Category Archives: Personal Finance

Cash Out 401K to Pay Bills or Pay off Debt

Posted on January 29, 2006 by Steven Chang

If you were to ask me if I would cash out my 401K to pay bills or pay off debt, I would not, unless it is my absolute very last resort. There are many ways you can pay off your … Continue reading →

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how to compute tax withholding amount

Posted on January 9, 2006 by Steven Chang

Having the correct tax withheld for the year is important for a couple of reasons. Having too little taxes withheld and most likely you will need to pay taxes, and having too much withheld means that you will have overpaid … Continue reading →

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Calculating Dollar Cost Averaging

Posted on December 2, 2005 by Steven Chang

Dollar cost averaging (DCA) is a well know investing strategy and a very good long-term investment strategy. I will attempt my best to explain what dollar cost averaging is and the method to calculating dollar cost averaging. When you set … Continue reading →

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mortgage loan process

Posted on November 14, 2005 by Steven Chang

As many of you already know that I have a real estate license in California and I am a Realtor (R), many people do not know that I am also a mortgage loan officer. Today I am going to explain … Continue reading →

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The rule of 72

Posted on September 26, 2005 by Steven Chang

We all want to make money or get rich quickly. I personally believe that if you want to get rich quickly it will require tons of hard work and enormous good luck. However, if you do not have the charaterstics … Continue reading →

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Do you have what it takes?

Posted on June 10, 2005 by Steven Chang

What makes you stand out in a crowd? What makes you stand out in your circle of friends? As we grow older and richer with our friends, family, and the people whom we know, there out to be a few … Continue reading →

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modern day thinking

Posted on June 2, 2005 by Steven Chang

“It was Thanksgiving and my wife was preparing a turkey for dinner get together. I saw her slice off both sides of the turkey before putting it in the oven. I asked her why she did that. She shrugged and … Continue reading →

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prequalify home loan

Posted on June 1, 2005 by Steven Chang

Prequalify home loan, or preapproving yourself is the process of determining how much you may borrow for purchasing your home. The mortgage, along with your downpayment, will determine how much of a home you can afford. Prequlify home loan should … Continue reading →

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true wealth today

Posted on May 31, 2005 by Steven Chang

My involvement with financial services business has taught me the wealth formula. So here it is: Money + Time +/- Rate of investment – Taxes – Inflation ——————————————- = Wealth True wealth today is having the ability to maximize money … Continue reading →

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Rule of 72

Posted on May 31, 2005 by Steven Chang

If you have not heard, Rule of 72 was invented by Albert Einstien and he calls this rule the “8th wonder of the world.” What is the Rule of 72? It has to do with compound interest. The rule allows … Continue reading →

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