3 Reasons Why I’m Not Maxing Out My 401k

not maxing out my 401k

All you personal finance geeks, get your gasps ready….

I’m not maxing out my 401k.

Am I nervous about it?


Do I think I’ll change my mindset in the near future?


Would I tell you to max out your 401k?

Probably not….

3 Reasons Why I’m Not Maxing Out My 401k

It seems like an absolute sin in the personal finance world, but I’m just not a big fan of maxing out my 401k. Why not? There are actually quite a few reasons. Three to be exact…

1) I’d Rather Pay the Taxes Now

Most people love investing in their 401k because it’s tax deferred – meaning, if they invest the money today, they can avoid paying taxes until they take their money out later.

This is great and all….but here’s my take on it:

The United States’ national debt has more than tripled since 2001. In just . . . → Read More: 3 Reasons Why I’m Not Maxing Out My 401k

What Is Fundrise? And Should You Invest Your Money Here?

Invest in Fundrise

You’ve probably seen all the overly-appealing ads at this point, either through Facebook or on TV. Fundrise is a company that invests in real estate projects and earns interest on their loans to developers – often at a rate of 10%-12%.

Here’s where the message gets good for regular schmoes like you and me…

Do you know where Fundrise gets their money from for their investment projects? From the general public who wishes to invest as little as $1,000 in the project. Essentially, Fundrise is a mutual fund company for real estate ventures and cuts out a bunch of middle men in the process.

Sounds pretty good right?

At first glance, yes….but should you invest in Fundrise?

Your Investment in Fundrise

(Updated: 9/29/2017)

There are loads of personal finance bloggers that absolutely love Fundrise. In my opinion though, it’s only because they’ve got a carrot dangling in front of their . . . → Read More: What Is Fundrise? And Should You Invest Your Money Here?

18 Tips to Get Rich (From Actual Millionaires!)

Tips to Get Rich


They drive through their gated communities on golf carts, give fake smiles to everyone they see and wave that silly open-fingered punch as if they’re giving a high-five to your forehead. They dine at the local country club and eat only in miniature because that’s the classy thing to do. Never would you catch them in your local grocery store or gas station. They’ve got servants for that kind of thing.

Ummm…. I don’t know how to break this to you, but the above paragraph is absolutely false (and is only relevant in 3-star movies or less).

In the real world, millionaires walk among us each and every day. In fact, there are 10.4 million millionaires in the United States today, which means that if you see 300 people a day, 10 of them are millionaires….And I bet you couldn’t pick them out either.

18 Tips to Get Rich . . . → Read More: 18 Tips to Get Rich (From Actual Millionaires!)

Will You Have Enough Money to Retire? (Use This Free Tool to Find Out)

Will You Have Enough Money to Retire

“Will I have enough money to retire?….Or will I end up broke, surviving on dog food and spam?” I joke about it, but this is a serious worry for 99% of us today, and why shouldn’t it be? Socking money away for retirement isn’t easy, and it can get pretty complicated figuring out exactly how much our monthly contributions will grow into 40 years from now.

That’s why I created this simple tool, “The Retirement Calculator“.

Simply click the link and the calculator will download to your PC – you’ll see it in the lower left-hand corner of your screen once it downloads.

Will You Have Enough Money to Retire?

To figure out if your money will last through your entire retirement, you’ll have to answer just five simple questions:

How old are you? At what age do you want to retire? How much money is currently in your retirement . . . → Read More: Will You Have Enough Money to Retire? (Use This Free Tool to Find Out)

You’ve Got Money, Now What?

You've got money, now what?

Most of the adult population is asking Siri questions like,

“How can I buy a house with $0 down?” “What should I do if I can’t make all of my payments this month?” “How do I survive on Social Security?”

But not you…

You’ve Got Money, Now What?

You’ve scrimped, saved, sacrificed, and now you’ve got a pretty impressive nest egg built up for yourself. First of all, congratulations! You’re one of the few.

But, because you’re in the financial minority, there really isn’t a ton of material out there for you, the responsible saver with loads of money. So what is it that you should do?

1) Let Yourself Enjoy It

All your life you’ve been following the mantra of living below your means, saving for a rainy day, and investing heavily for your retirement. You are a natural saver. When you live like this for 20, 30, or . . . → Read More: You’ve Got Money, Now What?

10 Ways to Earn Money With Your Tax Return

Earn Money With Your Tax Return

People all across America are opening their mailboxes with that unmistakable grin on their faces. Finally, it’s not just bills in that metal box. There’s a paycheck in there and it’s from Uncle Sam! They grab that holy grail of a parcel, hold it up in the air and shout, “This money is going straight to savings!”

….Errrr, maybe not.

More than likely, they’ve already found out how much they’re getting back, spent it 3 times over with their credit cards, and now they’ll spend this money foolishly on something else (you know, instead of actually paying for the dumb thing they bought when they heard they were getting the refund).

This post contains affiliate links.

10 Ways to Earn Money With Your Tax Return Dollars

But YOU are different. YOU’RE reading this blog because you want to be fiscally wise and are therefore thinking differently about this money. What . . . → Read More: 10 Ways to Earn Money With Your Tax Return

The 5 Basics of Investing That Everyone Should Know

Basics of Investing

Are you curious about investing, but are afraid that you don’t know enough? Or maybe you’re terrified of losing money? You’re not alone for sure. I have a job in finance and I own and operate this personal finance website, and I still often feel like I don’t know enough!

But the truth is that absolutely no one knows everything there is to know about the world of investments – even those that do it every day. But each day another millionaire is made because they learned a few simple investment basics many years ago. And now, it’s your turn.

The 5 Basics of Investing

Here’s my disclaimer… I am not an investment professional nor do I claim to be. BUT, in the past six years I have turned my non-existent retirement account from zero dollars to over $70,000 with positive earnings in every year.

These are the principles I . . . → Read More: The 5 Basics of Investing That Everyone Should Know

The Rental Property Wealth Calculator: Your Path to Millionaire Status

Rental Property Wealth Calculator

Do you have a passion for real estate? Have you ever wondered how fast your rental empire could grow? And how quickly you’d become wealthy?

I’ve spent quite a few nights trying to figure out over the years:

When we’ll have enough money to buy the next rental How much we’ll earn from year to year And how much our net worth will grow as I acquire more and more rentals

Pretty much I always ended up with a notebook page filled with scribbles and cross-outs, and a very vague sense of how everything would play out with the rentals 10+ years from today.

Finally, I decided that I’ve had enough with my rough estimations! It was time to figure out all of the details exactly. So you probably know what that means! It was time to build another Excel-based calculator! 🙂

(Interested in all the free tools I’ve . . . → Read More: The Rental Property Wealth Calculator: Your Path to Millionaire Status

5 Influential Investing Books We Should All Read

influential books we should all read

Unless you have a business degree or work in the world of finance, investing can be intimidating. However, what you don’t know about stocks, bonds and mutual funds can be downright expensive; if you pick the wrong fund for your 401(k), IRA, taxable account or any other, you can put your financial life at risk.

Fortunately, there have been some terrific influential books written that can help distill the art and science of investing into something the average reader can understand. Here are five great books every new investor should add to their library, as they try to comprehend the world of high finance.

This post was written by our talented writer, Will Lipovsky. Enjoy!

The Intelligent Investor

If you could only read one book on investing, Benjamin Graham’s 1973 classic is the one to choose. The Intelligent Investor describes the history and operation of the stock market, its inner . . . → Read More: 5 Influential Investing Books We Should All Read

Investing: It’s Not About The Percentage of Growth

It seems like everyone is trying to beat the market these days. If the general market earns 8%, they want to earn 10%. If it reaps gains of 12%, then they want 15%. And they figure if they pick just the right stocks, they can earn beefy returns and retire with loads of cash at their disposal.

I guess it makes sense, right? If I was given the choice between 10% returns and 20% returns, then I’d choose 20%! I mean, why not? The only thing is, nobody has a clue how to do this. In fact, it’s been proven time and time again that monkeys can choose stocks better than the financial experts!

And you know what? A massive percentage of growth in your investments isn’t the main factor to riches anyway! Think I’m nuts? Read on and let me prove you wrong. I promise I won’t gloat too . . . → Read More: Investing: It’s Not About The Percentage of Growth