If you’re like most people, financial independence is your ultimate financial goal. The road to a financially care-free lifestyle requires planning and dedication and even a bit of luck. But you may need to fix your finances today, before you can plan for a financially secure tomorrow.
Invest Your Money
Invest Your Money
Below you'll find plenty of investment articles and ideas, but is investing safe? It's risky, right? Isn't it more safe to keep all my money in cash?
Cash is king, but it's got one major flaw: just like the rest of us, cash gets weaker as it gets older. In fact, your cash loses about 3% of it's value every single year to inflation.
Stick $100 under your mattress and next year at this time your hundred buck will have have buying power equal to about $97. Given enough time, your cash will be worthless ... unless you put it to work.
Investing is required
All by itself your cash gets weaker with age, but when you put it to work by investing it, then your money gets stronger with age - a lot stronger! Investing is like creating a money making machine that works for you 24/7/365.
And it's not hard! Investing is so easy - all you really need to do is just Index and Chill.
If you're looking for even more investment articles and ideas then keep on reading. Below you'll find many, many more posts on this topic, so click around till you find one that you love.
These outdated financial rules were created by previous generations, but no longer hold true in today’s world.If you’re interested in achieving financial independence and early retirement then you need to consider breaking these 5 outdated financial rules.
While it is true that money can’t buy happiness, it’s also true that not having money doesn’t do a lot of good to our mindset. One of the oldest and most popular debates, this topic seems to have the same number of yay and naysayers, but why is that?
One of the reasons may lie in the fact that a lot of people observe the matter of money as strictly black and white, when it’s, in fact, very gray. The fact of the matter is that money per se doesn’t necessarily have a strong effect on our overall well-being – it’s rather the things we choose to do with the money that have an effect on us. So, if you want to see how money can, in fact, improve your well-being, please read on.
Mike Tyson once said “everyone has a plan till they get punched in the face.” The opposite was true for me. It took a solid punch to the face for me to wake up and realize that I needed a plan. This is the story of how my 14 months of extended unemployment led me down a path to financial independence and early retirement.
It’s important that you diversify your income with passive income. Doing so is an insurance against whatever life may through your way.
Just a few short years ago I began taking on more responsibility at work, which lead to me bringing home bigger paychecks and enjoying cushy employee perks. That extra income and those perks got us to a point where we *finally* had a bit of financial breathing room. We took full advantage and began to get our financial act together.
Life was awesome! But the financial progress we were making came to a grinding halt the day I lost my job.