Why This Senior Doesn’t Care If He’s Retirement Poor : The Saturday Weekend Review #222

DON’T LET MONEY KEEP YOU LOCKED BEHIND CLOSED DOORS.   Finance has consumed Joe’s (changed name) entire life and now he says that he doesn’t care if he’s retirement poor. Who is Joe? Joe is a guy we met last week at the gym while babysitting his grandson. The gym has become a hub for parents/grandparents/caregivers who have little to no social life. We joke about this just about ever week. All wired up in the corner of the gym there were 6 of us parents chatting about the cost-of-living and how it’s been getting harder and harder. This is where Joe jumped in to say that he’s tired of worrying about money and he doesn’t care if he’s retirement poor or not. “I’ve lived a good life and seen more than I thought I would ever see”, as he calls over to his grandson to get out-of-the-way. Joe is an athletic almost retired man with white hair and a big smile that most people would gravitate towards. Even though he knows he hasn’t saved near enough he says being retirement poor won’t stop him from doing the things he loves especially when it comes with a free price-tag.   […]

6 Strategic Money Management Motivators To Keep Us Focused : October Net Worth Update (+0.55%)

THREE M’S THAT CAN CHANGE THE WAY YOU LOOK AT YOUR MONEY FOREVER.   Budget your money, Budget your money, Save, Save, Save we are told, but that’s only a portion of the solution to what so many people are feeling when it comes to feeling the financial crunch. Financial affairs should always be part of your daily routine however just because you use a budget doesn’t mean you will become successful at running it. It takes far more work than just budgeting to achieve your financial goals. In fact it takes a hell of a lot of work outside of the spreadsheet and whether your committed or not will show in the numbers. Let’s talk about the numbers for a moment especially since November is Financial Literacy Month across the globe. Numbers aren’t the only way you’re going to become rich. Come on now we all want to have money in the bank and being rich to you might mean you are debt free or have more than $100 in the bank. Whatever the case may be always remember that those numbers didn’t become what they are magically. They had to come from somewhere, somehow and most likely that […]

Investing Returns Pave The Way To Financial Independence

  KNOW WHAT YOU WANT NOW SO YOU CAN PLAN FOR THE FUTURE   Reaching financial independence, the point where your investments cover your lifestyle and then some, is the ultimate goal if you want to retire comfortably. And in a perfect world, you would like that to happen sooner rather than later. I have good news for you today: it is absolutely feasible if you put in the right amount of effort and dedication. Yes, even on a small budget. Take a look at the CBB household for instance. They’re worth over $800,000 and on track to pass the million dollar mark by this time next year. And as a faithful reader, you know Mr.CBB is just your regular guy, who started a bit above minimum wage 8 years ago. He has worked two jobs for years and carefully budgeting every cent to make sure his family is safe financially. Related: 5 Simple Rules We live By To Stay Debt Free There you have two of the three steps to financial independence: earning as much as you can, and spending as little as you can. The third part is where you can actually accelerate the process quite a bit: […]

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