And just like that, I’m no longer in the 800+ credit score club full of beautiful people. As part of my mortgage application process, the bank had to pull my credit score. The big white envelope in the mail with the results reminded me of my college acceptance letter way back in 1994. When I […]
What’s Hurting My Credit Score And Why Is It Fluctuating So Much? Read More »
From Debtor To Millionaire is a guest post from J.D. Roth, who founded the blog Get Rich Slowly in 2006 and is the author of Your Money: The Missing Manual. I first met JD in 2010 for lunch up in Portland when I was still working. By that time, J.D. was already a mini-celebrity in
From Debtor To Millionaire: How A Windfall Changed My Life Read More »
The average 401(k) account balance is now over $100,000 thanks to a long bull market since 2009. Even during a global pandemic, risk asset investments are doing well. Investment management firm Vanguard reported the average account balances for 401(k) plan participants reached a record high of $120,650 at year-end 2024. Meanwhile, Fidelity reports that the average
The Average 401(k) Account Balance Breaks $100,000: Here’s How Much To Save By Age Read More »
So you listened to the State Of The Union and heard President Obama muff the pronunciation of MyRA. Was that “My IRA?” Or was that “Myra,” like a woman’s name? I’m going with the latter. There’s an excellent 2,100 word piece entitled, “Will MyRA Solve The Retirement Crisis?” on Daily Capital you may want to check
MyRA Won’t Help The Retirement Savings Crisis Read More »
Active income is much more enjoyable than passive income due to the positive feeling of purpose. We want to know our actions make a difference no matter how small the scale. But what is the ideal split between passive income and active income? Finding the right balance leads to a better life. For those of
The Ideal Split Between Passive Income And Active Income For A Better Life Read More »
Given day job income is the number one source of income for the majority of the population, it behooves us all to go where there’s robust employment. Let’s look at the top 5 cities in America to get rich and enjoy life! After reading one too many “best places to live, retire, work” articles that
The Top 5 Cities In America To Get Rich And Enjoy Life! Read More »
The average consumer credit card rate is 17% as of June 1, 2019 according to the latest credit card tracking bureau. With the US Bank Prime Rate at 5%, credit card companies are charging 12% over Prime. In other words, credit card companies are making big bucks off you! The US Bank Prime Rate or
Average Credit Card Interest Rates Are Way Too High Read More »
How many of you achieved last year’s resolutions? How many of you still remember what last years resolutions were? If you don’t write down your goals, you’re more than likely to forget. Here’s a quick recap of my official five financial resolutions. Top Financial Resolutions Each Year 1) Live Free. Although leaving Corporate America in
Top Financial Resolutions For The New Year Read More »
If you have a top 1% net worth, you’re rich. Good for you. The question is: why do the rich hoard so much cash? If you also have a top 1% income, there is no need to have such a big savings balance. The rich are bullish on the economy just like the investing middle
Why Do The Rich Hoard So Much Cash? Read More »
There is a void in early retirement you might experience. This void in early retirement needs to be filled if you want to feel happy and productive. Over the past one and a half years since leaving Corporate America in 2012, I’ve done some deep thinking about early retirement through posts such as: When you’re
Filling The Void In Early Retirement With Part-Time Work Read More »
