Tag: retirement
Are You Headed for a Retirement Savings Crisis? Watch for These Warning Signs.
October 7, 2020
Retirement planning can be a daunting task, but it’s one that we all need to consider. Studies show that most people are not saving enough for retirement, and some are not saving at all. If you’re concerned about your retirement savings, you’re not alone. Many people are unsure if they’re on track to have enough money to retire comfortably.
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Statistic Brain – Look at the Stats to Get Motivated
July 1, 2014
This post is probably most exciting for the scientists, engineers and mathematicians among us. I found this cool site cool Statistic Brain, which gives the stats on many interesting things, including financials, entertainment, education, food, health crime, and demographics.
Clearly, being a blogger about frugality and how to gain your financial freedom I went straight to the financials. (Although other pages such as food or health had some important stats about the US and the world, and reading these certainly makes me want to do even more exercise and give more to charity, be it time or money). Continue Reading
Never Retiring?
June 15, 2014
I just read an article on MarketWatch about never retiring. Before we get into the idea of never retiring, there were some troubling statistics in the article that I would like to highlight. Fidelity (the retirement/investment brokerage firm) is quoted as saying that merely one-third of americans that are working are going to be able to pay 95% plus of their expenses in retirement. Even more scary is that an additional 12% will be able to cover just their essential expenses, leaving 55% likely to have difficulty in covering these. We are talking about not being able to pay for food, healthcare, housing, all of which sound pretty important to me. Continue Reading
Why Are You Not Rich?
April 24, 2014
Are you financially free or even rich? If not, what’s stopping you?
Well, perhaps the main reason is that you may be living like you are rich already, and so hopefully, reading this blog will improve your financial savvy. The following is a list of major traps that can confine you to many years as a financial slave in the rat race, so avoid or escape these as soon as you can: Continue Reading
Minted
February 8, 2014
I have been using mint.com for just over a year and have found it a very useful way to track my finances.It allows you to easily keep track of any accounts such as credit cards, bank balances and loans. This is in addition to including investments and property. Tracking your spending habits from short to long term can be completed with just a click of a mouse Continue Reading
Ramp Up Those Savings!
January 28, 2014
What would you do if you won the lottery right now and became financially free? Would you work less, travel more, move to another part of the country or an entirely different country? Maybe engage in charity work or educational activities? Become become an excellent suffer (yes, I live in SoCal) or just lounge at the beach?
Assertively pursuing your financial independence allows you to achieve these types of life goals, rather than give them up, and hopefully get to them much more rapidly! So how can you achieve this? Well clearly it is earning more and/or spending less, and maybe somewhat surprisingly, it’s the spending less that really acts as the turbo charge in this equation. Continue Reading