of bonds in a portfolio but did not publish it. I chose to rather share it with my friend Gen Y Finance Guy to guest post on his site. I have been following his blog since he started out and really enjoy his views and writing style.
GYFG has been sharing his thoughts now for 2 years and shares his net worth in full transparency along the way.
I read a lot of personal finance blogs and publications but one thing strikes me; there are so many writers that are telling their heroic stories about how they got out of debt. Guys like Grayson Bell from Debt Roundup is seen like a superhero when he gets out of $75,000 of consumer debt in 4 years.
I am all for getting out of debt and sites like Grayson’s does help thousands of people get out of the debt trap but there is nothing heroic about getting into debt in the first place.
Sometimes, I feel poor.
My bank account has a low balance and I use credit cards for all my purchases.
This might be the hard reality of many people living paycheck to paycheck. However, I choose to live like this to optimize my savings and live a better, happier, life. 🙂 For example, I do not keep a large balance in my bank account since it pays a whopping 0% in interest.
I was reading on Kitces.com and really enjoyed his post on Adjusting Safe Withdrawal Rates To The Retiree’s Time Horizon. Just before we dig into this article, remember that this comes from the assumption that a 4% withdrawal rate per year will not deplete your capital and can sustain you with a very high rate of success (see Trinity Study).
Every day we are bombarded with news. In the finance world, it goes from bad, to somewhat good, to plainly dreadful news. 🙂 In my field, I see many financial planners or financial service providers that will have TVs playing CNBC all day! I do not know if it is to show their client that they are on top of things or just to use as a decoration but personally, I think that the former use is much more appropriate.