Navigate a compendium of assorted financial topics and inquiries. From general money matters to specific financial queries, find answers to a wide range of questions and enhance your financial literacy and education.
It’s no secret that many Americans struggle to keep up with their bills, even those who earn a substantial income. With the rising cost of living and stagnant wages, there is a growing trend of people living paycheck to paycheck. This is not just an issue for lower-income households; even individuals earning six-figure salaries find …
How Many Americans Can’t Pay Bills: A Financial Shocker Read More »
We understand that navigating traditional financial advice and investing can be daunting, especially for people over 40 considering alternative ways to keep their money safe and accessible. One often-overlooked aspect of personal finance is determining the maximum amount of cash that can be held at home. In this article, we will dive into this subject …
What is the Maximum Amount of Cash You Can Keep at Home: Essential Guidelines 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 …
What is the 24 Hour Rule For Purchases? Unlocking the Secret to Smart Shopping 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 …
What is the 50 30 20 Budget Rule: A Simplified Guide to Smart Money Management Read More »
As we all strive for financial stability and freedom, one question often comes to mind: At what age do most people become financially free? Financial freedom, the state where passive income or savings can support living expenses without relying on active employment, is a goal for many. However, achieving this milestone may depend on various …
When it comes to understanding the growth potential of investments, financial experts rely on several methods to predict future trends. One method is the Rule of 70, a simple “rule of thumb” for estimating how long it will take for any given investments to double. It also has other applications, which we will dive into …
What Is The Rule of 70 – A Rule Of Thumb For Financial Growth Read More »
Net worth is often mentioned when discussing personal finance as measuring one’s financial health. Net worth is calculated by subtracting an individual’s liabilities from their assets. One of the common questions is whether or not to include the value of one’s home in this calculation. According to recent statistics from the Federal Reserve 2019 survey, …
Do You Include House in Net Worth? A Quick Guide for Homeowners Read More »
Are you in financial distress? Do you never seem to have enough money, no matter how hard you work or your budgeting strategies? If so, a simple and effective rule can help keep your finances in check: the 10/20 rule. It’s easy to remember and requires minimal effort but it can make a huge difference …
What Is The 10 20 Rule – A Finance Rule For Budget And Spending Money Read More »
Research conducted by Credit Loan reveals that most (75%) Americans have difficulty maintaining financial control and living off of their salaries. Many people don’t have the financial means to support how they usually live, and there are a few reasons for this. The answer to this issue can be obtained by combining financial knowledge and …
What is The Secret To Wealth Building And How to Get Started Read More »
