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How Long Until I’m Wealthy?

How Long Until I’m Wealthy?

By in Asset Allocation, Automatic Saving, Bond, Investing, Stocks, Wealth | 20 comments

“Cash confiscates capital. Long term, after taxes and inflation, the return on cash is negative.” Catherine Keating Since my mid-20’s, I made financial net worth goals for our family. I’d calculate our current net worth, add additional savings, and punch in an expected rate of return over the period, usually five to ten years. Occasionally, I go back and review prior goals. No matter what the market, over the long term we have met or surpassed the objectives. Set financial goals, make a few minor lifestyle changes and you may be surprised that you can become wealthy without a...

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What Percent of My Income Should I Save?

What Percent of My Income Should I Save?

By in Automatic Saving, Guest Post, Saving | 4 comments

Get a Clear Answer to the Question: What Percent of My Income Should I Save? Are you tired of living paycheck to paycheck? Are you constantly stressed over your finances? If so, you are not alone. Millions of people struggle with financial issues throughout the year. Even more alarming is the fact that many folks lack any or enough savings to handle even a basic financial emergency. If this sound familiar – don’t panic. It is never too late to start saving for you and your family’s future. Understand that saving is a fundamental step in the wealth building...

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Will You Have Enough Money to Retire? FinanSavvy Answers

Will You Have Enough Money to Retire? FinanSavvy Answers

By in Automatic Saving, Budget, Money Management, Personal Finance, Retirement, Sponsored | 2 comments

Get the Answer – At What Age Can I Retire? Are you interested in discovering whether your current lifestyle, savings and spending plans will leave with you enough money today and in retirement? Find out today whether you’ll have enough money to retire. Most of us strive to make better decisions when it comes to money.  “Better” can mean a lot of things. Yet, when it comes down to it, better means acting in a way that balances achieving the long term financial goals you care about the most, against quality of life today, all the while being able to pay...

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5 Tips to Get Rich and Build Wealth

5 Tips to Get Rich and Build Wealth

By in Automatic Saving, Make Money, Saving, Tips, Wealth | 25 comments

Get Rich and Build Wealth One Step at a Time    I remember, decades ago, scrimping and saving for the future. Living well beneath our moderate salary and saving and investing for the future. Decades later, the results are astounding. During the life of our family, we made hard decisions. We focused on slashing the costs of the big ticket items, such as our home and cars, as well as the smaller ones: Moved to a lower cost of living area while raising our family Eating in, bringing our lunches instead of eating out Driving our cars for decades...

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Would You Use a Robo-Advisor? Here’s What a Millennial Thinks

Would You Use a Robo-Advisor? Here’s What a Millennial Thinks

By in Asset Allocation, Automatic Saving, Guest Post, Investing, Money Management | 5 comments

Have You Been Thinking About Getting Investing Help From a Robo-Advisor? 5 Reasons You Should By staff columnist, Alexandra Deluise   In today’s technologically-driven society, it should come as no surprise that robo-advisors are now “a thing.” After all, we like automating everything – why not our investing advice? If you’ve been thinking about whether you should use a robo-advisor, this article will help you answer the question, ‘Should I use a robo-advisor?’ Robo-advisors work by using algorithms to help clients make the best investing decisions, weighing the client’s tolerance for risk and desired length of investment into the equation....

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You Don’t Need an IRA; There’s Always Social Security

You Don’t Need an IRA; There’s Always Social Security

By in Automatic Saving, Bond, Investing, Mutual Funds, Retirement | 17 comments

 Do I Need a Roth IRA If I Have Social Security?   I’m one of those dinosaurs that started her first IRA in her 20’s at the beginning of the IRA movement. At that time, there was no such thing as a Roth IRA, so I invested in a traditional IRA. On top of that anomaly, I was the only 25 year old at a retirement seminar in a room full of 60 year olds. The question of whether I needed need a Roth IRA if I have Social Security didn’t cross my mind since I believed that there’s no such...

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