CNN Money has a report describing how five investors managed to save over $1M via their 401K’s. Imagine where they would be if they had actually created wealth too! Here are the key themes: 1) Start young 2) Watch out for fee’s 3) Max out contributions 4) Live Frugally 5) Automate your savings Read the full Read more about Five People Who Saved Over $1Million[…]
The burden of student loans is felt long after students leave the classroom. Many graduates are familiar with the obstacles of finding a well-paying job or affording daily living expenses, but the true financial impact of debt is a compounding problem for Millennials hoping to retire one day.
With the college debt bubble growing larger than $1 trillion in total outstanding loans, more harmful side effects are being realized each school year. A new report from NerdWallet finds that while retirement is not impossible, most students will have to wait until their early to mid 70s compared to the current average retirement age of 61.
I can’t tell you how many times I’ve heard the same old excuses for why people aren’t saving more money or saving at all. The truth is that these excuses are just coverups for chronic, self-sabotaging behaviors.
I recently ran across this article entitled 21 Ways Rich People Think Differently Than Average People based on a book called How Rich People Think. I was immediately struck by the similarities between the writing on Bold and Determined and the thoughts of the rich elite. The 21 rules of the rich are in bold and my thoughts Read more about 21 Rules of the Rich[…]