How to Crush Your Retirement Savings Goals

It's only natural I follow up my "Don't Save for Retirement" blog post with a one on how to crush your retirement savings goals. I hope your New Year goals includes a retirement savings goal. Whether you plan to save 15%, or max out your 401k and/or IRA, you should have a retirement savings goal you are working towards. The typical way people go about attacking their goal is taking the amount they want to save and dividing it by the number of pay periods in the year. I'll show you a different and more effective way to do it.

Don't Save for Retirement

America has a retirement savings crisis. Just how bad is it? Here are some daunting figures from an LA Times article: "About 22% of people ages 45 to 59 said they have no retirement savings or pension, according to a recent Federal Reserve study." That's roughly a quarter of the middle-aged population that need to get their act together. Furthermore, "about 61% of private-sector workers had access to a 401(k) plan last year, but only 43% participated."

Clearly America is falling short in saving for retirement. There are various ideas on how to solve this crisis, and I'd like to offer a solution of my own.

A Simple Trick to Help You Achieve Your New Year Goals

Happy New Year!

There’s nothing quite like the turn of the calendar to help people get motivated to achieve awesome goals. While it’s fun hearing all the goals people set, it's sad to know many people will give up on those goals quickly. Rather than sit back and laugh at people for falling short, I want to help you reach your goals.

The True Cost of Car Buying: Tale of Two Swine

There once lived two swine named NinjaPiggy and Trend. They were similar in every way, except the later had a taste for the high-end. This is the tale of the automobiles they bought and how their purchases impacted much more than just their trot. Every five years Trend upgraded his car and traded-in, while NinjaPiggy made each car last for ten. 

NinjaPiggy's Car Buying Rules

I narrowed car buying down into two phases. Phase 1 looks at rules for people who are broke, but need to buy a car (I define being broke as having negative net worth and not having anything saved for retirement). Phase 2 is for those who have a positive net worth, are saving for retirement, and who want/ need to buy a car.

Here are NinjaPiggy's car buying rules for Phase 2.

Don't Take Spending Advice From Tina Fey

Tiny Fey is funnier and wealthier than I’ll ever be. According to a quick Google search, she has a net worth of $45 million. Barring extremely massive stupid decisions, she won’t have to worry about money the rest of her life. That being said, I need to call her out. Her American Express commercials give downright bad spending advice. She can do what she wants with her money, but when she starts giving out harmful advice, I have to take a stand. Sorry Tina, I can stay silent no longer.

NinjaPiggy Hacks: Buying a Laptop

Welcome to the first post in NinjaPiggy's Wallet Hacks series. Before we dive in, I'd like to lay out the purpose of NinjaPiggy's Wallet Hacks. I'll be looking at real world examples on how to save money. However, my Wallet Hacks are about far more than showing you how to snag great deals.

I'll show you how saving money isn't about depriving yourself of nice things. I'll teach you how living with intention means getting more of what you want. 

In part one of the Wallet Hacks series, I’ll examine a purchase I made that is very instrumental to running NinjaPiggy. I’ll walk you through my decision to buy a laptop.