The FIRE movement (financial independence, retire early) has sparked a lot of controversy. Many have written that there's no way to early retirement if you aren't making a six figure salary or come into a huge inheritance. Despite the backlash, the math shows that anybody can retire early. You just need to start as soon as possible, and save at least 20% of your income. Top … [Read more...] about How Anybody Can Achieve Early Retirement
Personal Finance
The Top 4 Tools for Cashback Shopping
Coupons used to be the way to go for cashback shopping, but the path to discounts have moved to your smart phone and computer. Retailers are willing to pay to drive new shoppers to their stores, and marketers are capitalizing on this by offering cashback through your mobile device. These four tools are the most convenient ways to get cashback while you're shopping. They're … [Read more...] about The Top 4 Tools for Cashback Shopping
What Are The Average Retirement Savings?
As the economy recovers from the financial crisis, Americans are feeling better about their average retirement savings. How does it compare to each age group? Nest eggs are indeed trending up, but the median American has only $63k in their retirement savings, which is incredibly low if they want to maintain their standard of living. We'll break down the average retirement … [Read more...] about What Are The Average Retirement Savings?
What is FIRE – Financial Independence Retire Early?
Financial Independence Retire Early, known as "FIRE", has grown from a group of bloggers to being featured in the Wall Street Journal and New York Times. More and more people are striving towards financial and personal freedom, and the FIRE movement aligns with this. We'll walk through what FIRE is, how to do it, and what risks you should keep in mind. What Is FIRE? FIRE … [Read more...] about What is FIRE – Financial Independence Retire Early?
Lifestyle Inflation – What it is & How to Avoid It
Lifestyle inflation does not discriminate - it attacks the lower, middle, and upper classes equally. It is easy to fall into. After pitching pennies in college, you finally have a new job, and are excited to live like an "adult". If you don't lay the right savings plan then, you'll find each of your raises and bonuses going towards upgrading your life, while your savings … [Read more...] about Lifestyle Inflation – What it is & How to Avoid It