If you follow the rules that everyone else follows, you will end up like everyone else. That is, to retire at the FRA (full retirement age), dependent on Social Security income, and with about $100,000 in the retirement account. Be extraordinary. Follow these 6 steps to financial freedom and retire early. They are audacious actions …
Is This You? American workers spend an average of 26 minutes driving to work each way. If you live in Los Angeles like me, the average one-way commute is 54 minutes. That’s a whopping 9 hours per week. Instead of stressing out, cursing or getting into a road rage, why not improve your financial literacy …
There are three major wealth building vehicles: Paper assets (stocks, bonds, cash) Real Estate Business Wealth Building Vehicle #1: Paper Assets In terms of paper assets, you already have money invested in stocks and bonds through your retirement fund. If the market declines around the time you want to retire, you may not be able …
Do you know what you should be saving for? You know to save for retirement and emergencies. But are you saving for your financial freedom? Save 20% or more of your income. Put your money into four different buckets: Roth IRA, 401(k), Emergency Fund and the Financial Freedom Fund. Roth IRA When it comes to …
Budgeting sucks only when you’re spending more than you’re making or barely getting by. You would rather spend without thinking whether you have the money or not. Learn to cut expenses and spend less than you make. This is called budgeting. You’ll then have money to save and make your money grow. Only then, budgeting …