The OKR framework is a method used to bridge the gap between strategizing and executing ambitious business goals, but it can be used for personal goals too. OKR, which stands for âObjectives and Key Results,â has revolutionized the way the corporate world approaches goal-setting. OKR allows teams to focus on big picture outcomes and achieve
The post How to Use the OKR Framework to Reach Your Life Goals appeared first on MintLife Blog.
There are at least two dozen companies providing car insurance in California, but weâve narrowed the list down to seven which we believe are the very best. This will eliminate the need for you to investigate every car insurance company in California so you can focus on the handful that provide the best value for […]
The post How to Get the Best Car Insurance in California appeared first on Good Financial Cents®.
My name is Zach, and I write at Four Pillar Freedom, where I tend to tackle financial topics through data visualization. While J.D. is on vacation, I offered to explore one of his favorite topics: the effects of saving rate versus investment returns.
Albert Einstein supposedly once said that compound interest is the eighth wonder of the world.But does data actually support this claim?
In this post, I explore the nature of compound interest, how long it takes to become an important factor in wealth accumulation, and whether or not it actually matters much for people who hope to achieve financial independence in a relatively short time.
What matters more: your saving rate or your investment returns?
Suppose your goal is to achieve a net worth of $1 million. If you invest $10,000 every year and earn a 7% annual return on your investments — which is a reasonable assumption for long-term stock market returns — you’ll accumulate $1 million in about 30.7 years.
The chart below shows exactly how long it would take to reach every $100,000 net worth milestone, using the assumptions of a $10,000 annual investment earning a 7% annual return:
Notice how each $100,000 net worth milestone takes less time to reach than the last. In fact, it’s mind-boggling to see that it will take youlongerto go from $0 to $100,000 than it will to go from $600,000 to $1 million:
The first $100,000 takes the longest to save because you don’t receive much help from investment returns early on. The time it takes you to go from $0 to $100,000 is mostly dependent on the gap between your income and your spending.
More and more, companies are dispensing with traditional annual employee reviews. They say this is out of sensitivity to a new generation of employees who find reviews stressful. The real reason may be that dispensing with employee reviews saves companies money — albeit at the expense of their employees.
Microsoft and Dell are among the high-profile companies that have made news recently by dumping annual employee reviews, and Silicon Valley has long turned its nose up at such traditional means of measuring performance and managing people. For many employees, the initial reaction is relief, but they would be wise to look closer. Without that annual review process, they could find that opportunities to get a raise are fewer and more difficult to obtain.
As much as you may view a formal review as resembling an interrogation scene out of George Orwell’s “1984,” it should work to your benefit — both financially and in terms of feeling more connected to your workplace.
When it comes to money, thereâs nothing as empowering as having a good understanding of your finances and achieving financial freedom. However, women can often struggle to feel confident in their ability to invest or simply save altogether. On average, women invest 40 percent less than men and retire with two-thirds of the money â
The post Investing Advice We Can Learn from 10 Successful Lady Bosses appeared first on MintLife Blog.
Auto insurance is more than just a legal requirement: Itâs a way to protect yourself (and your property) in case you cause an accident.
Looking for a recession-proof business? Insurance is one of those industries that is largely untroubled by the state of the economy. The reason is that most insurance products are necessary part of modern life. You usually can’t own a car without automobile insurance, and your mortgage company will likely require that you have homeowners insurance. The […]
The post How to Start Your Own Insurance Business appeared first on The Simple Dollar.
Our guide helps you make sense of your financial aid award letter. It’s essential reading before you compare options and decide on a college.Our guide helps you make sense of your financial aid award letter. It’s essential reading before you compare options and decide on a college.
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Are you currently taking a hiatus from paid employment? Maybe you want to stay home with your kids until they’re in school. Maybe you haven’t been able to find another job after a layoff. Maybe you had some savings and took a mini-retirement. Or maybe you just wanted a break.
Self-imposed or not, taking a break from the paycheck can be scary.
You know what I find even scarier? Trying to re-enter the job market after a long hiatus.
Despite having nothing saved for retirement, itâs possible to retire in as few as 10 years. By cutting your cost of living to the bone and saving every available penny, almost anyone can accumulate sufficient assets to generate enough investment ⦠Continue reading â
The post How to Retire In 10 Years with No Savings appeared first on SmartAsset Blog.