As we approach our 50th birthday, the question of how much cash we should have saved becomes increasingly essential. After all, retirement is just around the corner, and we want to ensure that we have enough to live comfortably without worrying about finances. Knowing exactly how much money we should have saved by age 50 can help alleviate some of that anxiety and give us a realistic target to … [Read more...]

Over the years, I've encountered countless pieces of financial advice that don't seem to cut it for me anymore. At 40 plus, with responsibilities and aspirations mounting, I've been searching for an approach that suits my lifestyle and provides a solid foundation for financial security. I stumbled upon a challenge that captured my attention: saving $10,000 in just three months. It sounded … [Read more...]

As someone in my 40s looking for intelligent ways to save money, traditional financial advice can sometimes be pretty frustrating. The most critical pivot for me has been taking control of my financial future, and I want to share a savings goal that's both practical and attainable: saving enough each month to earn $50,000 a year from my investments eventually. I understand the challenges people … [Read more...]

As I've grown older, I've realized that traditional financial advice is only sometimes the most efficient way to manage my money. That's why I've become more interested in learning alternative ways to ensure a secure financial future. One such strategy that has caught my attention is the 24-hour purchase rule. The 24-hour rule is a simple yet effective tool that can provide some much-needed … [Read more...]

As a parent, one of our biggest concerns is ensuring our children have a solid financial foundation. We work hard to save for their future, but knowing just how much the average parent holds for their child can be challenging. In this article, I'll share some insights on the topic, remembering that we all strive to provide the best for our loved ones. With the increasing costs of living and … [Read more...]

As I approach my golden years, it's hard not to think about retirement and the need for financial security. With a growing number of people reaching retirement age without sufficient savings, it's essential to understand the potential consequences of this situation. What would my life be if I were to retire without any savings to fall back on? With a nest egg, maintaining the same lifestyle I … [Read more...]

Lately, I've been contemplating a financial dilemma: how much cash is too much to keep in my savings account? I, like many others over 40, have become increasingly frustrated with traditional financial advice and investing strategies. As I aim to find the right balance between saving for emergencies and making the most of my hard-earned money, it's essential to figure out the ideal amount to set … [Read more...]

As I've navigated the world of personal finance, I've encountered various budgeting techniques, but one that stands out is the 50/30/20 rule. This straightforward method, has proven to be a great starting point, especially for those over 40 who may be frustrated with traditional financial advice. What has caught my attention about the 50/30/20 rule is its simplicity. It allocates our after-tax … [Read more...]

For many of us, retiring with a million dollars in our nest egg has long been the gold standard. However, as times change and the cost of living increases, the question arises: At what age is a million dollars enough for retirement?  As we navigate the twists and turns of our financial journey, it's essential to reevaluate the strength of the mythical million-dollar benchmark and ensure it … [Read more...]

We often hear about various rules that help simplify complex financial concepts in finance. One such law, the Rule of 69, offers an easy way to estimate the time it takes for an investment to double, mainly when dealing with continuous compounding interest. Even though it may not be as widely known as the Rule of 72, known for estimating the time to double an investment with annual compounding, … [Read more...]