Albert Einstein once said that compound interest is the eighth wonder of the world yet, sadly, many people do not fully understand the power behind it. If they did, they might make smarter financial choices and see their finances improve almost immediately. In this post, I'll walk you through the basics of compound interest and show you why you need to start taking advantage of its amazing power.
2. Compound Interest: ?the eighth wonder of the world? ? Here's Why
Today's infographic…focuses on explaining the power of compound interest - an idea that is absolutely essential to understand. Indeed, the power of compound interest is so compelling that it's been often called the ?eighth wonder of the world?. Find out why this concept is so fundamental to personal finance in the following infographic:
3. Saving For Retirement Today Will Compound Your Returns Tomorrow
When should you start saving for retirement? Financial advisors say it is never too early to drop a chunk of your monthly paycheck into a retirement account ? and ideally in your 20s when you start earning a steady paycheck. The compounding effect of money can be very powerful especially over a long period.
4. Want To Retire In Europe? Here Are Some Of the Cheapest Cities
If you've had your heart set on moving to Europe there are still history-steeped places there where you can experience old-world charm on a limited budget. Here are some of the cheapest cities you can settle down in across various European countries.
5. 9 Retirement Hotspots That Are Cheaper Now Than Ever Before
Financial considerations are the biggest factor for many people when deciding where they want to enjoy their retirement years. As the strength of the dollar continues its hold against other currencies, it's providing us with far more purchasing clout when it comes to buying other currencies. This in turn is helping to make many destinations even more affordable to U.S. citizens who are looking to decamp to foreign locales. Here are nine retirement hot spots that are cheaper than you thought.
6. 5 Places to Retire and Rent for Less Than $500 Per Month
One way to approach your search for the ideal overseas retirement haven is to focus on choices where housing is cheap. Below I present five such places for your consideration.
7. Is One Of These States Or Countries the Ultimate Retirement Spot For You?
Retiring does not mean retiring from life. No, for many people, it's the beginning of a new life but how do you decide where to retire? It's a big question that requires research and we've done the hard lifting for you. This article puts together a comprehensive list of the best places to retire depending on your financial status, which usually the biggest factor for most people.
8. 6 Guilty Pleasures That Will Destroy Your Budget
When it comes to guilty pleasures, we all have a few. Some vices are fine to indulge in every once in a while ? like that weekly caramel latte. However, splurging too much on these vices can rob our budget, and in some cases, our health. Here are six guilty pleasures that are destroying your budget.
9. Certain Credit Cards Can Save You Tens of Thousands of Dollars Over Time vs. Paying With Cash
If you choose cash over credit, it will cost you tens of thousands of dollars over the long term. Here's why.
10. 5 Critical Personal Finance Tips To Profit From
By following the 5 most critical personal finance tips outlined below, you are going to see a major improvement in your finances and achieve wealth that you didn't think was possible. Let's get started!
11. Stop The Rising Cost Of Living! Here's How
Many times we think that the rising cost of living is a part of life but the truth is there are most likely things you are doing to artificially increase your cost of living. With a few small changes, you can lower your cost of living and start saving more money. Below are "tricks" on how to stop the rising cost of living:
12. How To Avoid Lifestyle Creep & Create A System For Financial Success
Most people get some kind of raise each year. They earn a little more than they did in the year before. Without a plan to save that raise, it's very easy to use it up by adding a few luxuries or consumption to your regular spending.
13. 401k Vesting: 4 Critical Things You Need To Know
Contributing to your 401k plan is critical for affording your retirement. In many cases you also get an employer match. Unfortunately, that money is not always yours right away but 401k vesting schedules allow this become a possibility. So what are 401k vesting schedules? How do they work? This article walks you through the ins and outs of 401k vesting schedules so you won't be surprised when you encounter them.
14. 7 Things You Should Know About Your 401(k) Match
When a company matches the money you contribute to your 401(k) plan, up to a certain amount, these matching funds can be a very powerful way to save money over time for retirement and, as such, it's important to take advantage of a company's full 401(k) match if you can. Every company has different policies regarding these matching funds, and things can often be confusing for new investors. Here are some key things to know.
15. Your 401(k) Plan Is Your Most Powerful Investment Account ? Here's Why
What makes your 401(k) plan the best place to invest your money for the long term? In this post I will show you all of the reasons why this type of investment account has the greatest impact on the growth of your money.
16. 6 Arguments For Maxing Out Your 401(k) Contribution
Maxing out your 401(k) is often the best way to accumulate a healthy sum for retirement, and there are great tax benefits as well…Consider these 6 argument.
17. 7 Things Financial Advisers Wish You Knew About Retirement
We asked financial advisers for some of the most important ideas they wish their clients understood when it comes to money, retirement, and the future [and here are 7 of the most important].
18. 5 Mistakes Investors Make By Going Solo On Their Retirement
Many Americans have taken it upon themselves to do the vast majority of retirement planning without the help of a financial advisor. While that is perfectly fine and legal, it is not entirely wise considering the long-term margin for error. Plenty of things can go wrong, and they do, often leaving investors lost and confused about what they can do to better their circumstances. There are 5 major errors committed by solo investors that can greatly impact their ability to maintain wealth throughout their retirement. Here they are!
19. Need Some Extra Money? Here Are Some ?Side Gigs? To Consider
Side gigs are not exactly second jobs, because they come with a lot more flexibility and leave you in control of your hours and commitment but they can still be invaluable sources of income when you're really in a pinch. If you're ready to start bringing in some extra money, quickly, here are some great places to start.
20. Roth IRA: 4 Benefits In Addition To Just Saving For Retirement
You hear a lot about how great a Roth IRA is for saving for your retirement - after all, who wouldn't want their money to grow tax-free and be able to withdraw it tax-free too - but there are some additional benefits to investing in a Roth IRA that exceeds just saving for retirement…[and this article] highlights 4…
21. Which Gold/Silver Bullion Assets are Permitted in Your IRA & Roth 401(k)?
Some physical gold, silver, platinum and palladium bullion assets, in addition to traditional paper assets, can be part of your Individual Retirement Account (IRA) or Roth account and they can be bought and sold with no tax consequence until you move money out of the account. [This short article reveals just which bullion assets can, and cannot, be included.] Words: 573
22. Don't Obsess About ?Keeping Up With the Joneses? ? Outsmart Them Instead! Here's How!
If you are hoping to live a happier, fulfilled life without money stress, you may not want to obsess with the Joneses. You can outsmart them by making better choices. HERE are several ways you can likely beat the Joneses and improve your financial health.