How to Retire Early – The Definitive Guide
Have you dreamed of early retirement? How about the freedom it brings – financial and otherwise? It’s not just you who dreams of early retirement. In fact, since 1992, people have embraced the F.I.R.E. movement. It has become more popular in recent years. As an example, Natixis Investment Managers reported that Generation Y (ages 26-61) wants to retire at the age of 60 on average. There is a slight hiccup, unfortunately. 59%...
15 Ways to Make Money With Your Home
According to data from the Federal Reserve, consumers ended 2021 with debt totaling a staggering $15.6 trillion. In the fourth quarter alone this was a year-over-year jump of $333 billion. In addition to the biggest quarterly gain since 2007, the largest annual gain was recorded going back to 2003. What was the largest debt-load increase? Well, it should come as no surprise that this comes from mortgages — which comprised 87% of...
Are Most People Debt-Free When They Retire?
I believe that it was Josh Billings, the pen name of 19th-century American humorist Henry Wheeler Shaw, who once proclaimed, “ Debt is like any other trap, easy enough to get into, but hard enough to get out of.” Managing debt is a challenge many of us face. According to the Federal Reserve Bank of New York’s quarterly report on household debt and credit, household debt totaled $15.58 trillion in the fourth quarter of 2021, an...
How to Get Rich from Nothing to Millions
The desire to become rich is universal. But that probably impossible if you start with very little or no money. After all, there’s an old saying “you have to have money to make money.” If you don’t already have some cash to work with, you might think you’ll never be able to build significant wealth. However, this isn’t entirely true. In spite of having little money to spare, there are steps you can take to amass a...
25 Ways to Help Your Young Children Save Their Money
Did you know that kids aged 4 to 14 receive an average weekly allowance of about $9.35? That comes out to roughly $486 per year. Which, really isn’t all that bad for daily chores like tidying their bedroom or helping with laundry. Even better? It’s also been found that almost half of the average kid’s weekly allowance is saved. While kids may not have the same financial obligations as their parents, this is certainly encouraging....