Wednesday, June 08, 2011

Timeless Articles from the Archives #43

It's been over four years since I started My Wealth Builder. As I think about topics to write , I often remember, "I've written about that before," and decide to find a new topic. However, since many principles of personal finance are timeless, I want to include them in a recent post on My Wealth Builder. Therefore, I have started a series called "Timeless Articles from the Archives" which highlights posts from the same week in 2007-2010.


My House Payment As A Percent of Salary   - We were typically in the  20-25% range.


How We Think About Our House Financially     -  We do not take any financial risks with our house. Here's our financial do's and don'ts for our house

Manage Retirement Withdrawals Carefully  -  A good approach is to withdraw less in down markets and more in up markets.  Needless to say, we have been withdrawing less for the since 2007.

Redistribution Of Wealth    -  Here's why government programs to redistribute wealth won't deliver the desired effect.


Who's to Blame for Losses in our Retirement Savings?   - The majority of the blame rests with us, because we, and we alone, are responsible for our financial well being.

Next Generation Bailout Acronyms     -  Here's what I really think about the bailout and stimulus programs :-)



To me, the content of these posts are still relevant today and worth reading again.

For more on The Practice of Personal Finance, check back every Wednesday for a new segment.

This is not financial, retirement, or saving advice. Please consult a professional advisor.

Copyright © 2011 Achievement Catalyst, LLC


Financial Independence said...

Honestly. Life is a collection of experiences.

The best way to save - have two-three jobs, do not go out or on vacation. Do not have anything on your mind but job and savings.

Sure you can retire at 40+. Even better - you won't need much, as during your life you did not do much.

Is it what the life is about?

I am not advocating it, as a life style. But when I analysed our family expenditure over three years. I just got some information and we decided to freeze them. Not cut, just try to control ourselves.

Otherwise what is the point? A penny for your thought.

Super Saver said...

@ Financial Independence,

Per your request, here are my thoughts:

To me, life is about making choices and living with the results of those choices :-)

As for saving, I believe the best way is to "pay myself first," and then spend the remaining amount on whatever I want. That includes vacations and eating out :-) Perhaps, I was lucky to have a job that allowed us to do that.

The scenario you shared is one way to save and retire early. However, the approach is not very inspiring :-( (I would not want to live the scenario you shared.)Fortunately, there are other more appealing approaches to saving and retiring early.