The No. 1 key to building wealth is your savings rate. Your savings rate is the percentage of your income that you save, invest, or put toward debts. The higher your savings rate, the faster you build wealth. Sure, it’d be…
The bad news: Most Americans don’t exactly excel at saving for retirement. A 2019 study by Transamerica found Americans have a median retirement savings of only around $50,000. That may not even cover one year’s expenses in retirement, let alone 30…
How well do you know your financial health? If you’ve ever tried to improve your fitness, you know the importance of goals and measurements. It’s hard to lose weight without a diet, a scale, and an exercise plan, or to…
When you no longer need to physically report to work, it detaches where you live from where you work. Suddenly you can live anywhere in the world, rather than being restricted to a single city. It’s an incredibly freeing feeling….
In late December 2019, President Donald Trump signed into law the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). Many of the changes volleyed around Capitol Hill for years, and proponents tout them as the most comprehensive retirement…
Small companies tend not to offer 401(k) plans, given the administrative costs and headaches associated with them. So where does that leave employees and owners of small businesses who want retirement benefits? There’s a type of employer retirement account specifically…
Roughly a quarter of U.S. households are either “unbanked” or “underbanked,” according to the Federal Deposit Insurance Corporation (FDIC). To be unbanked is to be without a checking or savings account at a licensed, FDIC-insured bank. The FDIC defines being underbanked…
With Americans waiting later to get married, many young adults live with roommates to reduce their housing costs. But living with other adults isn’t easy. They can be dirty, loud, or simply abrasive. And, of course, they don’t necessarily have…
The first time you sold a graphic design on Upwork or edited someone’s video ad on Fiverr, you probably didn’t rush out to open a business bank account. But if you’re serious about launching a business, even a solopreneur business…
Having a high credit score makes a greater difference in your life than you might think. It allows you to take out mortgage loans, auto loans, credit cards, small-business loans, and other types of loans with little hassle, opening far…
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