Aging is no joke; your retirement can come fast if you aren’t unprepared. While many Americans have a 401(k) or retirement plan, many people are less financially prepared. This situation is happening to one woman (let’s call her Tandy) whose father (Ted) was a missionary all his life, but now he is retired, he has…
The habits of wealthy people are something that you should emulate if you want to build wealth and rise above typical middle-class behavior. Many wealthy people follow similar patterns that help them build and keep wealth. Following just a few of their habits can help you kickstart your wealth-building journey. Pay Yourself First You may…
Here are 5 essential financial concepts that every adult should master. Not everyone has to be an expert at all things finance, but everyone should at least master a few basic concepts. Budget Everyone should have a budget. Not everyone needs to be on a strict budget, but you should at least know your expenses…
Do you ever feel like you’re stuck in a rut? That you’re not getting anywhere because you’re too comfortable with the way things are? If so, it might be time to move out of your comfort zone. When you do this, there are several financial benefits that you can enjoy. Let’s look at 5 of…
Are you self-sufficient? Do you consider yourself handy or mechanically inclined? Are you able to fix things when they break? Being more self-sufficient can save you money and give you greater pride of ownership and sense of accomplishment. Becoming Independent If you own a car and a home, then inevitably something is going to go…
It’s a good time to do a personal finance evaluation. I started a new job about two months ago after being out of work for a couple of months. Now that I have a few paychecks under my belt, I have a good sense of where the numbers fall. Saving and Investing As before, my…
For the time being I’m going to keep saving. I’ve been building cash aggressively the past year or so, and I’m now in a position where I can comfortably save around $1500 per month. Where do I stop? I have a few thoughts on that. Planned Expenses We are planning on having an addition built…
How do you become a millionaire by 25? This is certainly an achievement and a tall order. Having an average life and job won’t cut it here. So, how do you become a millionaire at such a young age? Let’s take a look. Some Averages Before we look at the math or the methods to…
It’s time for some financial spring cleaning. The weather is starting to warm up. The grass is getting green, leaves are budding on the trees, and birds and wildlife are returning. With the change in seasons, it is a good time to do some spring cleaning of your finances. Checklist Now is a great time…
How can you get extra money from SSDI in 2023? If you are collecting SSDI (Social Security Disability Insurance), then unfortunately, there aren’t many ways to increase your payments. Payments are a calculation of former earnings, so your payments are likely set. However, there may be a few ways to increase or supplement your payments….