Home prices have soared like a Space X rocket (not the April 2023 explosion), increasing by 1,608% since 1970, while inflation increased by 644%
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As previously noted, most of us take our day-to-day thinking for granted and spend little time working on improving our thinking processes. Adjusting our thinking habits is a long-term process that occurs over years, not weeks or months.
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In this column, we will consider the attributes of a Fair-minded Critical Thinker and what one needs to consider to avoid thinking in a self-centered fashio
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n this column we will explore a means by which you can conduct a self-assessment and begin the process of improving your ability to learn as a student and as an employee.
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n this column we will explore a means by which you can conduct a self-assessment and begin the process of improving your ability to learn as a student and as an employee.
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If I had one piece of advice for anyone who hasn't started investing yet, it would be: Please, just start. If that feels hard, ask for help. Money and investing are an emotional business. Seek advisors to help wade through your valid concerns!
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The Feds increased 401K contribution limits to $20,500 in 2022, which is an increase from years 2020 and 2021 limit of $19,500. Catch-up contributions to retirement accounts for those age 50 and up will remain unchanged at $6,500. Including their regular contributions, people 50 and up will be able to stash up to a limit of $27,000.
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The problem is worse today than my parents’ generation because pensions in the private sector have been eliminated. VOLUNTARY 401-K plans have replaced the Majority of companies’ pensions. The 401-K was designed to mimic a pension’s retirement income. BUT only if YOU: 1. Start saving EARLY, in your 20’s, 2. Contribute a significant percentage of your compensation to your plan, 3. Work for a company that matches some portion of your ...
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A typical millionaire looks like you. You pass them in the street. Eat at the same restaurants and fast food chains. They’re your neighbors and the people you see in grocery stores, etc. They work hard, save their money, invest and have a large, rainy day fund.
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Have you heard of the “Rule of 72”? This simple rule helps your HARD-EARNED MONEY grow! The “Rule of 72” approximates how many years it will take for your money to double, given a fixed rate of return. The formula: {72 / interest rate = Number years to double}. How long do you believe it will take to double your money if placed in a typical U. S. savings account? ...
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