We thought it would be neat to grab examples of real life questions asked on Reddit 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: My dad invested with **redacted** for 15 years and his rate of return is […]
Real Life Examples: Broker Taking Advantage? Read More »
Retirement planning is a fascinating adventure, and for many people, the stock market is essential to achieving their retirement goals. But, it’s important to proceed cautiously and avoid several typical mistakes that might jeopardize your financial goals. Understanding these potential hazards might be the difference between a stress-free retirement and one full of twists and
Investing for Retirement: Avoid These Common Mistakes Read More »
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
How the Top 1% Utilize HSAs to Secure Their Financial Future Read More »
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
Optimal Savings Benchmarks by Age: The Hut Yee Way Read More »
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
A Comprehensive Guide to Understanding 401(k) Plans Read More »
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
The Hidden Costs of Buying a New Car: Exploring the Opportunity Cost Read More »
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
Diving into Popular ETF Strategies – Including the HutYee Portfolio Read More »
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
Hut Yee Way – Steps to Control Your Financial Future Read More »
It’s unfortunate that a majority of our school systems failed to teach about personal finance. Heck, I learned about woodworking living in a major city in the US but knew nothing about the S&P500. It also didn’t help to be a 2nd generation Asian American where my parents didn’t have the financial know-how and didn’t
Am I Too Old to Start Investing? Read More »
If only I had a DeLorean (I’m showing my age), I would tell myself to purchase Low-Cost Index Funds consistently throughout my life. I believe it’s a game changing strategy that really anyone can adopt. Discovering the Power of Low-Cost Index Funds Like many people, I was initially overwhelmed by the vast array of investment
Automated Investing with Low-Cost Index Funds: What I would tell my younger self Read More »
