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How to Become a Millionaire-Investment Advice for 30 Year Olds

How to Become a Millionaire-Investment Advice for 30 Year Olds

By in Asset Allocation, Automatic Saving, Debt, Investing, Money Management, Retirement, Tips | 0 comments

5 Tips to Become a Millionaire “You only have to do a very few things right in your life so long as you don’t do too many things wrong.” ~Warren Buffett (source; BrainyQuote.com) Get the specific, actionable steps to become a millionaire if you are in your 30s. Use this financial advice for 30 somethings as a step-by-step guide for wealth building. If you haven’t started investing for your future, don’t stress, now is the time to start understanding and implementing how to plan for retirement at 30. Investment Strategies for 30-year-olds – Backstory My husband and I started...

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6 Money Tips for Navy Seals – A Gift For Our Warriors

6 Money Tips for Navy Seals – A Gift For Our Warriors

By in Automatic Saving, Debt, Investing, Tips | 0 comments

It’s official, I’m addicted to the History Channel’s eight part drama about the lives of Navy Seals, “SIX“. After watching two episodes of this edge-of-your-seat action drama, I experienced feelings of worthlessness and self-deprecation. After all, these guys risk their lives in dangerous circumstances to protect our freedom and what am I doing of value – writing investing and financial management articles? Then, the Seals come home to family drama and difficulties. And to add to their stresses, pay for an entry level Navy Seal is a paltry  $22,992 per year for entry level Special Warfare Operator Third Class. Despite...

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10 Steps to Take Before Investing – Beginner Investment Tips

10 Steps to Take Before Investing – Beginner Investment Tips

By in Automatic Saving, Budget, Debt, Investing | 24 comments

“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – Robert G. Allen What to Do Before Investing in a Stock or Mutual Fund Buying and selling stocks, bonds and mutual funds is a path to wealth, yet, there are steps to take before investing. At the start of my investing career, I thought it was cool to research and invest in the stock and bond markets; until I had my first loss. When my first stock pick drops 50% in price, I wasn’t having fun! Fortunately, I learned...

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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, Sponsored | 6 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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