People talk about “net worth” but how do you actually find it? In this post, we’re going to look at net worth and why it’s helpful. We’ll also look at its one major downside of net worth. Let’s start with the definition. Net Worth Definition Net worth is what you own minus what you owe,Continue reading “How to Find Your Net Worth and Why It Matters”
Tag Archives: 401k
What is the BEST Way to Start Investing in 2021?
What’s the best way to start investing in 2021? How should you choose what types of accounts to save your money in first? Retirement will be here before you know it. Let’s begin preparing now! Let’s start with tax advantaged retirement accounts. The most common are the 401k and the IRA. Just recently, we lookedContinue reading “What is the BEST Way to Start Investing in 2021?”
How Much Do You Need to Invest for $1 Million in Retirement?
We’ve talked about investing and retirement, but what’s the magic number you need to have saved by the time you retire? And how much do you need to invest per month to hit that number? Is retirement actually a myth? What you need in retirement is going to depend on a number of variables. HowContinue reading “How Much Do You Need to Invest for $1 Million in Retirement?”
401k vs IRA: What You Need To Know About Each for Retirement Savings
When it comes to retirement, I’m sure you’ve heard all the letters and numbers: 401k, IRA, 403b, TSP, etc. Confusing, right? What’s the best one? That’s why today we’re going to look at two of the most popular — the 401k and the IRA. We’ll look at the pros and cons of each so youContinue reading “401k vs IRA: What You Need To Know About Each for Retirement Savings”
Four Ways a Budget Will Make Your Life More Fulfilling
“Do you have a budget?” I asked. My friend smiled slightly and answered, “Kinda…I mean, I pay my bills every month so I use that as a way for me to see where my money is going at least.” I suspect this is the way many people answer this question. But this isn’t budgeting. BudgetingContinue reading “Four Ways a Budget Will Make Your Life More Fulfilling”
Money Growth: How Much Should I Invest for Retirement?
I had a low-key babysitting job when I was twelve but that income was entirely active income. Not a cent of it grew without me doing anything. I had to actually provide a service to someone in order to add to my piggy bank (ok, it was actually a doggy bank). Retirement, however, is aContinue reading “Money Growth: How Much Should I Invest for Retirement?”
How to Avoid Being Old and Broke (And How a 401k Can Help)
I wasn’t very good at saving as a kid. Money burned a proverbial hole in my pocket. I liked to get gum when we went to the grocery store because it felt good to spend a dollar. To this day, I tend to be a spender. In fact, in our budget, Bailey (my wife) andContinue reading “How to Avoid Being Old and Broke (And How a 401k Can Help)”
Bale Financial Coaching 