MY RETIREMENT PLAN A quote from a retirement money expert: “”We’ve learned that people make many mistakes, and particularly, sadly, less educated and poorer people tend to make worse mistakes.” I was on a site today that allows comments and I was shocked how many commenters got Social Security facts wrong. Its no wonder, Social Security is a …
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Tag:savings
GUEST POST from Don – Old Age Myths
OLD AGE MYTHS Don’t believe the fairy tales. Once you might have trusted the news to tell you honest-to-God truths. Now you should look with “I don’t trust it” eyes. Every other day I read a story about ordinary things which are unbelievable. Fairy Tale #1: People are Living Longer. Headline by CBS NEWS: “Americans …
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GUEST POST from Don – Loans
WHY LOANS? Whose money is it anyway? If it is mine I can use it ONCE any way I want. But if I loan it to someone else I get to use it again and again. That’s the concept of a savings account or an IRA. Or if I use it to start a well-researched business it can give …
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GUEST POST from Don – Sinking Fund
SINKING FUND Businesses and organizations often create “sinking funds.” That’s a fancy way of saying “We’re saving up for a huge expense.” This they do to reduce future financial problems, such as needing so much cash they have to take out a loan. It also saves them on interest (business loans are a higher interest rate than …
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GUEST POST from Don: How To Retire On Less
HOW TO RETIRE ON LESS Someone you know may be wanting to retire, but can’t. As youngsters they were never told that if they invested $10,000 in a fund that matched the S&P 500 when they turned 21, and never put in another dime, they would have a fund with more than $600,000 by the time they …
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GUEST POST from Don: Future You Needs A Friend
You can be your own best friend to your future self. Honestly, there is no better thing you can do than invest in yourself. Your future self NEEDS you. All this means is a small increase in intentional savings. However, HOW you save is incredibly significant. You will need gobs and gobs of cash when you retire, especially if …
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