Working online is getting more popular, especially for the younger generation. Work from home is finally going mainstream. There are a lot of benefits to moving to another state or another country. First, by changing your scenery you change your perspective. Second, experience a new culture and expand your worldview. Third, live for less. This is particularly important if you’re looking to...
Get free money with a 401k
There are a lot of reasons to contribute to a 401k, which is why more than 60 million people have one and one-fifth of all retirement funds are held in 401(k)s. One of the top reasons is that what you contribute reduces your taxable income by whatever you contribute. The contribution limit for 2023 is $22,500 and additional $7,500 if you’re older than 50 years old. One top of that, if your...
Compounding fees may be dragging on your returns
A recent survey of investors found that 21% of investors don’t think they’re paying a lot in fees for their investments. The fact is that most fees from mutual funds and brokerage companies don’t show up on your statement. They are taken out of the funds performance and you don’t have a write a check each years for these expenses, but they are there and they add up. The...
4 Essential Personal Finance Tips for People in Their 20s
The internet is full of personal finance tips; however, the most common advice you’ll hear from finance experts and adults close to you is to save and invest early on in life. But, sadly, this advice isn’t often put into action. A post on CNBC reported on a 2019 financial study which focused on young workers aged 18-29 situated in the U.S. Researchers found that the young people are less likely...
Retirement Saving Tips: How to Retire Early with No Money
Everyone dreams of the day when they can hang the boots and retire. Some people want to know how to retire at 30 and some want to retire at 50, hence, it doesn’t come as a surprise that so many people look for retirement saving tips. In this how to retire article, we’ll provide some great retirement savings tips to help you retire. Let’s get started: What Does Retirement Mean Today? Retirement...