While paying cash for your next home might seem outlandish, if you put in the time and effort required, it’s actually a very attainable goal. While you may not be able to purchase a sprawling Tudor Mansion in the “old money” neighborhood in town, a ranch style home that needs some TLC or a manufactured […]
Every minute, the United States’ national debt is climbing and climbing with no end in sight. The national debt is currently over $20 trillion. If you can’t quite fathom how large of a number that is, it’s 20,000 billion, or 20,000,000 million. To put it into perspective, that’s more than $170,000 for each and every […]
The average person might say that $1,000,000 is enough money. If you invested it and lived off the dividends, it would probably be enough for a comfortable life. If you meant to spend it on living the good life, $1,000,000 doesn’t go nearly as far as it used to. Everybody has a point at which […]
You’ve probably heard the financial advice before, that you need to “Pay yourself first,”. Experts consider this single step to be the most important building block for a solid financial future. Let’s consider the real meaning of this seemingly simple piece of advice. The phrase refers to the practice of saving a portion of your […]
The thought of retirement can be exciting and create positive expectations. On the other hand, the thought of leaving a mainstream work-life balance can be a scary change. If you love doing your job every day and cannot imagine your life without work and earning a wage, you do have other options. Why not do […]
The choice between repaying your debt and saving for retirement is a difficult one. Which choice will give you the maximum benefit? To reconcile this dilemma, consider these simple steps: 1. Examine the debt in depth Pay attention to the interest rates and fees. Do the math to calculate how long it will take to […]
If you get started early, it’s a fairly straightforward process to become a 401(k) millionaire. That said, it’s extremely important to avoid making avoidable mistakes. Look at the fact that fewer people are able to retire at 65 today than at any time in history. 30.8% of workers over age 65 are still working just […]
Financially Fit Formula