Timothy Sumer

If you are saving money or thinking of starting to do so, you should watch this video before you continue. I share some financial insight that I do!!! Don't Click: #savings #savingmoneytips #personalfinance #finance A Roth IRA (Individual retirement account ) is a type of investment account designed for retirement savings. It differs from a regular savings account at a bank in several significant ways, making it a more beneficial option for many investors. Here are some reasons why investing in a Roth IRA is often considered better than saving money at a regular bank: Tax advantages: Roth IRAs offer significant tax advantages that are not available with a regular bank account. With a Roth IRA, you contribute after-tax dollars, meaning you pay taxes on the money you contribute upfront. However, when you withdraw money from your Roth IRA after age 59.5, you won't owe any taxes on the withdrawals, including any investment gains. In contrast, when you save money in

If you plan on keeping your money in the bank or saving it, you should be aware of how inflation affects savings. Here are 15 tips to protect your money from inflation. What is inflation? The term “inflation” refers to a rise in prices, which over time results in a loss of purchasing power. The average price increase of a basket of chosen goods and services over time can be used to determine the rate at which buying power is decreasing. A unit of money now effectively has less purchasing power than it had in earlier periods due to the increase in prices, which is frequently stated as a percentage. Deflation, on the other hand, is characterised by a drop in prices and a rise in purchasing power. 15 Tips To Protect Your Money From Inflation Read The Complete Blog: Please Support🙏My Channel By Helping Me Reach 1,000 Subscribers So I Can Monetize My Content. Thank You❤️... ( read more ) HOW TO: Hedge Against Inflation REVEALED: Best Investment During Inflat

Fall in love with Temu's Valentine's Day deals! Up to 90% off! Click here to shop my picks! Use my code "ever235" to get 30% off your Temu order (For new users) FREE shipping +FREE returns for up to 90 days (Valid in the US) #temu #temuhaul #temureview I started on the journey of a Low Buy year on January 1st along with creating my sinking funds for 2023. I teamed up with TEMU to try out some of their products to help me organize my receipts, cash, and paperwork for my reselling business along with helping me keep track of my sinking funds. I also want to help 2 lucky viewers get their budgeting under control by giving away 2 budget binders. We're going to do my low-buy check-in for January along with cash stuffing some of my sinking funds and see how far along we are on our 52-week money challenge. TEMU sent me all of the items mentioned in this video, but my opinions of the items and my experience of using their website are all my own. 00:00 L

Are you looking for ways to save money in 2023? Look no further than Dave Ramsey's advice! In this video, we delve into the expert tips and strategies he recommends for ensuring your finances are secure for the future. Tune in to gain a deeper understanding of Dave Ramsey's money-saving techniques for the upcoming year. And don't forget to leave a comment on which tip you're most excited to implement, and hit that like and subscribe button if you found the video informative. In this video, we explore the concept of living below your means and how it can lead to financial success. We provide tips on creating a budget, cutting unnecessary expenses, and finding ways to save on everyday expenses. We also discuss the importance of appreciating the simple things in life and avoiding the trap of lifestyle inflation. Additionally, we also discuss about Investing for the future, how to start small, diversify your portfolio, do your research, work with a financial ad