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Did you know that millionaires put 44% of their investable assets in stocks? And that 2/3 of millionaires lean on experts by consulting with advisors? Let’s take a look at the most common path to Millionaire Road. 1. Millionaires Do Simple Stock Investing The stock market is one of the most common methods for people...
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Many people consider relocating in retirement in order to reduce their cost of living and make their savings last longer. When weighing the pros and cons of moving to another state, it’s important to consider the total tax burden there, including state and local taxes on retirement income, property tax, even sales tax. Also, some...
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Before you spend that $1 bill in your wallet, do a little research. You may be sitting on a lot more cash than you think. Coin and currency collectors in the US are willing to pay up to $150,000 in search of rare $1 bills with a particular printing error from the US Bureau of...
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Does “free money” really exist? If it does, you know you want some. While there is no such thing as a free lunch in this world, there are some clever ways to get paid for minimal effort. You just have to know where to look. Many companies promote their brands and look for talents online,...
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Credit cards. One of the seven deadly sins of personal finance, at least according to many finance pundits. And while credit cards do present a huge problem for many Americans, they can also be an incredibly useful part of your personal finance strategy. The trick is to understand yourself and your tendencies, as well as...
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Repaying student loans can be a daunting task, but it’s not impossible. Even though it might seem like you’ll never find your way out of student loan debt: You will. The trick is to know how to pay off student loans with some simple tricks that can save time and money. Of course, there are...
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Inflation is a silent killer. It erodes the value of your money, and it makes you feel poorer and less secure in your retirement savings. While the Fed continued to harp that “inflation is transitory,” all of you are experiencing inflation in one form or another. The rise in inflation should not surprise long-time readers,...
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Many Americans face a retirement savings crisis, exacerbated by almost two years of the COVID-19 crisis. The financial blowback from the pandemic continues to plague a wide cross-section of Americans, including those closest to retirement age. Unfortunately, most people are not saving enough right now. During the pandemic, Americans reduced their retirement contributions overall by...
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Today, workers have a more challenging path to a successful retirement. In the past, a person worked for about 30 years and earned a pension that paid a percentage of their salary. When combined with Social Security, many retirees had enough income for a comfortable retirement. However, less than one-third of workers today have access...
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Your bank balance is low; your bills are piled high, and so is your anxiety. Here is a truth bomb we all need to hear: managing personal finances is a critical skill to learn in life. For some people, it’s a matter of fulfilling both wants and needs, and for others, it’s a matter of...
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Nothing changes your life more than being a new parent. Welcoming an adorable baby into the world can be a unique and stressful experience. However, forcing sleep-deprived adults to make many financial decisions in a short period is a wreck waiting to happen, such as: What newborn baby items do I need? When should I...
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Starting school is an exciting time for kids and their parents, too! Kindergarten is a fun age where kids enjoy learning and going to school. But a big part of learning and retaining this new information they will be receiving is a daily practice. And these Kindergarten sight words are a great tool to use...
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Rich vs Wealthy. Is there a difference? A friend shared with me an anecdote a long time ago. He said, “Rich people brag about how much they spend, and poor people brag about how much they saved.” I laughed in agreement, thinking he was right. At that time, I thought being rich and being wealthy...
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If you feel unsatisfied with your current situation, you may find it hard to break free of the cycle and live the life you truly want. Believe it or not, abundance affirmations can help you rewire your brain and bring the things you want into your life. When you think back about the goals you’ve...
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Over the last few years, technology and apps have made making money on the side easier than ever before. And the demand for these platforms has also grown for a few reasons: The convenience factor for busy families A great way for others to make money How easy it is to use or become a...
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Let’s be honest: cleaning is no fun, especially if it’s your own home. And paying hard-earned money for a professional to clean your home for you is not always the most financially-savvy option either. Luckily, we have assembled some of the best cleaning tips, practices, and hacks that professionals don’t want you to know –...
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If you aren’t using at least one of the best cashback apps available for free while you’re shopping, you’re leaving money and other rewards on the table. Many apps can be small passive income streams that you earn while picking up necessities. Not all cashback apps operate the same. Some give you a rebate based...
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If you’re familiar with Dave Ramsey, you may not find it surprising that he’s been in the headlines more than usual in the last few years. However, if you have no idea who he is and wonder why people seem annoyed when his name comes up, this Dave Ramsey for Dummies guide will tell you...
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Do you want to know how much you need to retire? It’s only natural; everyone wants to retire and have a comfortable life. And further, I couldn’t blame you if you asked, “How long will my money last in retirement?” Indeed, knowing the amount you need to retire is tricky because it goes beyond simple...
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There is a lot of confusion around retirement, and particularly recommended retirement savings by age. How much should you have saved by age? And how much do you need in retirement? Did you know the #1 method people use to estimate how much money they need for retirement is guessing? (According to a study done...
