The Power Of 1% More

2019-10-20 22_48_07-Drive in bankking signage photo – Free Text Image on UnsplashWhile he acknowledges that it may seem like a trivial amount, the author of today’s article illustrates just how much of an impact 1% more can have on your earnings, savings, investing and, when combined, on your overall net worth. For more on the power of 1% more – including how you can go about getting that extra 1% in each of the aforementioned areas – CLICK HERE.

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The Secret Of The Super Savers

2019-04-06 22_29_10-Person Holding Coin · Free Stock PhotoHow are so-called “super savers” – people who save 20% or more of their incomes – able to be super savers? New research has identified “the single biggest difference between what super savers spend less on, as compared to the rest of us” – something super savers spend just 14% of their incomes on compared to 23% for non-super-savers. To find out what this critical thing super savers do differently in terms of spending is, CLICK HERE.

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Emergency Fund 411: How Much, How and Where?

2017-10-01 15_43_51-Free stock photo of bank, banking, businessDipping into your 401(k), taking out a loan, or turning to high-interest credit card debt when life throws one of its unpleasant (and expensive) little surprises your way has its cost. As the author of today’s article notes, “any of these steps will set you back in growing your net worth and hinder your ability to reach your goals.” Thus the need for an emergency fund as part of one’s financial plan. But how much cash should an emergency fund contain? How do you go about building up an emergency fund from scratch? And where does the author state is the best place to keep an emergency fund – and why? CLICK HERE.

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5 “Big Picture Principles” For Reaching Your Financial Goals

2017-04-15 20_23_24-Free stock photo of beach, HD wallpaper, holidayApril is Financial Literacy Month, but the author of today’s article believes that an understanding of five “big picture principles” is even more important when it comes to achieving one’s financial goals (such as having enough money for a secure retirement) than knowledge of specific financial concepts and processes. The first of these big picture principles? While investing is important, “saving is a surer way to wealth than investing.” For the author’s rationale behind this principle – and for the other four principles – CLICK HERE.

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JPMorgan’s “Better Way” To Track Retirement Savings

2016-05-29 08_34_11-Morguefile.com free stock photosLooking for a better way to keep track of whether you are saving enough to retire? Today’s article may help in that regard, outlining “a more nuanced set of guidelines” offered up by JPMorgan. Here’s what the author has to say: “The aim is to help you track your progress in a way that reflects how much you will need in retirement based on your actual circumstances. How? Instead of one recommended salary multiple for each age checkpoint, JPMorgan’s recommended salary multiples vary, depending on how large your pay is.” CLICK HERE to read more.

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Early Retirement: What Stands Between It And You

2016-04-21 17_57_27-Microsoft Solitaire Collection“A very common goal is to retire early and lead the ‘easy, good life’ [but] many… are disappointed to learn that an early retirement may not be in their future.” Today’s article outlines five reasons why early retirement is not in the cards for many, including rising health costs, mortgage payments in retirement, and the status of Social Security. To read more, including what the author identifies as “the primary reason why people will not be able to retire early”, CLICK HERE.

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