Learning how to save 50% of your income is a great way to set yourself up for financial independence. Maximizing savings is something anyone can do, regardless of income.
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.
Who doesn’t want to get rich quick then ride off into the sunset to live the life of their dreams? I do – that would be awesome! And based on the Google search results that drive people to this website, I’m not alone either. Here’s the good news/bad news reality: it is possible to get rich quick. But you shouldn’t spend much time or money trying.
Today I reached another milestone in my quest to reach financial independence and retire early. Step number 3 in my Get Rich Quick’ish strategy is ‘Take Advantage of Free Money.‘ As of this moment I’m officially all-in on my employer’s ESPP program.
It has taken a while to get to this point (two years to be exact), but it means that between my Employee Stock Purchase Program and my 401(k) match, I’m finally grabbing 100% of the free money that my employer offers.
Your job may give you and your family a certain kind of security that goes with a good, stable material situation. And it’s easy to settle for that kind of stability. I fell into the same stability trap, as many others did.
Luckily, in my case, the thing that snapped me out of the stupor of perceived stability wasn’t some horrible life-changing tragedy. No, it was a simple broken leg. While some would say that a broken leg is tragic enough, for me it was merely a chance to sit and do nothing for two or three months – or so I thought.
Happy Halloween, Campers! Today is the day when much of the Western world celebrates an ancient Celtic harvest festival by donning costumes of all sorts to ward off evil spirits and ghouls. Actually, much of the Western world has no idea why we celebrate Halloween, they just like to dress their kids up and send them off to ask strangers for candy.
This particular Halloween might be a bit spookier than most, especially for those of us new to The FIRE Movement that have enjoyed massive stock market gains since deciding to get our financial act within the past decade or so. That’s because this massive bull run appears to be slowing down. For many investors this could be their first bump in the road.
Most of this year has been great, but October has seen year-to-date gains wiped out. The market is now at a lower point than when the year began (at the time of this writing, we’re down -1.21% for the year after seeing highs over 8% a short time ago).
Spooky times indeed!