Tag: retirement
-
The 4% Rule: A Simple Guide to Building Wealth with a Mortgage
Building wealth is a process of weighing decisions in order maximize their impact on your long term net-worth. AJ breaks down why The Wealthy Idiots believe in the 4% rule when considering debt on your home and how it makes sense to use it to maximize your wealth!
-
DC Poc’s Investment Success: Interview with Entrepreneur, Founder at Wealthy Idiots, Finance Writer
In this interview, we discuss DC’s investment success over the past decade and how he’s converting his simple job income into a multi-decade wealth building plan. DC is an accomplished investor, finance writer and founder at The Wealthy Idiots
-
I was WRONG | How does Mortgage Amortization affect your Wealth?
Mortgage Amortization can be a confusing topic for new home buyers. AJ owns several homes, built an amortization calculator from scratch, AND still got confused in a conversation about it. AJ explains what Amortization is, how it evolved in the US over time, shows an example using the Wealthy Idiots Mortgage Calculator, and lastly, what this means for building your wealth!
-
Is your net-worth is stuck in your home?
Are you really a millionaire if your net worth is tied up in your primary residence? AJ asked recently, what would Dave Ramseys millionaire study look like if you removed peoples primary residence. This is an important question because it might determine whether or not you are capable of retiring!
-
REACTION: Dave Ramsey’s terrible advice given to first time home buyer | Dave Ramsey Show
AJ reacts to a Dave Ramsey Clip where a caller wants to know what to do with $550 thousand dollars he has in savings. Dave gives the most conservative advice that will actually cause the caller to lose money!
-
Americans 401k balances will make you sad
401k plans are continually growing in popularity. Today, more and more employers are offering the plan, which has become a staple of the retirement system of the future in the United States. That doesn’t mean the balances are booming. In fact, they’re rather pathetic.
-
This political debate got HOT! What side do we take on Electric Vehicles!?
The debate around electric vehicles has been huge, not only on our social media pages, but also in the country generally. We take a very nuanced position. AJ outlines the Wealthy Idiots position on EVs and what we are doing about it!