Free Money Finance

Free Money Finance is a personal finance blog designed to help readers grow their net worth. The site is over four years old and contains more than 7,000 posts on saving money, making money, investing, planning for retirement, and all other personal finance related topics.

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Latest Posts from Free Money Finance (page 8)

Help a Reader: Career Move

Here's an enmail I recently received from a reader: I'm 28 making ~$115,000 total compensation ($85k in salary). Working at a tech company and missed the last cycle of promotions (1.5 years into the role) the next role would be to manager. […]

The Most Effective Way to Build Wealth

Money magazine asked its readers over 50 what is the most effective way to build wealth. The results: 74% - Consistent saving 10% - Savvy investing Anyone surprised? Not me.In fact, it's not only the opinion of these readers that saving more is the best way to maximize your wealth, but the numbers prove it out as well. […]

Nine Steps to Manage Your Money in Retirement

The book The Charles Schwab Guide to Finances After Fifty: Answers to Your Most Important Money Questions lists nine steps to manage your money in retirement as follows (along with my comments): 1. Review your situation -- make sure you know your net worth. I listed this as step #1 to having great finances. 2. Maintain at least a year of cash. […]

Personal Finance is Now a Required High School Class

Not that this is new news for everyone as I'm sure many high schools have offered personal finance classes for some time, but here's a story originating from a town near where I used to live. It's about the Rockford, Michigan high school now requiring a personal finance class for all seniors. The details: The Dave Ramsey curriculum is used as the foundation for the course. […]

Investing Advice from Buffett

Fortune recently ran some investing advice from Warren Buffett. The whole article was quite interesting, but I want to highlight and comment on a couple points he made. Here's the first: You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. […]

What's Your Target Retirement Age?

Money magazine recently asked its readers what their retirement ages were. The responses: 35% - Before 60 34% - 60 to 64 23% - 65 to 69 8% - 70 or older My reaction? […]

Reviewing Rules for Real Estate Investing

I recently stumbled onto the BiggerPockets Ultimate Beginner's Guide to Real Estate Investing, a free PDF on how to get started investing in real estate. It was a decent read, even for someone like me who's been in real estate a bit, but it mostly reinforced what I already knew -- I didn't learn a bunch. […]

Thinking About Vacation

For the past two years, we've taken our "big" vacation each January. We're trying to take fun and exciting trips with our kids while they are still home, before college kicks in and they scatter to one place or another. For reference, we took a 10-day Caribbean cruise in 2012 and a 12-day one in 2013 (which was preceded by two days in New York City). […]

Do I Need Life Insurance Once My Kids are Grown?

The book The Charles Schwab Guide to Finances After Fifty: Answers to Your Most Important Money Questions addresses the issue of whether or not a person needs life insurance once their kids are grown. It lists five questions people need to consider when making this decision as follows: Do you have a financial obligation? […]