personal finance
The ABCs of personal finance and investing; how to invest wisely and grow your wealth.
What Is the Best Retirement Saving Tool?
There is an inconvenient truth about retirement savings. Unless people are forced to save, they won’t save. At least not enough to make a meaningful dent in what they need for retirement. That is why Defined Benefit pensions are the perfect retirement savings tool. I say this even though I would personally like to trade in my Defined Benefit pension for a Defined Contribution plan.
By Ben Le Fort4 years ago in Trader
How to Grow Your Retirement Savings
Experts recommend investing 10% to 20% of your income each year in your retirement plan. That’s because money in a retirement account is tied up in stocks and bonds, which are more likely to gain value than cash that’s sitting in the bank or in a savings account.
By FlexInvest4 years ago in Trader
Different types of life insurance: What’s the best fit for you?
If you were to survey millennials about their financial goals, finding the right type of life insurance probably wouldn’t rank high up on their list. Most folks who haven’t purchased life insurance cite the cost of policies, their age, and their current health as reasons for not buying.
By FlexInvest4 years ago in Trader
4 Simple Ways to Reduce Financial Anxiety
Our finances are a mess The current state of most people’s finances is scary. Americans owe $1 Trillion in Total Credit Card Debt. Last year they paid more than $104 billion in interest payments on that credit card debt. The Average American Owes $6,375 in Credit Card Debt. It’s estimated that 20 million Americans have a shopping addiction. Nearly twice as many people have a credit card compared to the number of people who have a retirement account. 44% of People couldn’t handle a $400 emergency without borrowing money. 37% of Americans have admitted they have gone to sleep hungry because they didn’t have money. 5% have admitted to having taken half-eaten food out of a garbage can.
By Ben Le Fort4 years ago in Trader
Turning Your Biggest Expenses Into Cash Flow
If you earn a six-figure salary, pat yourself on the back because you are killing it on the income front. Earning $100,000 per year means you earn more than twice what the average American worker earns each year. Earning six-figures would also put you in the top 10% of income earners.
By Ben Le Fort4 years ago in Trader
How to avoid Credit Card Frauds in India
Credit card frauds may be extremely harmful, especially as people's dependence on plastic money increases. Credit card fraud occurs when a scammer uses your credit card number and PIN, or a stolen credit card, to process payments from your account without your consent. As technology advanced to make life easier, so did fraudulent methods to cheat credit card customers.
By Garima Mehra4 years ago in Trader
