Today we continue the ESI Scale Interview series where people answer questions about their success at working the ESI Scale. In short, the series focuses on what the interviewee is doing in the areas of earning, saving, and investing. They also get an opportunity to ask ESI Money readers for suggestions if they choose to do so. Since the series is just getting started, … [Read more...]
Archives for January 2018
Millionaire Interview 37
Here’s our latest interview with a millionaire as we seek to learn from those who have grown their wealth to high heights. If you’d like to be considered for an interview, drop me a note and we can chat about specifics. My questions are in bold italics and his responses follow in black. Let's get started... How old are you (and spouse if applicable, plus how long … [Read more...]
2017 Financial Year in Review and 2018 Forecast
At the end of each year I like to dig into my finances to do a bit of a review. Since I have all my numbers in Quicken, it's pretty easy. And I thought you might find the results interesting -- so I'm turning it into a post! As a reminder, 2017 was my first full year of retirement, so it provides a good insight into how our finances might play out over the rest of our … [Read more...]
Maxing Out a 401k and Early Retirement
In my post titled Three Sentences that Lead to Wealth, I made the following comment: The 401k up to the full match is a no-brainer. After that, it depends what you are trying to accomplish and by when. I maxed out all my tax-advantaged accounts and wish I had put a bit of that money into taxable accounts for easier access. One reader responded to that with the following: In … [Read more...]
Millionaire Interview 36
Here’s our latest interview with a millionaire as we seek to learn from those who have grown their wealth to high heights. If you’d like to be considered for an interview, drop me a note and we can chat about specifics. Today our interview is with Ms 99 to 1 Percent from 99to1Percent. My questions are in bold italics and her responses follow in black. Let's get … [Read more...]
ESI Scale Interview 2
Today we continue the ESI Scale Interview series where people answer questions about their success at working the ESI Scale. In short, the series focuses on what the interviewee is doing in the areas of earning, saving, and investing. They also get an opportunity to ask ESI Money readers for suggestions if they choose to do so. Since the series is just getting started, … [Read more...]
Help a Reader: How to Retire with Plenty of Assets
Here's an email I received from a reader looking for some suggestions: From an early age, my wife and I were taught to save. So we paid ourselves first before anything else. By the time I met my wife to be we were both working for Johnson and Johnson. We maxed our 401k’s, deducted for savings bonds (remember those?) and company stock. We probably averaged close to 20% of … [Read more...]
Millionaire Interview 35
Here’s our latest interview with a millionaire as we seek to learn from those who have grown their wealth to high heights. If you’d like to be considered for an interview, drop me a note and we can chat about specifics. This interview's guest is Mr. Shirts who writes at Stop Ironing Shirts, he goes into nice detail about growing a network and how he increased his income … [Read more...]
Help a Reader: Investing and Real Estate
Here's an email I received from a reader looking for some suggestions: Hi! I am interested in advice on investing in mutual funds, index funds and real estate. Our goal is to be FI/RE by 50. Our ages are 34 (me) and 33 (husband) right now. Background Information (before raises in March)... My husband and I will be 100% debt free as of November 30th. We will be … [Read more...]
ESI Scale Interview 1
Welcome to my new interview series titled "ESI Scale Interviews". The name comes from a post I initially wrote titled Working the ESI Scale to Financial Independence as well as a follow-up from a reader titled A Great Example of Working the ESI Scale. In short, the interviews will focus on what the interviewee is doing in the areas of earning, saving, and investing. There … [Read more...]
