A reverse mortgage is a loan for senior homeowners that allows borrowers to access a portion of the home’s value using the home itself as collateral. The loan generally does not have to be repaid until the last surviving homeowner permanently moves out of the property or passes away. At that time, the estate has […]
Automation is slowly taking over jobs historically occupied by human beings. Meanwhile, more Americans are turning to telecommuter jobs for work opportunities. Telecommuting work has grown by almost 140% since 2005. The telecommuting workforce increased by almost 12% since last year. Although larger companies are more likely to offer telecommuting opportunities to employees, due to […]
In January 2017, Wells Fargo won a foreclosure auction bid on the Galleria, one of the largest malls in Pittsburgh, Pennsylvania. The winning bid? $100. The 1.1 million square foot Galleria mall was once worth almost $2 million. No new large-scale indoor mall has been built since 2006. It is projected that almost half of […]
Retiring early is a dream for many people, but it can seem like an impossible goal. However, with careful planning and discipline, it’s possible to retire 10 years earlier than the traditional retirement age. In this blog post, we’ll explore some strategies for retiring early and achieving financial independence. Define your retirement goals The first […]
The average American consumer wastes about $5,400 on impulse purchases. These purchases could be junk food or appliances or clothes they don’t need or want. But imagine if you could spend millions on weird art, a domain name, or a mountain-sized clock. Would you spend millions on weird items because you could or the bragging […]
Looking for an estimate of when you should begin taking Social Security? Check out the Social Security Administration’s calculator. The amount of your benefits is dependent on your date of birth and your earnings history. Due to security concerns, the SSA Online Benefits Calculator does not access your earnings record; instead, it uses the information provided by you […]
When retirement is inching closer, you might wonder about the kind of lifestyle you can lead and the level of financial security you will have if you just have about $100,000 as your total retirement savings. Well, if you are an adventurer at heart, you could explore a few interesting international destinations where you can […]
The FIRE method for early retirement has taken off in popularity in recent years. But are the risks well understood by its adopters? Retiring as early as possible then living life on one’s own’s terms is a concept that really appeals to people. Nevertheless, the FIRE method for early retirement as a concept speaks mostly […]
Frequent flyer miles hacks can save you from needlessly wasting valuable perks. Think of frequent flyer miles like perishable food. Put it in the back of the cupboard forget them and you lose money! You need to make the most of your air miles or acknowledge that you are wasting them. Often, you might be […]
When you borrow money today, you are robbing your future self of money to pay that debt. This is especially true if you have too much credit card debt. The average American owes over $6,100 in credit card debt. Meanwhile, many feel less confident about their abilities to pay off the increased debt they are […]
