Archive List for Personal Finance

I Become A Millionaire

Personal Finance

Journey To Become A Millionaire It has been 18 years since I moved to the U.S. and 14 years since I started working full-time. I spent the first 10 years setting up for life. I have been a middle-income earner during my early career. I grew my salary by working hard and switching jobs. My […]

Tax Optimization Strategy

Personal Finance

The 2 Most Common Ways to Reduce Your Taxes Tax Deductions (<$250K) Income Distribution (>$250K) Tax Deductions Reducing your taxable income by deducting variety of personal & business expenses is one of the most common ways to lower your taxes when your gross income is under $250K. It becomes less effective as your income increases due […]

Retirement Plan 2018

Personal Finance

We reassessed our retirement plan with the new tax bill and current spending figure. Housing Expense Townhouse for Rent: $2,500 – $3,000 4 Bedroom House for Rent: $3,200 – $4,000 6 Bedroom House for Rent: $4,500 – $6,000 Passive Income YieldStreet: 10% (12% target return less 2% cash drag) Option 1: A Happy Marriage Without […]

Investment Strategy 2018

Personal Finance

No More Backdoor Roth IRA Managing multiple IRAs is too much of a hassle. I will empty a Groundfloor IRA and a Lending Club IRA this year, and consolidate all funds to a Merrill Edge IRA. Litigation Finance Overweight I will transfer all remaining funds from DLI Fund to YieldStreet. My portfolio will be heavily […]

Mint vs. Personal Capital

Personal Finance

Switched from Mint to Personal Capital I’ve tested Mint for few months in 2015. There were 2 things I didn’t like about Mint. Unable to link Target REDcard. It was a deal breaker because I often shop at Target. Unable to add investments that Mint doesn’t support. My investments are mostly with cloudfunding platforms and private […]

Get Rich with Litigation Finance

Personal Finance

Due to a recent change in my investment strategy, I have to reassess my asset growth over the next few years. I start with an initial investment of $1,000,000 in the first 2 years, followed by an additional investment of $80,000 every year. The average case resolution time is 2 years with a 75% target […]

Investment Strategy 2017

Personal Finance

Backdoor Roth IRA I considered Vanguard or Fidelity for my annual backdoor Roth IRA, but I decided to stay with Lending Club. I signed up for the Groundfloor IRA beta release. My annual backdoor Roth IRA contribution will be invested in a Groundfloor IRA. I also start winding down a Lending Club IRA. Litigation Finance […]

Retirement Plan 2016

Personal Finance

Today’s my 37th birthday. Recently I am experiencing stress and anxiety at work. It has been taking a toll on my physical and emotional health. This might be a great time to get my retirement finances in order. We discussed different retirement plans. Various options were reviewed, and 4 key milestones came out. Early retirement became an obsession, and […]

To the top