If you’re looking for an alternative investment option to add diversification to your portfolio, these real estate crowdfunding platforms for non-accredited investors are excellent options. Real estate is one of the most popular investments to build long-term wealth, but not everyone wants the responsibilities of being a landlord. The Jumpstart Our Business Startups (JOBS) Act,…
Most people have heard of the term net worth, and many also have a good understanding of what it means. Net worth is quite simple; the total amount of an individual’s assets, including any cash, minus the total amount of their liabilities or what they owe. So, net worth is the value by which a…
Personal finance books are extremely popular and there’s an endless number of excellent options available to us; some focus on saving, others on reducing debts. The books listed here are all focused specifically on the tried-and-tested methods and advice that can allow the reader to achieve full financial independence, meaning earlier retirement, more time spent…
The journey towards financial independence or financial freedom definitely comes with some challenges. When challenges and frustrations stand between you and your goals it can be helpful to find a little extra inspiration and motivation. Fortunately, there are plenty of quotes and short sayings that come from a variety of different wise people that can…
One of the most popular topics in the world of personal finance is passive income. It’s not hard to figure out that most people would love to make money with minimal effort, but finding practical and realistic ways to do it can be more challenging. Starting or buying a low-maintenance business is one option for…
Financial freedom is something that everyone wants. However, very few people are able to reach financial independence and retire early. Most of us are conditioned to believe that we have no choice except to work until we’re 65-70 years old. We have plenty of excuses for why financial independence is not possible or why it…
Do you have enough retirement income to last through your golden years? Understanding how your nest egg compares to the average retirement income can help you plan and save better, to ensure you’re comfortable, secure and happy after retirement. Average Retirement Income: Mean vs. Median, Other Factors Before comparing the average earnings of other retirees…
Being able to live off of our investments is a dream for many of us. No need to rely on working for income, and not even needing to withdraw money from your investments would be the ultimate in terms of financial freedom. Although it is a dream, it’s also a realistic possibility with the right…
Everyone hopes for a comfortable retirement, but most people aren’t doing enough to make it possible. A 2018 study found that 1 in 3 Americans have less than $5,000 in retirement savings and 46% percent have taken no steps to prepare for the likelihood that they could outlive their savings (source). Although most people are…