Category: Pursuing Financial Indpendence
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The Value of Value: From Consumers to Producers
We must become saver/investor/producers instead of spender-consumers if we hope to achieve lasting prosperity. It begins with a mindset shift toward frugality. This may seem like an odd place to start, but please bare with me. Frugality is a foundation for growth that leads to prosperity. Frugality is defined as, “the quality of being economical…
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The Future of Real Estate: 20-Years From Now
The Baby Boomer generation, born between 1946 and 1964, has been a significant force in shaping economic trends in the United States, particularly in the real estate market. As this cohort enters its retirement years and beyond, its influence on real estate dynamics is poised to undergo a profound transformation. This essay explores the potential…
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Emergency Fund: 3 Reasons Why Everyone Should Have One – And A Simple Way To Start From Zero
The early years of my family were a constant struggle to make ends meet. It wasn’t long before we were in debt and stressed out. Whenever unexpected expenses came up, we used credit cards to get by, pushing us further into debt. An emergency fund could have helped. Here’s Why: Experts recommend having a minimum…
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Nobody’s Coming To Save You – Be The Hero You Need
“No one is coming to save you” is the title of a podcast I heard recently. That idea is one that’s been motivating me for a while. I hope it will move you to be courageous and take action now. Hard Times Are Here Clearly, we live in crazy, challenging times. The pandemic, inflation, endless…
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5 Things I Wish I Knew In My 20s That Can Help You Build A Better Future
I wish someone had given me tips like this when I was young. 1. Take time to think deeply about the life you want. Visualize the details of your desired future 10, 20, 30-years out. Write it all down and review it regularly. 2. Don’t paint yourself into a corner with poor choices. Wrong or…
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If You’re 50+ And Short On Retirement Funds, You May Need to Do More Than Save and Invest. Here’s One Idea You May Not Have Considered.
A Late Start According to the 2022 Survey of Consumer Finances, the median retirement balance for people age 55-64 is a mere $185,000 (NerdWallet.com). I didn’t start saving for retirement until after a career change in my 40s. We’ve come a long way, but are still far short of where we want to be. Good,…
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3 Reasons Why You Should Have a Will, and Why NOT to D-I-Y
Losing your parents is a sad and painful experience, to say the least. Both my wife and I lost our parents within the last few years. The process of settling their estates has been another experience itself – actually, two very different experiences. My wife’s parents had a legally executed Last Will and Testament. Working…