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compounding leads to a comfortable retirement

What Factors Impact Whether I’ll Retire Comfortably?

How to Retire Comfortably FF at Feeling Financial asks: What factors play the biggest role in whether or not I’ll retire comfortably? Is it the funds I pick, how much I save, or how often I rebalance? Recently, when talking about budgeting with my Mom, she mentioned that she and my Dad never budgeted. That really surprised me. They were and still are very financially savvy. My dad came from an impoverished background and my mom’s upbringing was modest. My dad started working at age 10 to help…

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how to get what you really want

5 Tips to Get What You Really Want

For those of us old enough to remember Willie Wonka and the Chocolate Factory – you know, the one before Johnny Depp – Veruca Salt might pop into your head during this post*. She had an incredibly whiney voice and constantly asked for items, demanding “I want it now!” whenever her poor father tried to delay her gratification. We may not be as irritating as this character, but maybe of us become overwhelmed with our “now” wants, which causes us to occasionally lose sight of our “most” wants. B…

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How to become a successful investor.

3 Tips to Become a Successful Investor

Investing and Financial Success I had the pleasure of being recruited at an important financial conference to give my best finance and tips to become a successful investor. It was not only fun to talk about what works in wealth building, but also great to do it ‘on camera’. I love to share the ways to become a successful investor and the more you get the steps and strategies to build wealth, the fewer financial stresses you experience. Smart small and you’ll be amazed at how a few money chang…

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Pay Off Debt or Save for Retirement

Pay Off Debt or Save for Retirement – What to Do First?

Michael from Studentloansherpa.com asks: For people with existing debt, such as credit cards and student loans, is it best to pay off debt or save for retirement? I realize that the interest rate is obviously a big factor here, so at what debt interest rate does putting money towards retirement instead of debt make the most sense? Michael, I wish it was that simple, if your interest rate is x percent, pay off debt; if your interest rate is y percent, then save for retirement. Like many invest…

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ramit sethi - how to get a raise

Money Help From Ramit Sethi; How to Get a Raise

Money Tip-Simple Strategy to Get a Raise Although I met Sethi at a Financial Blogger’s Conference several years ago, read his book I Will Teach You to be Rich, and subscribed to his newsletter, I had some difficulty understanding his tremendous popularity. Yes, he’s smart, charismatic, and creative, but what was the allure? I opened a news blast, read the entire copy, clicked the link, and read that entire copy. Sethi offered a five minute life changing tip. The first email blast title: The h…

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What are the impacts of globalization?

The Positive and Negative Impacts of Globalization; Financial and Other Implications

Financial and Societal Consequences of Globalization The global economy continues to be in the forefront of the media. In a recent Wall Street Journal article, “U.S. Firms Move Abroad to Cut Taxes”, several U.S. companies are profiled as they move their headquarters abroad to save on taxes. This particular cost cutting strategy impacts consumers as lower taxes for a corporation leads to greater profits which can be used to stabilize consumer prices. Globalization has massive impacts on our ec…

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Retirement account rollover. Turn $50,000 into $453,000 with investing.

What to Do with My Retirement Account When I Leave My Job?

I’d like to ask what should I consider (and what questions should I be asking others/myself) when deciding where to roll-over my 401k? Quick Profile: – 30 years old – Recently married; husband has full-time job, but itching to leave – I just left my full-time job to start my own business (so it will be a while until I can contribute to a retirement plan). – no debts! credit cards paid in full, college loans paid off! – 401k has about $50k Options (broad strokes): – Keep my 401k with my compan…

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PERSONAL FINANCE LESSONS_1

Personal Finance Lessons – Part 1

Want to become inspired to improve your money life? Read about influencers who are changing the financial literacy and education landscape. Long term investors know that trying to beat the market is a fool’s game because the market always reverts to its mean. So if I could teach the kids to start early, and be happy with the historical average of around 8.5% return, then by the time they were older and had a family, they would thank me. And since long term buy-and-hold investing isn’t necessa…

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where are the customer's yachts. ways the financial industry is trying to screw you.

20 Ways the Investing Industry is Trying to Scr*w You

Is the Investing Industry Trying to Scr*w You? Once in the dear dead days beyond recall, an out-of-town visitor was being shown the wonders of the New York financial district. When the party arrived at the Battery, one of his guides indicated some handsome ships riding at anchor. He said, “Look, those are the bankers’ and brokers’ yachts.” “Where are the customers’ yachts?” asked the naïve visitor. –Ancient story I started this website to give you a cheap alternative to build wealth with inv…

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