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Thinking of going off the grid? If you want to reduce your reliance on public utilities, doing in-depth research is a great place to start. Building a self-sufficient way of life requires more than a desire to reduce your carbon footprint or unplug from public utilities. A complete understanding of what it costs to go off the grid is essential to embarking on this unique lifestyle.
For many in their 50s, the concept of retirement feels much more real than it may have before. Sure, you likely still have a decade or so of working to go, but clocking out for the last time and enjoying your new retiree status is quickly approaching. Does that “almost there” feeling make you excited, or does it leave you feeling nervous and unprepared?
When you go to an ATM you probably take out twenties more than any other denomination. Twenty-dollar bills account for 23% of all currency in circulation, second only to the dollar bill (31%). While you do your best to stretch your money as far as it will go, you are fighting an invisible force that guarantees the purchasing power of $20 will decline year after year.
Are you old enough to remember when Twitter was brand new and nobody knew what to do with it? A time, even, before hashtags? Gradually, folk figured out how to use (and misuse) Twitter —exploiting it to build fame, influence, and votes. And wealth. You only need a few thousand followers to start making a buck with promotional tweets. And celebrities with millions of followers and a distinct brand (and a nonchalance about “selling out”) are making millions of dollars…
Unique perks and challenges appear when you reach your 40s. On one hand, many people begin to earn their peak earnings in this decade, which is definitely worth celebrating! On the other hand, 40-somethings are also beginning to close in on retirement, which increases the pressure to make strategic money moves. If you haven’t found your financial footing by the time you’ve entered your 40s, there’s still time. Here are seven things you can do to set your future self…
Economic theories, like the paradox of thrift, help explain common, observable behaviors and outcomes in financial markets. They also are the basis for strategies to deal with economic problems. We are familiar with concepts such as supply and demand, but there are more than fifty economic theories, many of which were interpreted by renowned economist John Maynard Keynes. His ideas profoundly impacted the way the United States government approached monetary policy in the 20th century.
Graduating from college is a momentous occasion. After years of hard work, internships, and part-time jobs, you probably look forward to a salaried position. But sometimes, getting a full-time job in your field can take longer than you thought it would. Follow this financial advice for new grads without full-time jobs to make your post-graduate financial planning less stressful.
Advice from professional advisors, fiduciaries and accountants can help shape your financial success as an adult, but studies show that fundamental beliefs about money are shaped in childhood. Parents, Grandparents, Aunts, Uncles, and other adult role models can significantly impact how we think about and manage our money. In honor of Mother’s Day and Father’s Day, the Beyond Finance team shares the best financial lessons our parents taught us and the positive impact those lessons have had on our lives.
Getting out of debt is hard for everyone, but when you’re broke, it can feel impossible. Living from paycheck to paycheck is stressful. Add high-interest debt to the mix, and you’ll find yourself in a vicious cycle. Trying to pay off debt when you are broke can lead to missed bill payments, overdraft fees, poor credit and limited opportunities.