Tag: wealth
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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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Hello world!
Welcome! This is my first post on my first blog. I will be sharing thoughts on two very different subjects: The Pursuit of Financial Independence, and Philosophy (atheism/faith). Financial Independence I’ve been striving for over a decade to build wealth starting from near zero. My wife and I have accrued significant savings in 401(k)s, IRAs,…
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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,…