Some people pick up frugal habits early, learning from their parents or grandparents. Others may develop the habit of frugality after going through financial troubles. Frugal people’s view of money is different for many reasons, the topmost of them being that managing money effectively is the key to financial freedom. Whatever the reasons, the point […]
A Roth individual retirement account (IRA) is a powerful financial tool that offers unique advantages for retirement savings. Unlike traditional IRAs, contributions to a Roth IRA are made with after-tax dollars, meaning withdrawals in retirement are tax-free. In this blog post, we will explore how to effectively utilize the money in your Roth IRA during […]
Diamonds are inherently worthless, believe it or not. Before the late 1800s they were extremely rare, which made them valuable. Cecil Rhodes found plentiful diamond mines in South Africa and flooded the market in the early 1900s. Later, he created a diamond cartel to control supply and maintain high prices. Diamond supplies thus are strategically […]
Tourists behaving badly is not a new phenomenon. What is new is that the digital age means such antics are instantaneously viewable for the world to see. One French couple was arrested recently in Italy for trying to take 90 pounds of white sand from a Sardinia beach. The beach is protected for a reason. […]
Many freelancers would benefit from saving into a new kind of 401(k) just for them. Unlike corporate plans, these are easy and cheap to administer. Contribution limits are much higher than other small business plans of the past. Many Americans rely on their employer-sponsored 401(k) plans to save for retirement. But what about all those […]
Are you carrying a painfully large balance on your credit card? Are you finding it difficult to make payments every month? If so, you are certainly not alone. Data from the Federal Reserve shows that more than 40% of the households in the country have credit card debt. The amount of debt carried by the […]
As of July 2019, the average price of a hotel room in the United States was $135 a night. Renting a hotel room in a large metropolitan city costs $236 a night on the average. An elite, upscale hotel room in New York City costs about $327 a night. Even the more affordable budget hotel chains, […]
Life insurance is an essential financial tool that provides protection and peace of mind for individuals and their loved ones. When it comes to life insurance, two popular options are term life insurance and whole life insurance. While both types offer valuable benefits, they differ significantly in terms of structure, cost, coverage, and investment potential. […]
Retirees who are in reasonably good health could have different motivations to work, apart from economic necessity. Some may choose to work out of their need for intellectual stimulation, while others may find that working is good for their physical and emotional well-being. Some may simply want to keep themselves busy by working part-time after […]
Real estate can be an excellent investment. Not only generate a consistent monthly income for you, but it also appreciates over time and enables you to build long-term wealth. In this post, we will take a look at five tried and tested ways to make money from real estate. Long-term renting If you are looking […]
