The number one thing stopping most people from investing isn’t how much money they have – you can save for retirement with just a dollar a day – it’s that they don’t feel confident. Don’t let all the financial jargon stop you from embracing the best wealth building tool: Compound Interest. Investing has never been […]
I was recently quoted in an article that focused on investment advice. When I started my first job, I had an elder statesman in the company pull me aside. He told me to live on 90% of my income and invest the difference. Boy was he right! Thirty-two years later his advice has created financial […]
Brad Dugdale, author of Munny Journey, talks about investing in savings accounts for your child.
Millennials are looking at a vastly different retirement than their parents are, or possibly no retirement at all. Life expectancies are growing 30% a decade…..living until 100 will become common for this generation. Different from their parents millennials have delayed many life priorities (jobs, marriage, home purchase, savings, 401(k). Millennials are less financially literate […]
The best way to teach kids to save is to already have a savings or investment account established. When parents or grandparents dedicate funds for a child it establishes rules, purpose and special meaning. Joining the child’s additional savings on top of the established account creates a family joint venture for the child. Adding to […]
Most people don’t budget…..America has become a “what’s the minimum payment” society. Budgets create accountability which is not common place. The Americans that do have a substantial leg up on those who don’t. Even ordinary people can accumulate enough wealth to sustain a balanced retirement. Working for companies that have monthly payroll deductions into 401ks […]