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An Alternative Look at the FIRE (Financial Independence, Retire Early) Movement
The following is a guest post from Kevin at Next Level Finance.
One of the biggest trends in the personal finance world in recent years has been the FIRE (Financial Independence, Retire Early) movement. At its best, it’s a passionate group of individuals seeking independence from traditional employment and a healthy work/life balance. At its worst, it’s a group of bloggers with unrealistic financial projections that are a bit too caught up with finding that perfect Instagram shot while traveling.
Four Enjoyable Activities for 2019 That Help You Saving Money
The following is a guest post by Alexander from Daytradingz.
How much money do you use to spend on all the things that you like to do when you have some time off? On the average, all households in the United States spend about 4% of their income on entertainment.
In the very first moment, this doesn't seem to be much at all. But all the same, if you believe it or not, when you reduce the amount of money that you spend for all kinds of activities in your spare time, the long-term effect of this change can make little miracles happen.
For example, you will see this if you may decide to use this money for your retirement fund. Luckily, there will be no reason to worry if you will make this smart move as you won't have to miss anything and as you can still have a lot of fun when you have some time off.
Go Out to Take Pictures
Three Reasons to Love and Hate a 15-Year Mortgage
The following is a guest post from Stephen from The Fire Lane.
Interest rates are rising.
At the end of 2018, it is still a good time to refinance for many. Nobody can predict the future, however, it's easy to visualize 6%+ mortgage rates in a couple of years.
If you are on the fence about a new home purchase, locking in a low rate now could save you thousands of dollars.
Wherever you are in your home ownership journey, there may be a lesson in our recent home purchase and the decision that we made.
Our Story
In the fall of 2016, we took out a $287,500 loan on our new home. My wife and I weighed our loan options. Choosing between a 15-year mortgage at 2.75% or a 30-year mortgage at 3.4%.
Ultimately, we decided on a 15-year fixed loan.
Protect your Financial Data With These 11 Simple Steps
The following is a guest post from Mike at Miked Up Blog.
I had an email stop me completely in my tracks last week… I probably receive over 100 emails a day and this is the first one I can remember that made me stop what I was doing, re-read the text twice, and then take a deep breath. The emails reason for being? "After a search of the dark web, we found your email address and [other personal information] listed in multiple locations. Your person data are at risk. You should act quickly…” (that’s paraphrased)
Why Real Estate Crowdfunding May Make Sense for Your Portfolio
The following is a sponsored post from EquityMultiple.
Maybe you’ve heard of “real estate crowdfunding” and associate the term with Kickstarter and GoFundMe (and investments that don’t inspire much confidence). Perhaps you’re unclear on how the concept differs from REITs. Or, perhaps, you haven’t heard of real estate crowdfunding at all.
Real estate crowdfunding - an evolving set of online platforms for direct, private real estate investment - has emerged as a new alternative asset class, and viable means for individual investors to access private real estate on a level that was unavailable even 5 years ago.
Let’s take a step back and review why real estate is an appealing asset class, and worth taking a look at for all individual investors already exposed to the stock market and bonds:
Your Car Payment Can Delay Your Retirement By 14 Years
The following is a guest post from The Finance Twins.
A CNBC headline from earlier this year touted that the average car payment in the U.S. is now a staggering $523. It says the average total amount borrowed is a whopping $31,453. Both are record highs.
At the same time, there are also a record high number of people who are unable to make a $400 payment in case of an emergency. If so many people are living paycheck to paycheck, but the average car payment is $523, then clearly there is a huge problem.
America has a new-car addiction, and the problem is only getting worse.
Five Things You Should Know about High Frequency Trading
The following is a guest post from Alexander. He started his career in the financial business back in 1999. For many years, sharing investment ideas with his readers on his website daytradingz.com is an important part of his life.
High-frequency trading describes the practice to submit thousands of orders per second. The aim is to profitably benefit from even the smallest price changes within this short period. With fiber optic cables and increasingly sophisticated programs, the advantage of this practice lies in its incredible speed.
Since the emergence of high-frequency trading, it has kept the stock market afloat, causing millions upon millions of orders - per minute! Most of these orders are ultimately not executed because HFT-Traders are looking for short-term arbitrage only.
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They hand-select top money posts and have gained the reputation as the go-to site for the best personal finance content.
So why read hundreds of articles every day when they send the very best to you?
Just Get a Will!
Here's my annual public service reminder that we all need a will!
If you don't have one and pass away, here's what happens. Summary: it's not good.
For reference, here are some past posts on the subject:
Average Debt by Age
Here's a list of average debt by age in the U.S.:
Under 35: $67,400
35–44: $133,100
45–54: $134,600
55–64: $108,300
65–74: $66,000
75 and up: $34,500
It includes mortgages, student loans, etc.
I'm thinking it's a lot better than I would have guessed. Maybe the average is lowered by a bunch of people on the low-end with zero debt?
What do you think?
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