The results of a recent retirement survey by the Transamerica Center for Retirement Studies are not a good sign for American workers. Though the majority of people are optimistic that they will have enough money stocked away for retirement, the average worker is far behind their target at this point. Americans are saving more than… Read More
WORKING LONGER HOURS INCREASES STROKE RISK BY UP TO 33% (AS REPORTED BY FINANCE.YAHOO.COM)
Working more hours is seen by many as a way to earn more money, but it may have consequences that will make you think twice about whether or not it’s the right option for you. In a recent study published by The Lancet, both men and women who consistently worked 55 or more hours per… Read More
SHOULD YOU BUY A HOME OR INVEST? (AS REPORTED BY HOLLY JOHNSON ON WWW.GETRICHSLOWLY.ORG)
One common question among those who are just starting their career and thinking about how to build wealth is this: Should I invest in the stock market or put a down payment on a house? Both are valid options for growing your money, as both real estate prices and the stock market consistently grow over… Read More
A PRIMER ON MUTUAL FUNDS (AS REPORTED BY WILLIAM COWIE ON WWW.GETRICHSLOWLY.ORG)
Making the decision to invest is an important step to growing your wealth. But investment options vary, and it’s important to know what investment vehicles are best for your personal situation. One common investment option for people just getting started in the market are mutual funds. Why? Mutual funds are actively managed by professionals, so… Read More
AVOID COMMON 529 SAVINGS MISTAKES (AS REPORTED BY MIRANDA MARQUIT ON WWW.MONEYNING.COM)
A 529 college savings account is a special kind of investment account that allows you to save for your child’s post-secondary education expenses. Because of its tax benefits, it is one of the best ways available for parents to put money away for their kids’ college education. The money can be used for a variety… Read More
MORE AMERICANS STRUGGLING TO PAY THE RENT (AS REPORTED BY BETH BRAVERMAN ON FINANCE.YAHOO.COM)
Fewer people owning homes means more renters in the market. And when there are more renters in the market, the rental prices are driven higher. That’s exactly what’s happening in the marketplace right now. And that is leading to more and more people who are having trouble affording their rent. Rental prices rose an average… Read More
OVERCOMING THE FEAR OF INVESTING (AS REPORTED BY WILLIAM COWIE ON WWW.GETRICHSLOWLY.ORG)
Fear is one of the primary reasons why people wait too long to start investing. They fear what they don’t understand, or think that they don’t have enough money to make it worthwhile. But the sooner you get started, the faster you’ll learn, and the more time you’ll give your money to work and grow… Read More
IS DELAYING LIFE’S MAJOR MILESTONES A GOOD THING (AS REPORTED BY STEFANIE O’CONNELL ON BLOG.PERSONALCAPITAL.COM)
There is a growing trend among today’s adults, especially the younger generation of workers we refer to often as Millennials, to put off life’s major milestones longer than their parents and other previous generations. People are leaving home to live on their own later, buying homes later, getting married and having children later in life… Read More
8 TIPS TO HELP YOU GET A RAISE (AS REPORTED BY REBEKAH CURRY ON BLOG.PERSONALCAPITAL.COM)
Make more and spend less. At the end of the day, that’s what all the personal financial advice anyone can give you boils down to. If you make more money, and spend less money, your wealth will grow. You’ll be able to save and invest for the future. And while most people focus on the… Read More
A NATION OF RENTERS (AS REPORTED BY MECHELE DICKERSON ON WWW.QZ.COM)
Home-ownership is lower than it has been in the last 20 years. That’s a big deal for a country that bases a large part of its economic success on the housing market. It means that more and more Americans must resort to renting instead of owning. And that’s having negative consequences that are finally getting the… Read More