Investing in your community provides a deep expression of gratitude that is as fulfilling as it is impactful.
Whether you see it coming or not, hearing that your job is no longer your job is shocking.
It’s not about what you earn; it’s about what you keep.
When it comes to investing, not only do too many people misconstrue knowledge for skill, but beyond that, people tend to make a series of predictable mistakes brought on by inexperience. Therefore, even if you find yourself in the “I know what I’m doing” camp, you might not have the rest of what it takes to succeed long term.
Anytime I break down a financial life, I explore three distinct areas. I look for long-term financial stability, midterm financial stability and, you guessed it, short-term financial stability.
Running out of money in retirement isn’t a small problem. It’s the worst problem.
Stress doesn’t discriminate. It doesn’t know your income, your gender or your job title. And even if it did, it wouldn’t care.
The 30-year mortgage is the default. It shouldn’t be. A 15-year mortgage should be the default. You should choose a 30-year only if you have an incredibly compelling reason not to go with a 15.
If you don’t want to budget, then don’t. It won’t ruin your financial life as long as you accept a couple of important boundaries.
You need to save between 12% and 14% of your gross income throughout your career to secure at least a 90% chance of retirement success, according to Russell Investments Research Report.
The goal is to be honest with yourself so you can be prepared for the challenges and ready to take advantage of the opportunities.
If you diligently saved (invested) from age 22 all the way through age 57, the final decade of your work career should be a snap.
Mere minutes after raising my glass in celebration of my dear friend’s new job, I was on the verge of ordering another round to drown my dismay. He had just made a $713,000 mistake, and had no idea. I’m not normally a judgmental friend when it comes to money, despite what you might think, but […]
Pushing the limits of housing affordability will compromise the rest of your financial life, as it drives up utility, maintenance, taxes and insurance expenses.
I guarantee, you utilize less than 60 percent of the functionality of your financial adviser, and you suffer for it. The stakes are high. It matters.
There are only two successful retirement strategies. Just two. And the sooner you choose which one you’d like to employ, the better chance you have of securing a desirable outcome.