What do rising interest rates mean for your finances? Rates have been rising since March of 2022 when the Fed began an aggressive campaign to attempt to stabilize the economy and fight inflation. Rising rates make borrowing money more expensive, but they also make saving rates more attractive. Here is a quick look at how […]
I’m still busy building cash. Recently, I’ve decided to split my cash savings into two different accounts. Half will be going to my current savings account and the other half to my brokerage account. There are a few reasons why I’m taking this approach. Here is a quick summary. Too Much Cash? I don’t consider […]
How are you saving? I recently wrote an article on having an emergency fund, and part of having such a fund entails actually saving up money. So, how does one save up money? It seems simple, but like everything, you should have a strategy. Methodology My basic formula for saving up cash is to use […]
Some time ago, I wrote an article about the famed 1%, suggesting it all depends on how you measure it and some of you may even be part of it! The 1% means different things in different contexts. Apathy Ends wrote a post titled Can you do 1% better showing how even a small increase in […]
We all have to live somewhere. We also need a roof over our heads. Even before the buy vs. rent argument enters the picture, what’s even more important is the allocation you give to your housing expense as a percentage of your income. The math of compounding works in such a way that the early […]
Today is the last working day of a 29-year young professional in my team. A month ago, he walked into my office with a long face and with timid words, he said he wanted to quit his job. He was an above-average performer, and was clearly competent in his job. While I could […]
The following is a guest post from Grant Swann. While we are in the midst of our investment series on Dividends vs Index, this post addresses a basic question on why to even bother investing. Since a shocking 80% of the millennial generation don’t invest, fundamental topics like these serve as guidance for millennials and a reminder for the rest of […]
Budget setback? Don’t worry.
The following is a guest post from my friend Ethan. Given the retirement crisis, learning how to handle setbacks in personal budgets is relevant to many. I hope you find it useful.
Effective budgeting typically lies at the core of a successful, long-term financial strategy. Whether it is a relatively informal register of income and expenses, or a detailed, categorical log of household cash flow, keeping track of your money increases financial security.
Raman Venkatesh is the founder of Ten Factorial Rocks. Raman is a ‘Gen X’ corporate executive in his mid 40’s. In addition to having a Ph.D. in engineering, he has worked in almost all continents of the world. Ten Factorial Rocks (TFR) was created to chronicle his journey towards retirement while sharing his views on the absurdities and pitfalls along the way. The name was taken from the mathematical function 10! (ten factorial) which is equal to 10 x 9 x 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 = 3,628,800.