Do you hope to retire at some point? Is it in the next 5 years? 10 years? 20 years? longer? Now is a good time to assess if you’re going to be ready. Do you know how much money you’ll need to retire? Read on. What retirement do you envision? Read more…
We cut cable nearly 15 years ago and with it, we also cut cable costs, but forced ourselves to live beyond the TV. Yesterday, I made my annual call to the cable company to continue locking in a low $29.99/month rate for high-speed internet service. Like most people, I hate Read more…
Most things have an order to them. Building a house, planting a garden, making a meal. Retirement planning is no different. In order to maximize your savings and earning potential, there are recommendations on the right order of retirement savings, including which “buckets” or accounts to invest in to get Read more…
I have had so many people in my life negatively impacted by debt, some as high as 6-figures worth of consumer debt Inot including mortgage) alone. The average consumer debt in the United States is $93k! Debt causes major issues in physical health, in relationships and in overall mental well-being. Read more…
If you have access to a 401k or 403b account with an employer match, your first step in retirement savings should be to contribute to the point of the employer match in that account. Once you’ve done that, an Individual Retirement Account or IRA is the next place you’d turn Read more…
Do you earn too much to invest in a Roth IRA? Do not fret, a backdoor Roth IRA can help you. The Roth IRA is a significant tool for wealth building. It allows you to contribute money annually (in 2021, $6000) in an after-tax manner. But, the bonus is that Read more…
Our Top 5 Recommendations for Reading on Personal Finance and Financial Independence As a self-described “personal finance junkie,” I have read a lot of books over the years on financial independence. These helped me achieve my own financial independence. Below are the Good for Your Wealth Top 5 recommended books Read more…
Should you pay your mortgage off early? Short answer, it depends. Home ownership is something you love or you hate. It can seem very costly. But, for many of us, owning a piece of property is the American dream. We bought our house in 2012. It was our 4th time Read more…
My beginnings formed my relationship with money. I grew up with a single mom. She consistently worked three minimum-wage jobs at a time to make ends meet. My childhood was the definition of scarcity. We didn’t have a car. We lived in government-subsidized housing. My lunches consisted of grilled ‘government’ Read more…
Health Savings Accounts (HSAs) are a significant tool to increase your retirement savings, especially due to their tax-friendly nature. If you have the option available, you may want to consider it. A Health Savings Account (HSA) can feel very daunting. In order to qualify for one, after all, you have Read more…