Today’s bits: Money lessons learned from somoene who spent $41,000 at Amazon

Money in the bank isn’t safe from inflation
Your money currently is safe from just about everything except inflation. If you want to keep your nest egg away from market swings, you’ll have to accept that its buying power will shrink. There is no investment that can keep your principal safe.  more…


Advice on boomerang kids from money pros who know
As another crop of college graduates heads into the real world, Reuters asked financial advisers with “boomerang kids” — adults who have returned home to their parents — to share advice on launching them to success and independence. more…

 


A woman who spent $41000 on Amazon highlights a critical money lesson
The “true cost,” she says, is “the money tree that I could have grown using a $41,000 acorn,” and “the amount of freedom frittered away. How much earlier could I have gained financial independence? How many extra hours do I have to now stay chained to my desk? more…


Want to be a millionaire? Nowadays $1 million may not be enough to retire on
Health-care needs are often overlooked when it comes to retirement planning. Unfortunately, bridging the gap between early retirement and Medicare at age 65 can be an expensive undertaking. more…


How I Retired at Age 28 With Over $2 Million: A 4-Step Blueprint
The average retirement age in the United States is 63, and the median total net worth accumulated by a retiree after working for over 40 years is $175,000. I think in this age of opportunity, many of us can do better than that, and I’d like to share the framework I personally used to get there. more…


How to Create a Bare Bones Budget
Have you ever been in a financial situation where you had just enough money to squeak by every month? I have! Maybe you’re on maternity leave and dealing with a significant pay cut for a few months. Or maybe you’re dealing with a spouse’s job loss, or have lost some of your own freelance or self-employment income. more…


Housing: 15 zip codes with the most underwater mortgages
Nearly a tenth of homes with a mortgage in the United States were considered “seriously underwater” at the end of the first quarter of 2017. more…


Don’t Make These 7 Social Security Mistakes
56% of women and 59% of men expect to retire after age 65 or not at all. Meanwhile, though, the average retirement age was recently 63 — and the age at which most people start collecting Social Security is 62. To better prepare for that phase of our lives, we need to be flexible when planning for retirement, and to avoid as many costly mistakes as possible. more…


 

image credit: Kohei Uesaka

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