Five Financial Mistakes People Make in Their 20s
When it comes to your twenties, many people feel like it's the best time of their lives: there’s new freedom, exciting adventures, shifting priorities, and maybe even some new fears.
You might start to notice all those responsibilities piling up, especially when it comes to managing money.
And it’s funny how such an essential topic is often overlooked in school; it’s something you have to learn on your own.
But here’s the thing, you’re still learning, and that’s okay!
3 Timeless Lessons from The Richest Man in Babylon
You don’t need to be born with a silver spoon to learn how to build a fortune.
All it takes is understanding the key lessons in building wealth.
When archaeologists uncovered ancient clay tablets, they discovered stories that dated thousands of years ago.
One in particular was the tale of Dabasir, a camel trader who spent recklessly, racked up huge debts, and ended up being sold into slavery.
But what he did next to free himself changed everything…
What is Retirement Planning: A Step-By-Step Guide For Beginners
You start your day with the usual routine, savoring a warm cup of coffee while doing a quick stretch.
As you bend down, your knee makes a loud creaking sound, but you shrug it off as usual.
A few moments later, a hasty glimpse of your reflection in the bathroom mirror sends a shocking wave of fear and panic racing through your mind.
“Is that… a gray hair? How come I never noticed?”
Even the smallest changes in your appearance begin to feel like obvious signs of aging.
“Am I aging? Is that why my knee has been creaking a lot lately?”
It's easy to overlook these minor concerns now, but these are just small reminders.
A reminder that retirement isn’t as far as it seems…
3 Key Strategies For Paying Less Taxes In Brooklyn
Meet Bob and Kat Miller, a happy couple in their 50s who believed their retirement plan was well sorted.
For years, they felt safe and set for the future. Until a conversation with their tax advisor left them stunned.
They came to realize the U.S. national debt is at record highs, and the government has made too many promises without setting aside sufficient funds.
As more retirees draw benefits and fewer workers pay into the system, the government will require substantial cash infusions to fulfill its promises (Social Security, Medicare, and Medicaid).
These "unfunded obligations" are projected to cost trillions of dollars in the coming decades.