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Demystifying the Magic of Financial Freedom

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Archives for September 2016

Emergency Funding Like a Pro: Ditching the $800,000 Emergency Fund

September 26, 2016 By The Money Wizard 49 Comments

A few weeks ago, the financial world couldn’t stop talking about the old fisherman who, for the past 10 years, had secretly held onto a $100 million pearl… under his bed of all places. Although the complete lack of any kind of safe storage for the largest pearl ever discovered would personally make me a […]

Filed Under: Investing

You Can’t Get Rich Living in Fear

September 22, 2016 By The Money Wizard 7 Comments

Money Wizard Business Insider 26

Well, this week the majority of this site’s writing is coming to you from an actual professional, and not just my usual amateur ramblings. In case you missed it, Business Insider ran a feature story on me! The article includes plenty of juicy details I’ve never discussed on this site, including my yearly salary and […]

Filed Under: Investing, The Money Wizard

How One Brilliant Marketing Scam Created the $32,641 Wedding (Part 2)

September 19, 2016 By The Money Wizard 9 Comments

diamond engagement ring scam

Note: This article is part 2 of 2 of a series exploring the history of weddings, and just how their prices became so out of control. You can find part 1 here, although it’s by no means required reading. If you’re pressed for time or flat out lazy, you’re in luck – each post functions just […]

Filed Under: Money, Saving Money

How One Brilliant Marketing Scam Created the $32,641 Wedding (Part 1)

September 16, 2016 By The Money Wizard 20 Comments

Average Wedding Costs

Love is priceless. Or is it? A new study shows the price of love is actually very specific: $32,641. That’s the cost of the average wedding last year, a number which has grown larger and larger with each passing wedding season. Yes, weddings now have seasons. Similar to the National Football League, year after year brides-to-be […]

Filed Under: Money, Saving Money

The Easy 401K Strategy to Kill Your Tax Bill and Retire a Multi-Millionaire

September 12, 2016 By The Money Wizard 80 Comments

Kool Aid Man 401K Retirement

Last Updated: April 2018 October 21, 2015 marked a huge announcement which I’m sure many Money Wizards were eagerly awaiting. Aside from being the official Back to the Future Day… …the IRS also announced 2016 retirement plan limitations. For those who don’t care to sift through thrilling paragraphs that read like this: The Code provides that the […]

Filed Under: Investing

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I'm the Money Wizard, a 20-something who started this blog after I saved $100,000 by age 25. Now, I'm sharing everything on my journey towards early retirement in my 30s.
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