Assisted Living in Mexico
1 Assisted Living in Mexico The cost of assisted living in the US is incredibly high and can be out of reach for many people. The cost depends on where you are located and the level of care you need. The median cost (according to Genworth in 2021) is $4,500 per month...
What is cryptocurrency?
What is cryptocurrency, the blockchain, and NFTs First, here’s a breakdown of what cryptocurrency, the blockchain, and NFTs are. Cryptocurrency is an electronic currency whose value is not regulated so it is worth whatever people are willing to pay for it. You can buy...
Retirement Software
We are going to look closer at some of the issues around retirement planning. Retirement planning is really about priorities: • When do you want to retire? • How much would you like to spend in retirement? • How much can you save before retirement? • Will you work...
4% Rule
It’s helpful to know how much money you need to retire or how much income the money you have will provide in income. The 4% rule it’s an approximation to help with both questions. It states that: If you withdraw 4% of your initial retirement savings per year. Your...
Carbon Collective interview
Carbon Collective In this episode, I have an interview with Zach Stein a Cofounder of Carbon Collective. The goal of the Carbon Collective is to help use investments to solve climate change. They divest from fossil fuel companies and reinvest in climate solutions....
Home call center interview
If you’re looking for a career with relatively low barriers to entry, work-life balance, and plenty of opportunity to grow, a customer service role in a call center might be worth an application. We’ve all interacted with a call center at some point, but do we really...
Costs in fees
The impact of fees on your investment returns Fees may only be 1 or 2% but that can make a huge difference over time. If you invest $10,000 at an annual rate of return of 7%, you will have about $150,000 at the end of 40 years. If fees are 1% annually and your...
Emergency Fund
Emergency Fund We recommend that most people have three to six months’ worth of savings available in case of an emergency. This is for necessary expenses. You should use this money if you or your family has a financial need such as: Transportation problems (car)...
Ukraine – Russia Impact on your investments
We have received several calls regarding concerns about international investments because of the Ukraine/Russia war. It’s been a surreal two years; with Russia invading Ukraine just as it looked like we might be putting the COVID-19 virus behind us. The primary...
Cost in hours of purchase
Spend Less Strategy This is a strategy to help with controlling spending. Think of expenses in terms of hours worked not dollars When you’re evaluating a purchase, consider think of the cost in terms of how many hours of work it costs not just the cost in...
Spend less & Invest the rest
To reach financial independence, spend less than you earn and invest the rest. This is our moto. It’s simple advice but it’s so true. It’s also not followed that much. Here are some statistics illustrating the lack of savings in American: 64% don’t think they’re on...
Why Invest?
In this episode, we discuss: the many reasons you should invest Investments can be used for: 1. Retirement or financial independence, when you no longer need to work. This is a primary objective for many people to be able to replace their income (or...