4 reasons why you need an emergency fund
From unexpected bills to job loss, an emergency fund helps protect your financial well-being.
The post 4 reasons why you need an emergency fund appeared first on Discover Bank – Banking Topics Blog.
From unexpected bills to job loss, an emergency fund helps protect your financial well-being.
The post 4 reasons why you need an emergency fund appeared first on Discover Bank – Banking Topics Blog.
The view is one of the best things about Jersey City. See it at its best in an apartment with a roof deck.
The post 10 Best Apartment Rooftops in Jersey City appeared first on The Rent. Blog : A Renterâs Guide for Tips & Advice.
Note from J.D.
Last October, I had a chance to read an advance copy of Grant Sabatier’s new book, Financial Freedom, which was just released this morning. I liked it. I loved parts of it. In fact, the second chapter of Financial Freedom inspired my article about how time is more valuable than money.Today, I’m pleased to present a (heavily edited) excerpt from that second chapter. Here’s Sabatier on why time is more valuable than money — and why you can and should retire early. (Links and photos are from me. Everything else is from the book. Note, however, I’ve heavily edited this chapter in order to abridge it and to make it more readable in blog format.)
If some ninety-year-old rich dude offered you $100 million to trade places with him, would you do it? Of course not. Why? Because time is more valuable than money.
The average person has approximately 25,000 days to live in their adult life. If youâre reading this, you likely need to trade your time for money in order to live a life that is safe, healthy, and happy. But if you didnât have to work to make money, youâd be able to spend that time however you wanted.
No one cares about your time as much as you do. People will try to take your time and fill it up with meetings and calls and more meetings. But itâs your time. Your only time. Financial Freedom is designed to help you make the most of it. Make money buy time.
My goal is to help you retire as early as possible. When I say retire, I donât mean that you’ll never work again, only that youâll have enough money so that you never have to work again. This is complete financial freedom â the ability to do whatever you want with your time.
I donât ever plan to retire in the traditional sense of the word, but you could say that Iâm âretiredâ now because I have enough money and freedom to spend my time doing whatever I want. I no longer have to work for money, but I still enjoy making money, and itâs attached to many of the things I enjoy doing. I love working and challenging myself and hopefully always will, so checking out to a life of leisure just isnât my vibe.
If you want to âretireâ sooner rather than later, you need to rethink everything youâve been taught about retirement and probably most of what youâve been taught about money. As a society, we have collectively adopted one approach to retiring: get a job, set aside a certain portion of your income in a 401(k) or other retirement account, and in 40+ years youâll have enough money saved that you can stop working for good.
This approach is designed to get you to retire in your sixties or seventies, which explains why pretty much every advertisement about retirement shows silver-haired grandmas and grandpas (typically on a golf course or walking along the beach).
There are three major problems with this approach:
The first major problem with traditional retirement advice is that even if you follow it perfectly (and most people usually donât), you still might not have enough to live on when you are in your sixties.
The popular advice to save 5% to 10% of your income isn’t enough. You should be saving as much money as early and often as you can. If you want to be sure you’ll be able to retire at 65, you need to start (and keep) saving at least 20% of your income from the age of 30.
Hereâs how big a difference it makes.
Find the best apartment rooftops in Houston with help from this detailed list.
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I have many reasons for having a minimalist wardrobe and becoming a minimalist. I move around a lot, I haven’t lived in the same place for more than eight months in awhile, so not having a lot of clothes to pack up and unpack is beneficial. Minimalist living is what I am all about. I also […]
The post Maintaining a Minimalist Wardrobe appeared first on Making Sense Of Cents.
Truly enjoy the outdoors in your Tampa apartment. Check out these spots with the best outdoor clubhouses.
The post 10 Best Outdoor Apartment Clubhouses in Tampa appeared first on The Rent. Blog : A Renterâs Guide for Tips & Advice.
Check out these Minneapolis apartments that offer luxury amenities for pets and people alike.
The post 10 Awesome Pet-friendly Apartments in Minneapolis appeared first on The Rent. Blog : A Renterâs Guide for Tips & Advice.
I’ve wanted a tablet since the first one was presented to the world. The sleekness, the small size, the operating system! I collectively gasped right along with the rest of North America. Ever the frugal girl, it would be years before I got to hold my very own in my hands, as a Christmas gift […]
The post Are Tablets Worth It? appeared first on Making Sense Of Cents.
Weâve all heard the saying âItâs not easy being green,â but it can be if you follow these 18 clever tips and tricks for how to save money on utilities.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.