The Best Neighborhoods in Pittsburgh for Renters in 2023
Best neighborhoods in Pittsburgh in 2023
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Best neighborhoods in Pittsburgh in 2023
The post The Best Neighborhoods in Pittsburgh for Renters in 2023 appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.
Today weâll take a good look at âGeorge Mason Mortgage,â a leading mortgage lender in the Mid-Atlantic region of the United States. Whatâs unique about them is the fact that theyâre a subsidiary of a large depository, United Bank. This means theyâve got the backing of a very large and well established publicly-traded company. In… Read More »George Mason Mortgage Review: A Virginia Mortgage Lender with In-House Processing and Underwriting at Local Branches
The post George Mason Mortgage Review: A Virginia Mortgage Lender with In-House Processing and Underwriting at Local Branches appeared first on The Truth About Mortgage.
Marin County lies just north of San Francisco across the Golden Gate bridge, and over 80% of it is preserved open space. New constructions are rare in this area — and usually no more than 10 new homes are built here each year. This is why the property weâre about to tour is such a […]
The post New Homes are Rare in Caliâs Marin County, Which Is Why This $5.5M House Is a True Gem appeared first on Fancy Pants Homes.
The post Fund That Flip Review: Invest In Real Estate Online appeared first on Well Kept Wallet.
I am both a money nerd and a book nerd. Naturally, I get a little giddy when I find old books about money I’ve never heard of before.
While browsing Oregon’s best used bookstore earlier this year, I stumbled on a 1989 book called How to Retire Young by Edward M. Tauber. Tauber retired at the age of 43 from a tenured full professorship as Professor of Marketing at the University of Southern California. He’s written a number of marketing textbooks, but this was his first (and only?) foray into the realm of personal finance.
How to Retire Young is one of the oldest books I’ve found on the subject of early retirement. It’s fun to see how much of the modern financial independence movement is foreshadowed in the book’s pages.
It’s also fun to see how closely How to Retire Young adheres to my own “get rich slowly” philosophy. “Much [financial advice] is oriented toward the quick buck,” writes Tauber, “taking paths that often have a low probability. In short, you might as well play the lottery.”
Tauber has a different philosophy. He urges readers to “take the high road”. He wants them to follow the path with the greatest odds of success, even if that path might not lead to quick wins. He also cautions that “there’s no best way for everyone”, just as I say “do what works for you”. There are certainly best practices and mathematically optimal options, but there aren’t any right options.
Tauber’s premise is that many people can retire early — if they plan and remain dedicated to the plan. He writes:
“If you want to retire early, there are no magic formulas. It requires hard work to make money and requires smart work to learn how to invest on a pretax basis. If you invested 15 to 20 years in school to learn how to make money, why not spend a little effort to plan how to capitalize on your earning power to be able to enjoy it for a third of your life on your terms in early retirement?”
“Think of life has having three periods: schooling, working, and savoring,” he says. Most folks spend the first 20 to 25 years of life in school, work for 40 to 50 years, then leave what’s left for “savoring”. He suggests shifting our perspective. “Why not plan life in three equal installments?” he asks. Spend 25 years in school, work for 25 years, then savor another 25 years — or more.
The issue, as you know, is that there are trade-offs. The opportunity cost of retiring young is the stuff you could have had (and the things you could have done) during your working years. “Early retirement is like anything else that you can purchase,” Tauber writes. You probably won’t have as much discretionary income while you’re saving or when you retire, but you will have the time to enjoy what you do have.”
Tauber says the reason most people don’t retire early is they don’t think it’s possible. More than that, they’re not willing to wait to spend their money. They want to spend it now. They’re working hard, earning money, and they feel like they deserve to indulge themselves.
What’s more, the average person “cannot visualize the possibility that [work] might slow or stop”. People fall victim to the forever fallacy. As a result, they get trapped in what Tauber calls the work-spend cycle.
When you want everything now, you get it now — but that means exactly what it implies: having it now, not later. “It’s a prescription for a lifetime of work and spend,” Tauber warns. It’s also a prescription for living on less when you’re older. If you want money now and later, you have to plan for it. You have to want it badly or it won’t happen. And “if you want to retire early, you have to do it yourself, using the system to your best advantage.”
Whether you’ve lived in Lowell for a while or recently moved there, check out 11 must-try restaurants in Lowell MA. Find out where the locals eat.
The post 11 Must-Try Restaurants in Lowell, MA: Where the Lowell Locals Eat appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.
How many times can you use your VA loan benefit? You can use your VA home loan benefit as many times as you want. But, with some rare exceptions, you […]
The post Blog first appeared on MilitaryVALoan.com.
Hello! Today, I have a great guest post from Melanie. She started a business as a podcast virtual assistant and talks about how you can too. I’m Melanie Scroggins – voice actor and podcast producer. I currently live in Austin, TX with my husband and two fur babies. I’ve been working in audio production for […]
The post How I Make $1,500 A Month As A Podcast Virtual Assistant appeared first on Making Sense Of Cents.
Early retirement has become a popular financial goal. And well it should be. Even if you never retire early, just knowing that you can is liberating! And it may just be the strategy that frees you up to take on even bigger challenges in life. That can happen when you reach the point where you […]
The post How to Retire at 50 in 7 Easy Steps appeared first on Good Financial Cents®.