Posts Tagged ‘saving’

In “7 Costly Retirement Savings Mistakes to Avoid,” I had mentioned that waiting too long is the number one mistake. I am afraid I didn’t demonstrate it well, so here is a different look at the concept.

Assume that in each scenario, the investment grows at 10% per year*.
* Based on historical data, investment gain [...]

Cash Money Life is running a contest Share Your 2008 Financial Resolution for a Chance to Win an iPod! that will end December 4th at 11:59 PM, Eastern Daylight Saving Time. I never own an iPod before, so I am going to give this a try.
My best friend and his wife recently bought me the [...]

I found this great list on Wonders of the World so this week carnival will be based on wondrous things in the world. There are a lot of submissions this weekend but I did manage to read through them all, and could certify their high quality. I list these in the order in which they [...]

On Friday, I wrote “Discover your money values and financial demons.” The idea was to keep track of every pennies spent in order to learn about your spending habits, priorities, and money leaks. I have never been a big fan of budgeting because it is tedious — as long as I have money to [...]

Right now my house is in the midst (mess?) of a renovation project. We are updating our bathroom which recently sprung a leak due to an array of broken and rusty pipes. We are also converting our dining room to a dual purpose “home office-guest bed room” combination in anticipation of the [...]

Recently, I realized that I am down to my last checkbook and started to look around the Web to order a new check. Then I remembered that my brokerage firm had merged with (or acquired by) another firm, thus the check information may have changed. So I went online and found that it [...]

As you may already know, our Social Security system is in crisis. Even if it is not, the money you get from Social Security may not be enough for your retirement. Many people do not place retirement planning as a high priority subject. This is especially true when life is hard right [...]

I want to share with you how I saved my first $250,000. Of course, your result will vary depending on your income, saving options, and ability to save.
Automatic-Investment Plan (AIP)
I started working in 1996 as a contract worker, so I didn’t have any 401k plan. Personally, I am not a budgeting type, so [...]

To many people, wealthy means having an abundance of material possessions. Wealthy people are those that own big houses, luxury cars, yachts, expensive watches, etc. But is that really wealthy?
For me, I would consider myself wealthy when income from my assets can cover all my family living expenses and a few luxuries. [...]