We are a jobless family in San Francisco. Both my wife and I don’t have jobs. We haven’t had jobs since 2012 for me and 2015 for her. Yet, somehow we’ve managed to do fine while raising a family in expensive San Francisco. Here’s our story. If the amount of money you’re saving each month […]
How One Jobless Family Of Three Thrives In Expensive San Francisco Read More »
Are you wondering how much you should have saved by 55? By 55, you should have saved at least 12X your annual expenses or income. Your ultimate goal is to save more than 25X your annual income before you retire. Saving 12X your annual income is much harder, but for those of you who like
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Although being a millionaire sounds nice, it’s not that impressive anymore thanks to inflation. In order to be a real millionaire, you will need to have a net worth of at least $3 million, not $1 million. A $1 million net worth provided a great lifestyle before 1990. Not so much today. If you retired
Are You A Real Millionaire? $3 Million Is The New $1 Million Read More »
The latest average 401(k) and IRA contribution is $7,000 and $4,500 for 2020. The data comes from Fidelity, one of the largest administers of 401(k) and IRA plans in the country with roughly 30 million retirement accounts. The average 401(k) contribution of $7,000 is pretty low given the maximum one could have contributed was $19,500.
The Average 401(k) And IRA Contribution: Not High Enough Read More »
If you want to be rich, happy, and free, you must cultivate your X-Factor. Your X-Factor can be building something on the side that makes money beyond your day job. Your X-Factor can also be developing a top 1% talent in a sport, music, or art that provides you a tremendous amount of joy. Some
Your X-Factor Is Key To Being Rich, Happy, And Free Read More »
Age 30 is one of the most crucial ages in your life. You will have either made it or know you are on the path to making it by 30, or you will be somewhat lost for whatever reason. This post will address your question: How much savings should I have by age 30. If
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Are you wonder how much savings should I have by age 60? You’ve come to the right place as someone who has been writing about retirement strategies and money since 2009. Age 60 is an important milestone when most Americans start thinking about retirement or retiring. Once you hit age 62, you are eligible to
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Real estate crowdfunding involves the pooling of funds by multiple investors in a real estate project. There are two main investment types to choose from: equity or debt real estate investing. Between the two, equity investments offer the potential for bigger returns. The profitability of debt investments is limited by the loan’s interest rate and
Equity Or Debt Real Estate Crowdfunding? An Investment Allocation Guide Read More »
Is investing with Wealthfront a smart move? Let’s find out. What if there was a company out there that could streamline the way that you invest your money through online software tools that are accessible anywhere you happen to be? Now, imagine that same company has more than seven years of experience, over $11 billion
Is Investing With Wealthfront A Smart Move For My Financial Future? Read More »
Are you wondering: How much savings should I have by 40? Good! Once you are 40, you are considered middle-aged, whether you like it or not. At age 40, you should have your life together with a solid career. You might even have a family as well. Your 40s is a very important time in
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