Get Rich Slowly

If you’re new here, you may want to learn what this site is about. I encourage you to subscribe to my RSS feed. Thanks for visiting!The toughest personal finance choices are those where your heart wrestles with your mind. Justin wrote because he’s found a great place to live, but it’s just on the [...]

I’m often asked, “Which is best, a Roth IRA or a traditional IRA?” There’s no one right answer.
Which option you choose depends on your goals, and it depends on what you think your income will be like in the future. In theory, there’s no difference between the eventual returns. In practice, there are a [...]

David Bach is perhaps best known for coining the term the latte factor, a phrase that has almost become a joke in personal finance circles. That’s too bad, really, because Bach has some good ideas. And the latte factor is a marvelous concept, applicable to many people who casually spend their future a few dollars [...]

I recently mentioned two Liz Pulliam Weston articles in passing. They’re good enough to merit closer attention. Both articles profile couples who found the courage to save money when they were young so that they could enjoy the freedom of early retirement. Weston writes:

Think it’s impossible to retire in your 40s? I’d like you to [...]

When I picked up The 4-Hour Workweek, I was worried it was some sort of “get rich quick” book. The first few pages didn’t do much to change my mind. The author, Timothy Ferriss, makes a lot of bold claims, such as: “How do you create a hands-off business that generates $80,000 per month with [...]

I write often about the need to save for retirement — it’s one of the most important steps you can take to assure financial success. The best time to start planning your future is now. But how can you be sure you’re making the right choices? Here’s a great opportunity for readers in the United [...]

Trent at The Simple Dollar recently wrote about the Crossover Point, a notion popularized by the book Your Money or Your Life. The Crossover Point is simply that point in time at which your investment income exceeds your monthly expenses. For most people, this never occurs.
YMoYL is about getting readers to the Crossover Point. [...]

Over the past month, I’ve covered the basics of Roth IRAs. I’ve explained what they are, how (and where) to open one, and which investments are best. Today in the final part of this series, I’m going to answer your questions. Remember: I am not a financial adviser. I’m just a regular guy trying to [...]

This is part three of the GRS introduction to Roth IRAs. You may wish to begin with parts one and two.
I used to believe the stock market would make me rich. All I needed to do was pick the right stock and I’d be a millionaire. In March of 2000, I decided that stock was [...]

You’ve heard how awesome Roth IRAs are and how starting one now can mean big bucks when you’re older. You’ve even done some research so you have a vague idea of how a Roth IRA works. Now what? How do you actually start one yourself? It’s surprisingly easy to set up a retirement account and [...]