Month: April 2018

5 ways to achieve your financial fitness goals #FinHealthMatters

This is my 3rd article for #FinancialLiteracyMonth (Using cash over credit is costing you tens of thousands of dollars and Tips and tricks to teach your children about money) and today I'm inspired by the financial bloggers writing about why financial health is important, especially for students. Virtually all students understand physical health as they want to look good so they can get a hot date. Unfortunately, financial education is almost entirely ignored in high school or college.

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Visual of the World’s Money and Markets [infographic]

Today, when you hear people talk about money, from politicians to central bankers, there are a lot of zeros involved. Hundreds, Thousands, Millions, Billions, Trillions… do you know what comes next? Quadrillions.

Rather than look at a single overwhelming number, you can get a better feel by starting with a familiar reference point and then doing a relative comparison. For global asset classes, it does not get much clearer than this infographic created by Jeff Desjardins of the Visual Capitalist.

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Will #YOLO Ruin Your Retirement? It Doesn’t Have to.

Many lifestyle gurus have sold the idea of living for the moment and that we should only do that which makes us feel good.  Looking at Instagram and you'll find 27.8 million pictures with the hashtag #YOLO, the acronym for “you only live once.” This phrase indicates a desire to live in the moment, and in extreme circumstances as an excuse for bad or risky behavior.

It sounds alluring until you look at the data about retirement-readiness. According to the Bankrate.com 2018 Retirement Savings survey, 42 percent of Americans have less than $10,000 saved. That means an alarmingly high number of people will go broke and outlive their money. It is evident that a YOLO approach to life gets complicated when it comes to money.

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