Let’s look at the banks with the highest savings rate so aggressive savers can make the most money on their risk-free asset. Due to the coronavirus pandemic, the Federal Reserve cut the Fed Funds rate to 0% – 0.25% as of June 12, 2020. The 10-year bond yield was also below 0.7% as of June […]
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Owning the right amount of life insurance is important to protect your family. The global pandemic has reminded us time and time again about our mortality and the importance of getting enough life insurance. If you haven’t done so already, calculate your net worth to assess how you did this past year. Hopefully, you’ve grown
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When it comes to your finances, everything is relative. To get ahead, you must outperform the average. If everybody is up 20% in their investments, have you really gotten richer? You have not. This post will discuss the average net worth for the above average person. Our goal is to outperform the average so we
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Uber finally went public on May 10, 2019 at $45/share with an initial valuation of roughly $82 billion fully diluted. They raised $8.1 billion in new capital during its IPO to fund operations. Given Uber lost about $1.8 billion in 2018, they certainly need the new capital. After the IPO, Uber will be able to
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As someone who’s been writing about retiring early since 2009, I want to talk about the best occupations to make lots of money that will allow you to retire early. I personally wanted to make as much money as possible when I was in high school because I grew up in developing countries like Malaysia,
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According to the St. Louis Federal Reserve, the real median household income in America is roughly $61,372 at the end of 2018. In other words, real median household income hasn’t gone anywhere in roughly 20 years. The data is not out yet for 2020, but you can bet after tens of millions have lost their
Real Median Household Income In America Flat Since 1999 Read More »
We’ve learned in a previous article that the financial situation in America is dire. With the median retirement savings of only $5,000, many Americans will be working for longer or living a more spartan retirement life. Now what’s the personal finance readers racial makeup? Let’s look at the Urban Institute’s calculation for average family liquid
What Is The Racial Makeup Of Personal Finance Readers? Read More »
Good investing is all about being properly diversified based on your risk tolerance. Let me share the three fund portfolio asset allocation strategy for better investing. “Don’t put all of your eggs in one basket.” Not just lore, there is modern investing research to support this age old maxim. In investment terms, diversification, based on
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Savings is the key to financial freedom. From savings, comes investing. And from investing, comes asset growth that will set you up for a comfortable retirement. If the amount of money you’re saving each month doesn’t hurt, you’re NOT saving enough! How much should you have saved at every age? Let’s take a look. Expense
Here’s How Much Money You Should Have Saved At Every Age Read More »
Are you wonder, what your savings at 65 should be to live a good retirement ? The answer depends on your lifestyle, life expectancy, and what you want to do after 65. At the very least, at age 65, you should be retired from work you don’t love to do. Sure, you can still work
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