CONTROL YOUR FINANCIAL FUTURE

Another real life question asked on Reddit that we thought was an interesting topic and see how we can break it down the Hut Yee Way. There will be some information that will be redacted for privacy reasons. Story: Hey! Just purchased a new 2023 Hyundai Tucson Hybrid SEL Conv the other day and now I’m posting here at 3am with buyers remorse. I financed the car for $680/month (5.9% for 60...

The saying “Nothing is certain in life besides Death and Taxes” is so true. The difference between the two is that Taxes are scheduled, but the time of Death is unknown. We believe that not planning for your death is really doing a disservice to your loved ones. Especially if you’re married with kids. Forrest Gump’s famous saying “Life is like a box of chocolates, you...

The top 1% have always had access to a variety of wealth preservation and wealth expansion tactics in the world of financial planning and wealth building. Health Savings Accounts (HSAs) are a tactic that has become very popular recently. HSAs were first created to assist people in managing their medical expenses. However, they have newly developed into solid instruments for the wealthy to cover healthcare...

This is an age-old question. How much money should be saved by what age? For some, you might be asking, “What am I saving for?” Unfortunately, that question answers why half of Americans have no retirement savings. That’s a staggering statistic and not what we at this site promote. One of our highest prioritized goals is to retire without asking our kids for financial help. Everyone...

By far the most popular tool for building a retirement nest egg is the 401(k). According to a recent study from Vanguard, nearly 85% of the workforce who are offered the 401(k) plan, participate in some form of the plan. That’s great news! I mean, ideally, it should be 100%, but that’s just the Asian parent side of me. Defined contribution (DC) retirement plans are the centerpiece of...

Buying a new car is often an exciting prospect, with the allure of modern features, sleek designs, and that unmistakable “new car smell.” We’ve written how this is seemingly more prevalent in the Asian communities. However, many fail to recognize the opportunity cost associated with this purchase. We’ll delve into the true cost of buying a new car and highlight the potential...

Throughout our Blogs, we have written about investing a portion of your income and setting up automated investments into Low-Cost Index Funds to capitalize on Compound interests’ power. Let’s say you’re hyped about investing and drinking the DIY investing Kool-Aid; you might ask, “What funds should I be buying?” That is a great question, but as stated in our Disclaimer,...

We’ve written about the infamous Dave Ramsey Baby Steps. While there is absolutely nothing wrong with following those steps, we have a slightly different take surrounding some of the details. What the heck is a “Hut Yee?” Prior to detailing our steps, perhaps we should address the elephant in the room. What the heck is a “Hut Yee?” Admittedly it all started off as...

I admit, when I first found about this book I was most likely click baited by the title of the book. But as I started reading the book, I found tremendous value in the teachings. Ramit Sethi’s book, “I will Teach You to be Rich,” offers a thorough road map for achieving true wealth in a society where financial independence is a highly desired goal. Sethi gives readers the tools they...