Small business owners/Independent workers are in a unique financial position! Financial Life is different when you're doing it on your own. I've always taken a "5 step" approach to handling it. Here's a recap of my 5 steps and an article from CNBC.com that can help you keep up with the independents! 1. Think in Percentages: alot a percentage of your monthly income to three … [Read more...] about How to Join the Ranks of Money-Savvy Independent Workers
New parents: This is how much college will cost in 18 years
The projected costs for college in 18 years can be very intimidating...but there are ways to prepare for it. Just knowing the possible sticker price gives you the power to prepare! Without preparation, your retirement plan could be significantly impacted. The table below shows the impact on your retirement of a) financing college costs vs. b) starting your savings plan early. … [Read more...] about New parents: This is how much college will cost in 18 years
How Much Will Retirement Cost?
Check out this short clip on 4 questions you should ask yourself if you're trying to solve the Retirement Costs riddle! What's your plan? Do you know where you want to live? Do you want to have assets for legacy? How much do you need? Click on the video below and think about the following questions... Click for Video! 1. How would you like to spend retirement? … [Read more...] about How Much Will Retirement Cost?
Test Your Financial Literacy!
Happy Financial Literacy Month!!! My mission is to help people improve their financial literacy. April is dedicated to this cause. Yet... Only 46% of Americans have a rainy day fund Nearly a third of Americans pay the minimum balance on their credit cards Our households are $13.15 Trillion in Debt It seems that even with a month dedicated to fiscal … [Read more...] about Test Your Financial Literacy!
Checking your Estimated Benefits on the Social Security Site…
Last week, I received my annual reminder from the Social Security Administration to check my online statement. Took me a few days to get back to that email, and after a few attempts to remember the password, I finally got into the site. I reviewed my potential future social security benefits and it reminded me how important this social program is for one’s retirement. So, … [Read more...] about Checking your Estimated Benefits on the Social Security Site…