This is a guest post from blogger Joel Larsgaard, who is the proprietor of Save Outside the Box.
Who wants to work ’til they’re 75? Not me. That’s why I’m constantly thinking of ways to make a little more or spend a little less in order to save more for the future.
If you have the same priority there is one change that you can make in order to quit your day
Continue reading How to Retire Five Years Earlier Than You May Think You Can
Internationally-known daredevil Karl Wallenda earned his fame by performing acrobatic acts high above the ground — without a safety net.
For years, Wallenda had performed his dangerous stunts countless times without incident, but on March 22, 1978, his luck finally ran out. While walking 121 feet above the pavement on a high-wire stretched between two towers of a Puerto Rico hotel, an unfortunate combination of improper rigging and strong wind gusts
Continue reading 9 Important Tips for Managing Financial Risk
Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well … not so much.
I recently explained why I believe an economic collapse is inevitable and what it would look like.
If history is any guide, the good news is that economic collapse won’t result in
Continue reading Economic Collapse 101: Ten Ways to Prepare for the Unknown
It takes courage to face the bogeyman.
I bet many of the good folks in Great Falls, Montana, were more than a little worried earlier this month after a local television station there sent out an ominous message warning viewers that the dead were “rising from their graves and attacking the living.”
Hold on, hold on. Before you grab your shotgun and hunker down in the basement, consider this: It turns out
Continue reading Economic Collapse 101: What It Will Look Like, and How It May Start
Last week I needed to venture into my attic to check on some rat traps, so I grabbed my flashlight to help me navigate my way through the rafters. As luck would have it, the flashlight wasn’t working; the last person who used it forgot to turn the darn thing off, so the batteries died.
Anyway, with no spare C-cells in the drawer and an unplanned trip to the store in
Continue reading 9 ‘Oops’ Moments That I Ultimately Paid For (One Way or Another)
I’m not a big football fan. Oh sure, I occasionally enjoy watching football on television. But, unlike hockey and baseball, I rarely bother buying tickets to attend football games in person.
That being said, this past weekend my buddy had an extra ticket to a college football game between USC and Arizona State, so I eagerly tagged along.
Anyway, as I was sitting in the Los Angeles Memorial Coliseum blissfully watching the
Continue reading Why Close Is Often Good Enough When Managing Your Money
Financial freedom can be a difficult term to define, but at a very basic level it simply means controlling your own finances entirely.
In order to gain financial freedom, you have to be free of debt, able to provide for yourself, and able to prepare for your future. However, achieving those goals is often easier said than done — particularly in times of economic hardship such as those that much of
Continue reading 6 Basic Steps to Help You Achieve Financial Freedom
Few people enjoy penny-pinching, but it’s easy to cut back on wasteful spending that costs most us hundreds, if not thousands, a year. And it’s unlikely to negatively impact your happiness, or your quality of life. In fact, it’s quite the opposite: with more money stashed away in a retirement account, you’ll get the peace of mind that comes with financial security.
Here are five low-hassle ways to do it:
Continue reading Save More for Retirement: 5 Easy Steps to Greater Financial Security
Roughly 3 in 10 people now borrow money from their 401(k) retirement plans. Generally, you can borrow half your account balance — up to $50,000 — for as long as five years. True, it’s among the cheapest loans available because the interest rate is typically the prime rate plus one percent, and interest is paid to yourself. Even so, the risks are steep; not the least of which is the
Continue reading 100 Words On: Why You Should Resist Borrowing from Your 401(k)
For many of us, retirement can often seem like something too far off in the future. However, as we approach retirement age, and as we are exposed with news of economic instability, we often wonder what is in store for us during retirement. Because of this, a question we often ask ourselves is: Where is the best place to invest to get the most for our retirement?
Although there are
Continue reading Roth IRA and Traditional 401(k) Differences – Which Is Better?