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 5)

Millions of Americans Will Never Retire

Here's a piece that says millions of Americans think they will never retire. The details: A majority of Americans don’t know how much money they need to save for retirement, while 19 million Americans don’t think they will retire at all. Ok, so this is two different issues: One group doesn't know how much they need to save for retirement. That's an easy fix. […]

How Much Does the Average Side Hustler Earn?

Bankrate tells us that the average side hustler earns $8k per year. The details: Side hustlers make $686 per month, on average. Within a year, it’s possible to earn more than $8,200. […]

Should You Downsize in Retirement?

Here's a piece asking if you should downsize in retirement.  It goes through a discussion of the pros and cons of going from a large house to a smaller one in retirement. We are having this discussion in our home. […]

Long Game - Save Money and Win Some While You’re At It

Putting money into a savings account...that’s pretty boring. Going to Vegas and winning at the blackjack table...now that’s a rush! […]

Long Game - Save Money and Win Some While You’re At It

Putting money into a savings account...that’s pretty boring. Going to Vegas and winning at the blackjack table...now that’s a rush! […]

Are You Financially Average?

Budgets are Sexy asks if you are financially average and shares these ten financial averages in the US: #1. The average American gross household income is $71,258#2. The average American household with debt owes $132,529#3. The average American gave $5,491 to charity in 2015#4. The average American has a FICO credit score of 700#5. The average American’s 401(k) balance is $96,288#6. […]

Are You Financially Average?

Budgets are Sexy asks if you are financially average and shares these ten financial averages in the US: #1. The average American gross household income is $71,258#2. The average American household with debt owes $132,529#3. The average American gave $5,491 to charity in 2015#4. The average American has a FICO credit score of 700#5. The average American’s 401(k) balance is $96,288#6. […]

Retirement Surprises

Here's a piece listing what retirees wish they had known before they retired. […]

How Much Does It Take to Be Wealthy?

Here's an interesting post from Bloomberg asking how much do you need to become wealthy? The results: Millennials say you need $1.3 million to be financially comfortable and $2 million to be wealthy Gen X says you need $1.4 million to be financially comfortable and $2.6 million to be wealthy Boomers say you need $1.6 million to be financially comfortable and $2.7 million to be wealthy Int […]

My Major FI Milestones

Gen Y Finance Guy recently listed his five major milestones of financial independence as follows: Ground Zero ($0 Net Worth) Six Figures ($100,000 Net Worth) Double Comma Club ($1,000,000 Net Worth) The Magic Zone for Max Happiness ($1,875,000 Net Worth) Financial Independence ($3,000,000 Net Worth) Here's when I hit each of these and my thoughts on them: 1. […]