Search Results for: early retirement

401(k) Balances By Generation: From Gen Z To Boomers

Fidelity came out with its average and median 401(k) balances by generation. They are as follows: Gen Z: Average $7,100, Median $2,500 Millennials: Average $44,900, Median $15,500 Gen X: Average $145,500, Median $44,000 Boomers: Average $215,000, Median $61,200 For 2025, you can add on 20% to the figures thanks to a 26% increase in the

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A Scarcity Mindset Will Make You Miserable But Potentially Richer

I’ve written about the importance of having a strong money mindset to get richer. But what I’ve also realized is having a scarcity mindset can also make you richer as well! Could both mindsets lead to good fortune? Let’s explore whether a scarcity mindset, some call it a cheap mindset, could actually make you richer.

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