Rushing the Process

So I just hung up the phone with my nephew. Or more like: I just switched off Facetime with Baby Boy. Baby Boy is in college, in his second year of the University of Connecticut’s Business Program. He texted me this weekend, out of the blue, exclaiming that Robert Kiyosaki’s Rich Dad, Poor Dad was one of the best books he’s ever read. I’m so … Continue reading Rushing the Process

Japanese Nenkin

Pensioners and retirees are in an uproar here in Japan over a recent report by the Financial System Council. The study revealed that elderly couples (males over the age of 65 with a wife who is 60 or over) whose income is dependent on social security pensions are short an estimated ¥20,000,000 or USD $184,000 in income if they expect to live to 95 years old. … Continue reading Japanese Nenkin

Exchange Rates

I try not to obsess about it, but I just can’t help it. It doesn’t help that I get a daily email from Transferwise telling me how much the dollar costs in yen. Part of the problem about me being an American living here in Japan is that my earned income is in yen but my retirement savings accounts are in the US. I guess … Continue reading Exchange Rates

Youth

Out of the mouths of babes…. The other day, I was talking to my nephew, who had just finished his first year of college. We were just talking about his experiences so far, whether he liked being in school, his friends, and his future. As we talked about his future plans, all of a sudden he starts talking about investing and opening up a 401k … Continue reading Youth

Retirement Number

For Americans, the ideal retirement number being touted is $1 million. This is based on the 4% withdrawal rate. So if you make it $40,000 a year, you need about one million dollars to retire. This idea of having to save $1 million in the bank for retirement scares me a lot. My husband and I don’t make a lot of money and just thinking … Continue reading Retirement Number

Time and Money

Like most workers here in Japan, the end of the year is one of the busiest time of the year for me. There are just so many things to get done before December 31st. Since I was so overwhelmed, I requested a deadline extension on one of my projects. Unfortunately, because everyone had so many things to do, there just wasn’t time to be cut anywhere. … Continue reading Time and Money

Money in Bank Accounts

This week is the last week of September, which means three more months left to finish the goals I wanted to accomplish for the year. When I started early on in January, I knew I didn’t want to fill my plate with too many unnecessary projects. I deliberately chose the goals that I thought I could easily accomplish in a year. The biggest goal was … Continue reading Money in Bank Accounts

Moving the Needle

In the previous post, I talked about taking a big step toward financial independence by buying property. It took me years to actually build up the courage to jump on this idea. I have the capital already, it took me a while to become comfortable with spending all my hard-earned savings in one big move. Today, I took the first step by signing a contract … Continue reading Moving the Needle

Rental Properties

I’ve been a big fan of Paula Pant for a long time. I love her personality when I hear her on her podcast. Her approach to money resonates with me. As a woman and an immigrant, I feel like I have a connection with her. I’m glad that she’s a very strong representative of a financially successful immigrant woman of color. Her path to financial … Continue reading Rental Properties

Money Seminar for Women

Every month, Mainichi Shinbun produces a free magazine with various information about Sapporo and Hokkaido events. I usually pick up these things because they provide good recommendations on shops and places to visit. For the past year, however, I noticed that there have been lots of these FREE seminars about financial matters appearing in the magazine. After seeing these and being curious about them, I … Continue reading Money Seminar for Women