Comments on: Your Money Wants to Give You More Money: A Look at Compound Interest

By: The 401(k) Beginner’s Manual | Foreigner's Finances

The 401(k) Beginner’s Manual | Foreigner's Finances — Fri, 23 Jul 2010 13:01:55 +0000

[...] A 401(k) works the opposite way. They take your income before it’s taxed, invest it in a fund or stock, and then it’s taxed when you withdraw your contributions in the future. A 401(k) lowers your amount of taxable income and saves you money in the long run because you have more money compounding over decades. [...]

By: Welcome Get Rich Slowly & Lifehacker Readers! | Foreigner's Finances

Welcome Get Rich Slowly & Lifehacker Readers! | Foreigner's Finances — Sun, 13 Jun 2010 07:13:12 +0000

[...] Your Money Wants to Give You More Money: A Look at Compound Interest [...]

By: How to Save for Retirement While Working Abroad | Foreigner's Finances

How to Save for Retirement While Working Abroad | Foreigner's Finances — Sat, 15 May 2010 06:30:45 +0000

[...] If you’re looking to stay more than 2+ years then you need to consider your retirement savings options. It’s easy to do nothing and say you’ll worry about it later, but waiting too long to invest will kill your chance to excessively grow your money with compound intere…. [...]

By: How to Avoid My 3 Novice Investment Mistakes | Foreigner's Finances

How to Avoid My 3 Novice Investment Mistakes | Foreigner's Finances — Sat, 15 May 2010 06:14:25 +0000

[...] When you’re first educating yourself about money, it’s easy to fall victim to paralysis by analysis. With too many money decisions and stocks to choose, it’s easier to do nothing with your money. But nothing can quickly turn into 10 years and all of a sudden you’ve lost valuable time for your money to grow. [...]

By: Austin

Austin — Tue, 20 Apr 2010 10:46:29 +0000

Good point, Jarrad. Anything that he won’t need in the next 3-8 years should be put into some sort of investment vehicle. I believe Corey’s a big traveler though so he might need more access to cash.

I was actually playing around with a compound interest calculator today and the numbers are always staggering. I’ll be writing another post about interest rates, compounding, and starting early soon.

By: Jarrad

Jarrad — Tue, 20 Apr 2010 09:26:33 +0000

Casey, unless you’re have a foreign-earned income exemption on your taxes or some other benefit that massively reduces your earned income, a CD or savings account is not the way to go for long-term investing.

A CD is great for maintaining an emergency fund because it will generally keep up with inflation. In that case, I would recommend investing three to six months of salary in three to six staggered three to six month CDs. (Wow, good luck parsing that one.) A savings account is not so great because your interest won’t keep up with inflation, but your money will be more accessible.

However, if you want to actually obtain a decent return on your investments, you’re going to want to follow Austin’s advice by starting a Roth IRA (or traditional if you’re rolling in dough) and invest in an index fund.

By: How to Jump Start the Money In Your Life

How to Jump Start the Money In Your Life — Tue, 20 Apr 2010 02:03:34 +0000

[...] our lives as ALTs in Japan are somewhat worry-free, now is the perfect time to start educating yourself about money and to make some positive strides against your poor money situation (if you have [...]

By: Ryan @ Planting Dollars

Ryan @ Planting Dollars — Tue, 16 Feb 2010 02:42:16 +0000

Big fan of Muse, listening to them right now:
http://www.youtube.com/watch?v=f_sHYn_cSn0&NR=1

I’m currently on Oahu near Waikiki, which is the main tourist drag and what I’m building a website about… feel free to follow along on my site where I’m documenting how I’m building the site.
http://www.plantingdollars.com/waikiki-travel-site/the-waikiki-travel-site-series/
It should be live in the upcoming months with advice around the area and more video.

I think it depends what you like to do the most. There are a ton of outdoor activities around here so the popular places are hiking Monoa falls (140-160 ft waterfall), going to Hanauma Bay which is a volcanic crater that’s now flooded and full of coral and fish, great snorkeling, and of course hiking diamond head. I actually just put a post up of me hiking diamond head if you’d like to check it out:
http://www.plantingdollars.com/my-journey/hiking-diamond-head-and-snorkeling-in-waikiki/

Shoot me an email when it gets closer and I can help you more if you’d like. That is, of course, if you’re coming to Oahu… don’t have much experience with the other islands… yet.

Ryan

By: Austin

Austin — Tue, 16 Feb 2010 02:29:40 +0000

That’s pure genius.

My favorite band of all-time is Blink-182. They are the springboard for everything I have ever listened to or liked. How about yourself?

There is a lot of American music. Bands are constantly touring, in fact, my lady and I are headed to Nagoya in a couple weeks to see a favorite band or ours, Motion City Soundtrack. Should be fun.

I think we’re going to Hawaii for Christmas this year. Where do you live and where do you suggest we go?

By: Ryan @ Planting Dollars

Ryan @ Planting Dollars — Tue, 16 Feb 2010 02:26:00 +0000

Dream big man, you could get some cute nerdy Japanese groupies with pocket protectors and glasses… That could be your niche! Start throwing up images of your cute Japanese lady friends calculating their rate of return and I’m willing to bet you’d get a ton more traffic…

As a sidenote, what is your favorite band? Is there a lot of American music over there? Being in Hawaii I feel like I’m practically in Japan with so many Japanese tourists… Todo I don’t think we’re in Wisconsin anymore, haha.