Archive List for Personal Finance

Tax Optimization Strategy

Personal Finance

If your investments don’t require material participation, and if someone who has zero ordinary income can invest on behalf of you, you could save more than $40,000 for $120,000 passive income. The potential candidates could be retired parents, stay-at-home relatives, or children. SEC doesn’t place an age restriction on the accreditation requirements. He can be a 1-year-old・・・

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 Too much of a hassle to manage. I will empty Groundfloor IRA in the first quarter of 2018 and Lending Club IRA by 2021. I plan to consolidate my Roth IRAs to Merrill Edge brokerage accounts. Litigation Finance Overweight I will transfer all remaining funds from DLIF to YieldStreet. My・・・

I Become A Millionaire

Personal Finance

Journey To Become A Millionaire It has been 18 years since I moved to the U.S. I spent the first 10 years setting up for life. I have been a middle-income earner during my early career. My income doubled after I moved to a big city. I lived through the mid-2000’s housing bubble. I had・・・

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 Groundfloor IRA. I also start winding down Lending Club IRA. Litigation Finance Overweight I・・・

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・・・

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