Month: September 2016 (Page 1 of 2)

Roth Ira Challenge: On Getting Started

Roth IRA Challenge: On Getting Started

Today on the blog we have Andrew from Quest for Billions. Andrew is a young Canadian trying to optimize his life and finances.  Today, he’s here to talk about how he got where he is today. His progression is so similar to my own and maybe you can relate as well. If you’re earlier on in the progression, it will give you an idea of where to go next! And now, here’s Andrew…

I didn’t even know what a Roth IRA was three years ago. I was in my junior year of my undergraduate degree and up until this point in my life, I had always been good at saving, but I knew very little about investing. I by no means have everything figured out today, but I am miles ahead of where I was three years ago. Here’s what I did…

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Many Roads, One View

Many Paths, One View

There are many paths to the top of the mountain, but only one view.

This was my fortune cookie from a catered work lunch a couple weeks ago. This one simple idea has so many facets. Here are a few things I’ve realized:

Everyone’s Path is Different

We continue to harp on how personal finance is personal, but it’s true. There is relativity in finances as well. You and I may have the same numbers, but that does not mean we are the same. You will go your path and I will go mine. Some of us are starting on opposite sides of the mountain. Are some paths easier? Yes. Are any of the paths wrong? No! If your path is going up, you’re heading in the right direction!

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fincon-16 conference recap

#FinCon16: What Really Happened!

In case you missed my first coverage of #FinCon16, I’m not actually in San Diego. Like any good reporter, I stayed in my bathrobe in Anchorage and devoured all Twitter coverage. So I can confidently say my coverage is very thorough.

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fincon-16 the real story

#FinCon16: The Real Story

FinCon is happening right now in San Diego. I’m not there, but don’t you worry. I have access to Twitter and I can tell you what’s REALLY happening!

When people arrived, they were in for a few surprises. Rain? And very strange beaches….

fincon16

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Week Without A Phone

A week Without a Phone

Last week, I went on a week-long business trip. And I forgot my phone. Packing up 3 kids for a long vacation: no problem, but put me on my own and I’ll forget something obvious! I decided to survive the week without it. Here’s what I learned:

People are Addicted to Phones:

When I told people I had forgotten my phone, most of the responses were:

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retire now

The State of Retirement in the U.S. in 2016

It’s sad.

<End of post.>

Alright, alright. I’ll get into details if I must. First, the good news:

According to the 2016 Retirement Confidence Survey published by the Employee Benefit Research Institute, people are starting to move out of their recession fears. The percentage of workers “very confident” in having enough to retire, went up from 13% in 2013 to 22% in 2015. This year it went down slightly to 21%, but overall, people are feeling a bit more confident in these insane market days.

The question is: Should they feel this confident?

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Shared Inspiration

Shared Inspiration

Last week, I asked readers to share their favorite links. I said I’d share them on the original post, but they were too good not to share on their own. So… Today’s inspiration is from YOU!

  • Harmony from Creating My Kaleidoscope shared a post on 5 Myths About Success from the blog Marc and Angel Hack Life. You guys, I NEEDED this post (thank you, Harmony!). You are trying too hard. Give yourself grace and focus on consistency first. Baby steps. I need to focus on the baby steps.
  • Claudia over at Two Cup House shared The Frugal Vagabond‘s new AWESOME tool called The Earth Awaits. This site is so amazing. You can plug in your priorities in a place to live and your monthly budget and it will pop up the perfect place just for you!
  • Tawcan shared his post on becoming extraordinary and, more specifically, a video of Dr. Wayne Dyer on literally making your dreams reality. This takes the “affirmations” step of the Miracle Morning to the next level.
  • Mustard Seed Money shared an awesome interview they did with former NFL player Gabe Manns. My favorite quote: “The only financial activity going on in the locker room were guys saying bet me $100 if I can make this tape in the waste basket.”

That was fun! Thanks for sharing, friends!

Love, Maggie

People who became millionaires faster

Becoming a Millionaire FAST (and people that have done it!)

On Monday, we went over how easy it is to become a millionaire. Today, we’re going to look at a few people that have done it and have done it quickly!

Saving a Million Dollars FAST

1500 Days:

We’ll start with Mr. 1500 Days (he’s one of my favorites!). Now he started 2013 with over $585,000. He managed to hit $1,000,000 for the first time less than two years later! Note that Mr. 1500 days uses Personal Capital as well!

double comma

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Saving a Million Dollars is Easy!

Saving a Million Dollars is Easy!

How Easy is it to Save a Million Dollars?

Do you know what my favorite posts to read are? The ones about how saving a million dollars is totally easy! And guess what? There are THOUSANDS of articles about how easy it is to become a millionaire! I decided to aggregate a few of my favorites to drive the point home. Saving a million dollars over a long period of time is actually very simple!

How Much to Save Each Day to Become a Millionaire

Interest rates matter quite a bit when it comes to saving money. This Business Insider chart gives you a daily savings need based on 3 different return rates to save $1,000,000 by 65!

Saving $1000000

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Friday Inspiration: Share with Us

Friday Inspiration: Share With Us

Hello Friends. As you know, on Fridays, I usually share an inspirational quote or a Roth IRA Challenge. Today, I’d like to hear from YOU!

If you are on the list for my weekly emails (if not, sign up on the sidebar!), you’ll know that I share interesting links every single week. The problem with being such a big reader is that I want to read ALL THE THINGS. I want you to share interesting or inspirational links (no, they don’t have to be PF related… some of my favorites involve British Museums planting fake art or the implications of talking products.

In the comments, share links to anything that answers this question: What is the most interesting/enlightening article you’ve read lately?

I’ll share all the links here, so you can all come back later and learn like I do! I’m excited!

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