Finance


Hey everyone, it’s Finance Fridays again. Last week we talked about “different numbers” for “different Walters”. Today I want to discuss “How Much is Too Much?” How Much is Too Much? This question is mostly centered around retirement. As you know, my “number” currently would be considered especially high by some. For example, the friend of mine who needed $4 million, clarified to me that he only needed $4 million in all assets, which I […]

How Much is Too Much? #illumedati


Hey everyone, it’s Finance Fridays… but I forgot to write this post on Friday — so here it is — on Saturday. Sorry about that. Anyways, let’s do a “Windfall Management Exercise”. Windfall Management Exercise? Yea. I’ve talked about windfalls before in some previous posts. A windfall is defined as: 1: something (such as a tree or fruit) blown down by the wind 2: an unexpected, unearned, or sudden gain or advantage from Merriam Webster In this […]

Windfall Management Exercise #illumedati



1
Hey everyone, it’s Finance Fridays again. I’ve talked about this before, but I think it’s worth looking at again. Today we’re going to answer the question “Should I use a Roth 401k?” Should I use a Roth 401k? I’ve talked about this before, and in general, I think the best (and only) time to use a Roth 401k is when you are in residency. You can read about it here: Roth 401k/403b in Residency Roth […]

Should I use a Roth 401k? #illumedati


Hey everyone, it’s Finance Fridays. As you may know, I’m a big proponent of buying a car used. However, today, I’m going to look at an alternative I will likely never do, but can try to explain the reasoning for… “The Case for Leasing a Car“. The Case for Leasing a Car Like I said before, this is something I will likely never do, but I want to explain that it may make sense in […]

The Case for Leasing a Car #illumedati



Hey everyone, it’s Finance Fridays again and this is going to be a short post today (I think). Today I’m going to discuss “Lifestyle Creep“. Lifestyle Creep By the way, that picture is only kind of related. I just kind of searched for “hiding” and this picture came up. I think it illustrates the idea of “creep” with a harmless looking squirrel “creeping up” on you from the front of their toy train. It made […]

Lifestyle Creep #illumedati


Hey everyone, it’s Finance Fridays again. Recently, I’ve been considering cutting down my emergency fund. So today I’m going to talk about “Do I really need an Emergency Fund?” Do I really need an Emergency Fund? Conventional wisdom is that your emergency fund should consist of 3-6 months of “fixed expenses”. For example, a mortgage payment, loan repayment, food/water, etc. Basically, it should be enough to keep the household running for a certain period of […]

Do I really need an Emergency Fund? #illumedati