Saving money can indeed feel challenging, especially when you’re just starting out. Several factors contribute to why the first $100,000 might be particularly difficult to save: Despite these challenges, saving the first $100,000 is a significant milestone that can set the foundation for future financial success. It requires perseverance, discipline, and a commitment to yourContinue reading “Why Saving the First $100,000 is the Most Difficult”
Category Archives: Money
How Many People Get To 1 Million in Retirement?
I came across this article which asks this very important question, what does the data tell us about how many people actually do retire with 1 million in the bank? The 1 million sum is great because first off it is a lot of money. Next, it is also a nice round number that isContinue reading “How Many People Get To 1 Million in Retirement?”
Saving Takes Discipline!
Making money is hard. Saving money I will argue is even harder. It absolutely takes a discipline and patience that just does not come naturally for everyone. If you want to make money one of the most important things that you can do is to work really hard. If you are willing to put theContinue reading “Saving Takes Discipline!”
Importance of Demographics
While I absolutely love reading fiction as a primary source of entertainment, I recently have started reading Peter Zeihan’s books. He is a political scientist and demographer and has made and continues to make very bold predictions about the global future. I’m a bit obsessed with everything he has to say as he has been proven correctContinue reading “Importance of Demographics”
Are Target Dated Funds For You?
While I am not personally a fan of Target Dated Funds, they do have a place for people just starting out investing or people who are too busy or lack the interest to follow the market on a regular basis. They are definitely better than doing nothing at all. Target Dated Funds are designed andContinue reading “Are Target Dated Funds For You?”
When Will Your Money (or Debt) Double?
Every investor and borrow absolutely must know and understand the Rule of 72. The Rule of 72 is a simple math shortcut that can be used to quickly figure out the amount of time it will take for money to double at a fixed rate of interest. The way it works is easy. All youContinue reading “When Will Your Money (or Debt) Double?”
Work on Your Credit Score!
Having a good credit score is something worth fighting for. And, while there are different scoring companies which means you can have more than one credit score, you know at a base level if your score is good or bad. The easiest way to tell is if you pay your bills on time and payContinue reading “Work on Your Credit Score!”
Planned Rate Of Return
As you sit down and start working through long term savings calculators, what should you use as a long-term rate of return? Every percentage point makes a pretty big difference over a thirty to forty year time period. The short answer up front is you should use 8% if you have a portfolio primarily madeContinue reading “Planned Rate Of Return”
What Opened My Eyes To Investing
When I was 22 and about to graduate from college I attended a seminar about where to place investment money. A table was shown early in the presentation that I can say literally changed my life. It has been the defining philosophy of my approach to money. The table was made up of five columns. The first column wasContinue reading “What Opened My Eyes To Investing”
Keep An Eye On Your Investments
As a small investor you should always be focused on the long-term. You should work on developing your patience and discipline so that you are not panicking at every bit of bad news that comes out and therefore making emotional decisions that are probably going to hurt you more than help you. Rather, trust thatContinue reading “Keep An Eye On Your Investments”
Patient and Disciplined Saving 