Over 28% of Americans age 55+ years have zero money saved for retirement. 17% of Americans age 55+ years have less than $10,000 saved.
This means that over 35% of Americans approaching retirement have no savings prepared – other than what they may have in social security.
This is why so many retirees live in fear of the question: Will I outlive my retirement savings?
Tax season is around the corner. This means you are probably starting to think about the best way to use your refund. We have already discussed five things that you should do with your tax return this season, but what should you not do?
Once you get your refund, you may be tempted to spend that big chunk of money. Don’t! Decide to take control of your funds and become financially fit instead.
Have you been thinking about what you need to do to ensure a comfortable retirement? Do you want to learn how to invest now, so you’ll have enough wealth built up to thrive in your golden years? There’s a big difference between dreaming of becoming rich and being committed to having financial independence. Understanding this Read more.
Investing beginners associate investing in the stock market with intense feelings of fear and stress. Investing in anything, especially the stock market, when you don’t know anything can be scary. It’s a serious journey that shapes your life, that’s why we’re here to help. Learning how to invest and understanding what you’re investing in WILL Read more.
Why do you want to learn how to invest?
Most people want to start investing because they want to retire or retire early. Others want to be able to cover their medical bills, or pay for their children’s college, travel, or have extra money later.
No matter what your reasons, or where you are in life, learning how to invest is the best way to secure your financial future and that is exactly what I’m going to show you in this post. Read more.
Charlie Munger said, “You don’t make money when you buy and you don’t make money when you sell. You make money when you wait.”
That assertion is so powerful that it is easy to overlook how critical it is. The whole idea of Rule #1 Investing is buying a stock low, and selling it high. But, the key here is that you’re doing nothing most of the time. In this video, we’re going to talk about just how powerful waiting is and why professional fund managers just can’t afford to invest like this: Read more.
There’s a very easy way to tell the amount of time it will take to double your money and it’s called the Rule of 72. Getting a sense of how compound interest can potentially grow your portfolio is enough to light a fire under you and get you started saving as early as possible. I use the Rule of 72 all of the time, and chances are, if you’ve listened to my podcast or read either of my books, you’ve heard me use it.
Knowing how long it takes to double your money, tells you what your compounded rate of return is over time. Watch the video below to learn more. Read more.