Are you getting the best rate of return on investment? Kiplinger's Personal Finance Magazine annually discusses ways to boost your investment yield in their latest issue. I have to say that I am always pretty disappointed in their recommendations. I love the magazine, but I didn't really care for a list of mutual funds and Exchange Traded Funds (ETFs). But, I wanted concrete ideas on how to earn a 10% annual rate of return on my investments. US Treasuries are earning less than 1% and money market funds are not fairing much … [Read more...] about Ten Ways To Earn A 10% Rate Of Return On Your Investments
Top 4 Common Retirement Mistakes and How to Avoid Them
There are plenty of ways to make retirement planning less stressful. But, people are oftentimes too caught up in saving for vacations or paying off debts to dedicate much effort to prepare for retirement. Considering the significant income drop you’ll experience after retiring from your current line of work, planning for retirement is one of the most important things you’ll ever do in your life! The last thing you want to do is reach your 60s with little saved for retirement. To clear up any confusion about retirement planning and help … [Read more...] about Top 4 Common Retirement Mistakes and How to Avoid Them
Blooom Review – A Robo Advisor to Manage Your 401k Plans Easier
Note -This post may contain affiliate links or links from our sponsors. All opinions are my own. If your company provides a 401k plan for its employees, are you getting the best returns possible on your 401k? The upside to 401k retirement planning is that you have some level of flexibility when it comes to deciding who will manage your investments until you’re ready to retire. Unfortunately, many experienced investment advisors are too expensive for everyday folks who just want to maximize their savings so they can retire by 65 or … [Read more...] about Blooom Review – A Robo Advisor to Manage Your 401k Plans Easier
Top 7 Ways Not to Go into Debt this Christmas
If things are rough this year for your family, that doesn’t mean that you should add to your debt to make up for it this holiday season. It is okay to tell your children that Santa is broke this year. They probably already know that something is up, or they have an incredible sixth sense about how grownups are feeling. 7 Ways Not To Go Into Debt This Christmas One of the worst things that you can do though is trying to keep up with the status quo. Here are seven great ways to avoid adding to your debt this Christmas. Use Your Credit Card … [Read more...] about Top 7 Ways Not to Go into Debt this Christmas
What It’s Like Being Dave Ramsey’s Daughter – Our Interview with Rachel Cruze
Recently, Lacey Langford and I were able to interview Rachel Cruze live from #fincon18 in Orlando, Florida. We talked about family money lessons every parent should know and what it was like growing up as Dave Ramsey's daughter. Below are just a few highlights from our interview. Our questions are in Dark Bold, and Rachel's responses are immediately below them. For more about Rachel and the complete interview, be sure to check out the MilMoney Movement Podcast on Apple Podcast, Google Play, and everywhere else under the sun you can listen to … [Read more...] about
7 Sneaky Simple Ways To Trick Yourself Into Saving Money
The savings rate in America is dismal, and it’s heading in the wrong direction. According to the latest data from the Bureau of Economic Analysis, the personal savings rate in America is 4.5%, down from 5.6% the previous year. But do you know what’s the greatest hindrance to you increasing your savings? You. Your brain is the biggest thing holding you back from saving more, and one of the best ways to combat this is to trick yourself into saving money every day. You have to make savings a game. Here are five sneaky ways to do … [Read more...] about 7 Sneaky Simple Ways To Trick Yourself Into Saving Money
Top 5 Smart Ways to Avoid Running Out of Money During Retirement
Planning for retirement isn’t easy for anyone. It doesn't matter if you’re a 20-something with student loans or a 50-something who doesn’t think they’ll have enough saved up to retire by their mid-60s. It’s normal to feel frustrated when it comes to saving for retirement, but this doesn’t mean you should avoid the issue altogether until you’re “old enough” or “making enough money” to start saving. The best time to start saving for retirement is right now. If you waited until your 30s or even 40s and 50s to begin saving for retirement, … [Read more...] about Top 5 Smart Ways to Avoid Running Out of Money During Retirement
The Best Way to Budget When You Have Irregular Income
Budgeting is one of the most important aspects of organizing our lives. But, far too few people ever truly stick to a budget long-term. Why’s that? Because budgeting seems too difficult or boring to pay close attention to. Many of us would prefer to “set it and forget it” and hope you come close to your projected income and expenses for a given month. Unfortunately, attention to detail is crucial when it comes to budgeting. That’s because irregular expenses and income can mess up your calculations pretty quickly if you’re not … [Read more...] about The Best Way to Budget When You Have Irregular Income
Trying To Manage Your Debt? These Options Are Available In Scotland
Everyone experiences portions of their lives when they fall on periods of financial hardship, and many of us have no idea what to do when this reality comes to roost in our lives. This guide was put together to suggest some of the most common methods of dealing with indebtedness and how to get the help you need to meet this challenging time. Seek Out Free Debt Advice No, this doesn’t mean you should speak to your friends and relatives about what to do with your financial situation. Aside from being embarrassing, it’s also likely they aren’t … [Read more...] about Trying To Manage Your Debt? These Options Are Available In Scotland
Top 4 Ways to Save for Retirement as a Job Hopper Now
Young adults seem to have no problem “hopping” from job to job in search of better opportunities and higher pay. But, is job-hopping really worth it if you’re potentially hurting your retirement savings? Whether you’ve recently graduated from college or you’re in the middle of a late-career job transition, it’s important to be aware of the upsides and downsides to job-hopping. While higher pay, better benefits, and cooler workplace perks may be advantageous to some workers, the trade-off of lower job security and fewer opportunities to save … [Read more...] about
Top 5 Ways to Start to Saving for Retirement in Your 20s
The earlier you start saving for retirement, the better. When you’re in your 20s, saving for retirement in your 20s may feel like it’s a long way off, but it’s one of the most important steps you can take to ensure that your later years are comfortable. A GoBankingRates survey conducted in 2018 found that the majority of young millennials, referring to those who are between 18 and 24 years old, had less than $1000 saved, and nearly half hadn’t saved anything at all. While many people put off saving until they reach their 30s, with … [Read more...] about Top 5 Ways to Start to Saving for Retirement in Your 20s