Five articles jumped out at me this week, and they have a pretty wide assortment of topics. From productivity hacks to the cost of weddings to solid investment advice. These are points that I needed to hear and I think you’ll appreciate them too. Have a look and, as usual, let me know which one was your favorite!
Here’s How Much You Really Need to Save For Retirement
– by Money Boss – Have you ever heard the traditional advice from financial advisors? “You should have between 70%-80% of your working income to live comfortably in retirement.” It sounds like decent enough advice…until you think about the fact that some people live on 110% of their income and others like to live on 50%. So….why is it that they should both have the same target for retirement income? They shouldn’t!!
How to Be More Productive
– by I Will Teach You to Be Rich – A couple months back, I had a bad performance review. I’ve been trying to battle back from this ever since. You know what helps? Improved understanding, better preparation, and increased productivity. This post will play a vital role in my future success – I have no doubt about that.
The Crazy Cost of Weddings
– by Free Money Finance – Weddings are important, but when I heard that the average cost of a wedding was $26,600 I almost choked! Newly weds are typically in their 20s, which means they still have college debt, car loans, and credit card debt. And then they add another $26k into the mix that they can’t afford. No wonder marriages are failing! How much did you pay for your wedding?
How to Earn a Six-Figure Income by 21
– by Financial Samurai – The author of this post became an engineer – that’s how he started earning his six-figure salary. It’s definitely not a prerequisite though. There are many other ways that you can earn a healthy income – entrepreneurship for one. Always good to see these stories of success though.
Why Compound Interest Isn’t As Powerful As You Think
– by Investment Zen – Einstein once proclaimed compound interest as the 8th wonder of the world. It’s pretty powerful. But, it all depends how much money you put in to be compounded. Take a look at this article if you want to learn of something even more powerful than compound interest itself.
My favorite article? The one on productivity. It speaks the most to me at this moment in my life. How about you? What was your favorite?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.