Ever wonder how much money do the top income earners make? Once you know how much the top income earners make, then you can better shoot to be a top income earner yourself. After all, everything is relative when it comes to money. You’re not rich making $500,000 a year when everybody else is making […]
How Much Money Do The Top Income Earners Make? Read More »
If you want more money, one of the most important things is believing you deserve to have more money. There are trillions of dollars out there for the taking. Why shouldn’t you enjoy some of the world’s prosperity as an honest, diligent, and talented individual as well? I began developing my money mindset after reading countless stories
Want More Money? Ask Yourself This One Question Read More »
The median 401(k) retirement balance is low. With such low median 401(k) retirement balances by generation, it may be harder for a large swatch of Americans to retire comfortably. This post interviews various people with low 401(k) balances who explain why their 401(k) balances are so low. You likely won’t be able to live off
Explaining Why The Median 401(k) Retirement Balance By Age Is Dangerously Low Read More »
Let’s look at the only reasons to ever contribute a Roth IRA in this post. A Roth IRA is a tax-advantaged retirement account where you contribute post-tax contributions. The contributions get to grow tax-free and the withdrawals are tax-free too. If you can contribute to a Roth IRA, then doing so is a way to
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Are you a little befuddled that with every record-breaking unemployment claim, the S&P 500 surges higher? After 6.6 million jobless claims on April 9, 2020 and even more the first week of May, the total number of jobless claims in 2020 stands at roughly 30 million or almost 20 percent of the working population. Even
Maximum Unemployment For Maximum Stock Market Returns Read More »
Besides the purchase price of a car, one must also calculate the potential maintenance cost, and auto insurance cost to determine affordability. We often focus on the first two costs. But, seldom do we realize the auto insurance cost differential until we’ve purchased the car! Back in 2012, I was so happy to negotiate $2,000
Auto Insurance Basics And Recommendations For Everyone Read More »
Over the years, many people have inquired whether they should invest in a 401k or save for a downpayment. A home, after all, is usually the most expensive asset someone will buy in their lifetimes. Coming up with the downpayment is one of the biggest financial hurdles anybody can overcome. Furthermore, nobody wants to remain in a rental if
Invest In A 401k Or Save For A Downpayment? Both Are Good Options Read More »
Savings is the foundation of good personal finance. This article will discuss how much savings to accumulate by age so you can achieve financial independence and retire comfortably. It’s important to have savings targets at every age to keep you on track. When it comes to building wealth, you don’t want to just wing it!
How Much Savings Should I Have Accumulated By Age? Read More »
Every time there is a government rescue package, I’m left scratching my head wondering where all the money really goes. During the 2008 – 2009 financial crisis, Congress approved a $787 billion economic stimulus package that basically went to three things: Getting up to 99-weeks of unemployment was pretty huge for those who lost their
Paycheck Protection Program: The Best Economic Rescue Package Ever Read More »
The average saving rate by income increases the more you make. That’s logical since living expenses like housing and food tend to more relatively more fixed, unless you suffer from tremendous lifestyle inflation. However, the average saving rate doesn’t always increase with more income due to a lack of discipline. We all know people who
The Average Saving Rate By Income (Wealth Class) Read More »
