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Catch up on some of the latest posts with this week's roundup:
How To Find Your Financial Freedom Number
Keep in mind that the real goal is not the money, but the freedom and control it gives you to live the lifestyle you desire. WHAT IS YOUR FINANCIAL FREEDOM NUMBER?
Your Financial Freedom number is the amount of passive income needed in order to pay for your daily living expenses. It’s the amount of income required from your savings and investments that would allow you to quit your job and no longer work. That doesn’t mean you have to quit your job, but it gives you the freedom and control to do so if desired.
How To Create Passive Income And Stop Working
Passive income is income you receive from any form of savings or investment that you aren’t materially involved in. It’s money that comes in without having to do much work.
Now, “passive” can be a bit of a stretch for certain types of investments, especially if you have to do anything. To be truly passive, your required work needs to be near zero.
7 Ways To Begin The New Year On A Strong Financial Footing
Welcome to the New Year, 2018! There is no better time than now to reflect on how you have been managing your finances, and perhaps begin the New Year with a commitment to do a deep-dive financial analysis.
Do You agree? If you do, here are seven ways to get you on a firm financial footing. Let’s discuss.
1. Organize Your Finances I recently met a couple who are in their late forties. Each had a 401(K) account with his or her current employer. Husband had three traditional IRA accounts and one ROTH IRA account.
How To Stop Worrying About Small Purchases By Focusing On The Right Things
This past spring, I was out for dinner with friends, and one of the couples brought up the topic of budgeting.
It’s something that had been on their minds, and they were trying their best to get their finances together and begin aggressively saving.
We had a long conversation about the different strategies people are using to save more money. One of the ideas they brought up was an often-referenced argument that over your lifetime you could save six figures by not buying coffee...