Category: Money

What is Enough?

Even this doesn't come along for the last ride.

Even this doesn’t come along for the last ride.

Even an eye-less needle doesn’t come with you on your last journey”  says an old proverb.  A sewing needle is a trivial item anyone can afford and its essential part is the hole or the ‘eye’ where you pass the sewing thread. If that is broken, the sewing needle is useless. You cannot carry even such a useless item on your final journey, leave alone the nice things and the people you love.  This is the inner meaning of that proverb.  It may be depressing but that’s the stark truth.  (more…)

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Not Another Buy vs. Rent Post!

Haven’t we seen a lot of those already?  The personal finance blogosphere is filled with material, both strongly for and vehemently against, homeownership. Due to my preference for a globally mobile career and the ‘invincible’ DC market saga, you know which side of the fence I am on.   But the real estate asset class can’t be broad brushed by individual experiences.  It can be a delicious entree or a nice side dish in a fulfilling financial meal, if done well and in moderation. I will give you my personal recipe here.

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https://en.wikipedia.org/wiki/Dodo

Are You Biased?

It's not so obvious always.

  It’s not so obvious always.

Of course, you are! We all are.  We just don’t want to admit it.   The biases we have are so hidden and yet, so effective, that they pretty much control how we think, speak and act in many situations.   That’s a pretty tall claim, I know.  In my life and in my corporate experience, I have often found that those who feel they are objective or unbiased often have deep-rooted biases that they think actually make them unbiased!  Ironical, isn’t it?  Such is the nature of cognitive bias (as psychologists call them) that it spares no one on its path.  They can stop you from investing efficiently.   They are enemies on your path to financial independence.  

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How To Invest Efficiently

The real path. No gimmicks or short-cuts.

The real path. No gimmicks or short-cuts.

My past articles have been on many essential topics relating to life, work, savings and even relationships.   Those posts serve as preparatory work for getting into a serious topic in this article – on investing.   Before starting on our investing journey, it is clear that we should learn to save more and be sensibly frugal.   The next step is to understand what efficient investing is – nobody taught me this but I learned the hard way by making mistakes, which I hope you will avoid.  You are smart to learn from my past investment mistakes.  Efficient investing is an important concept that will make a huge impact on your future, easily adding over $100,000 to your retirement stash with no effort on your part!

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Simple Trick To Save More

This trick is a cute little devil that helps you reach FI!

This trick is a little devil that works for your FI!

If you have read the article about retirement crisis, you would have rightly concluded that it is in many ways a ‘savings crisis’.   Here at Ten Factorial Rocks, we believe in earning more income as a better way to increase savings, but let’s face it – for many people, that’s not an immediate possibility.   However, that’s the direction to put efforts in the long-term if you want to accelerate your journey to Financial Independence (FI).  In the meanwhile, should you use ‘less income’ as an excuse to put off savings?  Clearly, that’s not sustainable behavior.  The 10! way is ‘devilish’ about both income and expenses, but in a sensible manner. 

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Money & Relationships: Rules That Work

Love may be blind but life isn’t! Long term domestic partnerships are not the garden path of roses leading to a velvety beach that romantic novels, movies and dating websites want you to believe.   As a married man for over 12 years, and also, raising a kid together, I think I have earned the right to comment about domestic partnerships. 🙂  This post is about a topic that any person with a ‘significant other’ must confront at some point on their journey towards financial independence.   

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What gets measured gets GROWING!

     Get your net worth growing and retire confidently! Quick, what’s your net worth today?  Can you answer this question within a couple of minutes?  It is vital to measure where you are in your journey towards financial independence (FI).  With just a few keystrokes, there are modern tools available to track what you own, […]

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Work Abroad Before You Retire

If you are well aware of the retirement crisis in the first world or worried about your own retirement, then you have come to the right place.  In an earlier post, we saw how a simple decision to rent, while giving you the opportunity to be globally mobile, can help accelerate your journey towards financial independence.   Once you learn to move and thrive in your new role for work in a new place, you will not worry about doing the same in retirement to enjoy a higher quality of life.

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Nothing more scary than being old and penniless.

What The Retirement Crisis Means for You

Nothing more scary than being old and penniless.

Being old and penniless – now that’s scary.

Let’s face it.   Americans, and for that matter, most of the western world, are ill-prepared for their retirement.   Reading ER blogs and personal finance websites will not give you the real picture as the authors and commentators are a progressive bunch who, collectively, are better off financially than others.  The real truth, of course, is scary.  In this post, I analyze two charts from a well-researched American study to explain what this means to you and why you should care.

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Are You a PAW Yet?

I am a PAW. Are you?

                                                          I love PAWs.  Don’t you?

A scoreboard keeps us engaged in the game.  As a player, you need to focus on the game and not on the scoreboard, but once in a while, it helps to lift your head up to see what the score is, so you can change your game accordingly.  A scoreboard also keeps us grounded, gives us a chance to pat ourselves on the back when we are doing well, or say meh when we are doing just OK and importantly, give us a kick in the shins (not this shins) or in the a** if you prefer, when we need to catch up.

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