- The Moneycessity Newsletter
- Topics
- Retirement Planning
Are Annuities a SCAM and Should You Get One?
Annuities receive A LOT of hate online, but is it really justified? Various types of annuities claim to solve different issues that a portfolio might face in retirement. I researched what actually goes wrong in retirement and whether or not the annuity is the right tool for the job.
How to Recover from a Huge STOCK LOSS
How to reduce financial risk and potentially benefit from failed investments? I am sharing a personal story about losing significant money on a certain SPAC and the underutilized, easy, and effective strategy for managing investment losses. I will also share specific scenarios where this approach works well and examine situations where it may not.
Why People REGRET Financial Independence Retire Early (FIRE)
Why do people regret early retirement? I thought that if I could find the answer, it might help me plan for my own future. But instead, what I found had much more impact on how I live my life right now. To find the real gems, I went into a subreddit that was biased towards early retirement and looked for consensus against the FIRE movement.
4 Unusual Investments You Can ACTUALLY Do
What is the best unusual investment for passive income? We have all been told to invest in assets but that’s like your doctor telling you to eat healthy. It’s super vague and very difficult to start. Most of conventional wisdoms were just either stock-related or not passive at all. Out of frustration, I decided to make my own list of UNUSUAL, PASSIVE, and EASY investments that I can begin from my phone.
Is Emergency Fund DEAD in 2024?
Should I save for an emergency fund? They told us that we need an emergency fund but do we really need it and if so, how much is too much for an emergency fund? I will share the opportunity cost of having an emergency fund, whether I am overfunding or underfunding my emergency fund, and the best types of accounts for storing my emergency fund.
Frugal Living Tips to Save Money: How I DECLUTTER My Expenses
How to save money frugal living? I am sharing 4 tips on living a frugal yet fulfilling life with his wife Natalie and our two cats Lili and Mom. For us, it is all about getting the most happiness out of every dollar spent and being mindful about 4 spending categories that can get in the way of getting to financial independence.
How to COAST to Financial Independence (EVEN IF YOU'RE BROKE)
What is Coast FIRE and how can we use Coast Fi to reach financial freedom? Instead of focusing on the dollar amount, tracking share count is a more stable metric towards financial independence especially when using dividend reinvestment plans (DRIP). Using the S&P 500 ETF (VOO) as an example, I am trying to figure out the share count to cover basic expenses taking into account compound interest and dividend reinvestment.
How to Start DIVIDEND GROWTH Investing for Beginners
I'm going to take a deep dive in the dividend growth investing strategy by analyzing 3 characteristics of superior dividend companies. After exhaustive research, I found 4 criteria that any dividend growth ETFs should have in order to outperform the S&P 500.
How To MAKE MONEY on Your First Home
How to make money off my house? If you made the same mistake and bought a house as your primary residence solely because you thought it would be a good investment like me and Natalie, you’ve come to the right video. We will compare the yearly costs of owning a house to renting an apartment in a 10-year projection and discuss 3 methods to reduce expenses and make money without leaving the house
Why Buying a House is the WORST Investment of My Life
You’ve heard it before: “Renting is throwing money away’’ but is buying really better than renting? Today we’re going to do the math taking into account opportunity cost. I will compare the cost between owning and renting taking into account the down payment, closing costs, mortgage payments, maintenance, tax, and insurance for buying a home in Texas.