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Showing posts with the label financetips

NerdWallet: Exploring Global Budget Travel and Letting Go of Financial Advisors

Sean Pyles and Liz Weston are joined by Travel Nerd Meghan Coyle to learn how to travel abroad on a budget - from budget airlines when traveling internationally to watching for hidden fees. They then discuss how to part ways with a financial advisor whose services are unsatisfactory. Suggested Articles: Should You Fly on International Budget Airlines?: How to Find a Financial Advisor Near You: FIRE Movement: Financial Independence, Retire Early: #NerdWallet #SmartMoneyPodcast #FinancePodcast Subscribe to NerdWallet - About NerdWallet: We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest d

Why Inflation can be Advantageous for Investors

📞 For Your FREE Consultation with Rob, simply fill out the form and directly book your strategy session in his calendar here: 👉 Register to our FREE retirement planning Masterclass - ⭐⭐ The Benefits of Inflation for Investors Inflation can be a difficult concept to understand, but it can also be a powerful tool for investors. In this video, we'll discuss the benefits of investing in an inflationary environment and provide tips for taking advantage of the opportunities it presents. We'll explore strategies for finding investments that can grow with inflation. Get ready to harness the power of inflation and make the most of your investments! #inflation #benefitsinflation 📣 Please tell us, what do you think of this video? =================================================== 👉 Subscribe to our channel and press the bell 🔔 icon. Turn on notifications to never miss an upload! 🔔 =================================================== ⌚ SCHEDULE: ⌚ New Videos Every

Fired Up: My Journey to Retiring Early with $380K Saved by Age 29

Super-saver Tanner Firl, 29, has saved close to $380,000 for retirement. He is part of the FIRE — financial independence, retire early — movement and has achieved his savings almost entirely through frugality. He estimates he is in the top 0.1% of most frugal people. Subscribe to CNBC Make It.:  About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money. Connect with CNBC Make It. Online Get the latest updates:  Find CNBC Make It. on Facebook:  Find CNBC Make It. on Twitter:  Find CNBC Make It. on Instagram:  #CNBC #CNBCMakeIt How I Saved $380K By Age 29 To Retire Early | Fired Up... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA How I Saved $380K By Age 29 To Retire Early Retirement is a dream that many people aspire to achieve, but only a few m

How Much Money Should I Save? Tips from a Financial Expert

When it comes to saving for the future, the more you can set aside, the better off you'll be. But just how much should you aim to have in order to set yourself up for a comfortable retirement? » Subscribe to CNBC Make It.: According to David Bach, bestselling author of "The Automatic Millionaire" and "Smart Women Finish Rich," a simple formula can help you determine how much you should have in retirement savings at every age. The formula comes from retirement-plan provider Fidelity, Bach tells CNBC Make It, and is as simple as multiplying your starting salary by a factor of "X," depending on how old you are. Here's the breakdown of Fidelity's formula: Age 30: Have the equivalent of your starting salary saved Age 35: Have two times your salary saved Age 40: Have three times your salary saved Age 45: Have four times your salary saved Age 50: Have six times your salary saved Age 55: Have seven times your salary saved Age 60: Have

Warren Buffett, Billionaire Investor: Expert Advice on Stock Market Investing

Warren Buffett is one of the most powerful investors in the world. » Subscribe to CNBC Make It.: Today Buffett is CEO of Berkshire Hathaway, but he bought his first stock when he was just 11. And he’s been very, very good at it. Buffett is worth $82.5 billion, according to Forbes, making him the third richest person alive (behind Amazon founder Jeff Bezos and his friend and Microsoft co-founder, Bill Gates). So how does he do it? Here are five of his best bits of investing wisdom. 1. Investing is a long game “Now if they think they can dance in and out [of the market] and buy and sell stocks, they ought to head for Las Vegas. I mean, they can’t do that,” Buffett told “Squawk Box” October 2014. “But what they can do is determinate that there’s a number of solid American businesses, a great number of them, and if you own a cross section of them and particularly if you buy them over time, you basically can’t lose.” “I know what markets are going to do over a long period

Reduce Your Taxes Permanently: Harness the Potential of Proactive Planning! #shorts #taxes #finances

V I D E O S T O W A T C H N E X T: 👉 How To Properly Select Your Business Entity 👉 Why Us? Any Questions? Contact us at: joe@shorefp.com ___________________________________________ Subscribe for Financial Advice and Tax Planning Strategy! ___________________________________________ #money #shorts #short #youtubeshorts #youtube #investing #investment #invest #finance #moneymanagement #smallbusinessowner #investing101 #financialfreedom #finance #viral #video #trending #trendingshorts #rothira #401k #403b #moneytips #moneymindset #financialliteracy #financialeducation #moneymaking #retirementplanning #retirement #stockmarket #stocks #wallstreet #wallstreetbets #bitcoin #finance101 #investor #moneytips #moneymindset #viralvideos #youtubevideo #youtuber... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Slash Your Taxe

Analyzing Roth Conversions: Evaluating the Worthiness for Retirement Planning (Roth Conversions Part II)

This week's live will pick up from last week's topic: Roth Conversions. Last week I explained what a Roth conversion is and why they are the ultimate in delayed gratification! Why is this the case? Because whatever you convert will cost you in taxes NOW. You do a conversion because you know the prepayment of retirement taxes will be worth it in the future. This week with when you should think about utilizing this strategy. Because Roth conversions can cost you money in taxes today, you want to be strategic about when you implement this financial tactic. Remember, Financial Freedom is found through Discipline 👏 01:42 – Stream starts 💸 Access Financial Freedom Resources: 🚀 Join My FREE retirement planning Basics Course: 🗓️ Schedule a FREE Initial Consultation! : ✅ Subscribe! : ✅ My Instagram : ✅ My Twitter : ✅ My Substack : Timestamps: 01:42 – Stream starts 04:02 – What is a Roth IRA (quick summary) 06:42 – What is a Roth conversion 07:39 – Roth co

The Simplest Method to Start Saving for Retirement, as Suggested by Ramit Sethi

Growing your retirement fund doesn't have to be a scary proposition. » Subscribe to CNBC Make It.: How many of us have heard the advice that we need to invest in the stock market?" self-made millionaire and personal finance guru Ramit Sethi tells CNBC Make It. "The common way we think about investing is sitting in front of four [computer] monitors, watching all these words fly by — 'P/E ratios, asset allocation' — and, then we make some investment. "That's not how you invest." Instead, Sethi, who wrote the book "I Will Teach You to be Rich" and founded GrowthLab.com, a website with advice for entrepreneurs, advises looking into something called a target-date fund for retirement investing. "What you need to do is start off in a really simple way, and all you need to know is the date that you are going to retire," he says. This is how Sethi describes the process of starting a target-date fund: "The computer kno

NerdWallet's Guide: Clever Strategies for Saving on Disney Trips and Building Retirement Funds as a Self-Employed Individidual

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode: Learn Nerdy tips to plan a Disney vacation without going broke, and how to choose a retirement plan when self-employed. Suggested Articles: 9 Free or Cheap Things to Do at Disney World Outside the Theme Parks: What Is a SIMPLE IRA Plan? How It Works, Rules & FAQs: Mega Backdoor Roths: How They Work: Chapters: 01:08 - This Week in Your Money 13:00 - Today’s Money Question 29:04 - Takeaway Tips #NerdWallet #SmartMoneyPodcast #DisneyTravelDay Subscribe to NerdWallet - About Smart Money Podcast: Get smart about your personal finances—with help from the Nerds. From answering your real-world money questions to breaking down the latest personal finance news, NerdWallet’s in-house Nerds will give you the clarity you need to make smart decisions with confidence, avoid throwing money away on common pitfalls and penalties, and ensure your money is always working a

Employer-Backed Retirement Plans: Unveiling the 401k and 403b

#403b #retirement #retirementplanning What are an employee sponsored plans? Don't sleep on the power of your 401k or 403b! Employee retirements plans will help you maximize your retirement savings with automatic payroll deductions. Later on down the line, you might be able to roll these monies into a Roth IRA to maximize your retirement saving benefits. Learn more about roth conversions here: Financial freedom is found through discipline. 💸 Access Financial Freedom Resources: 🚀 Join My FREE Retirement Planning Basics Course: 🗓️ Schedule a FREE Initial Consultation! : ✅ Subscribe! : ✅ My Instagram : ✅ My Twitter : ✅ My Substack : ... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Employer-Sponsored Retirement Plans (401k & 403b): A Beacon of Financial Security As individuals approach their golden years,

Is a Backdoor Roth IRA the Right Retirement Strategy for You? (Exploring the Roth Conversion Approach)

This live we discuss the Backdoor Roth IRA concept. We outline: 1. What is a "Backdoor Roth Conversion." 2. Who should be using this strategy. 3. How to fund a Backdoor Roth IRA & the long-term benefits of having Roth money in retirement. Remember, Financial freedom is a process, not a destination! Stream starts: 2:02 📚 Online Courses Now Available! : 🚀 Join My FREE retirement planning Basics Course: 🗓️ Schedule a FREE Initial Consultation! : ✅ Subscribe! : ✅ My Instagram : ✅ My Twitter : ✅ My Substack : Timestamps: 02:02 – Stream starts 03:02 – What is a Roth IRA? 03:55 – Roth IRA vs Traditional IRA 06:54 – The argument for a Roth IRA 08:45 – Different methods for Roth savings 10:54 – The backdoor Roth conversion strategy 13:36 – How often should I be contributing to a Roth? 14:25 – Closing tips for the backdoor Roth IRA #rothira #rothconversion #retirement... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA:

Why Fixed Deposits May Not Be the Best Financial Option: Expert Advice

1️⃣ Fixed Deposits (FD) today earn roughly 6% depending on the bank and tenure. With inflation rate in India averaging 8%, placing money in a Fixed Deposit leads to a serious loss of purchasing power. FD is similar to Certificate of Deposit (CD) in the US so the analysis is applicable to the US as well, especially during the current period of high inflation in the US. 2️⃣ For example, ₹100 in an FD will grow to ₹106 in one year but things you want to purchase may cost ₹108. Over 20 years, while an FD will grow to ₹321, cost of items would have grown to ₹466. This results in a 31% loss in your purchasing power. 3️⃣ It's a big trap. In my opinion, FDs provide downside protection and peace of mind for a short term (1-5 years depending on the circumstances), I would not suggest using them to park money in the long run. There's no one size, fits all approach. I would love to discuss your goals during a *complimentary* 1:1 session for first 5 people. ▶️ Message me on I

A Guide on Converting Your 401k into a Gold IRA

Here's a step-by-step guide on how to rollover your 401k into a Gold IRA.... ( read more ) LEARN MORE ABOUT: Precious Metals IRAs HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing REVEALED: Best Investment During Inflation How to Convert Your 401k to a Gold IRA When it comes to retirement savings, many people rely on their employer-sponsored 401k plan . While this is a popular and convenient option, some individuals may prefer to diversify their retirement portfolio and invest in assets like gold. If you're looking to convert your 401k to a Gold IRA, there are a few steps to follow to ensure a smooth transition. 1. Understand the Benefits: Before making any decisions, it's essential to understand the benefits of converting your 401k to a Gold IRA. Gold has historically been considered a safe haven during times of economic uncertainty, protecting investors from market volatility. It provides a hedge aga

Quick Tips: Comparing Roth IRA and Traditional IRA Contributions

In today's quick tips, we talk all things Roth IRA vs Traditional IRA. There's only one real difference between the two, and it's much more simple than you think! Get more of Beck Bode here Visit our website 👉 Get a FREE physical copy of Dancing with the Analysts 👉 Socials Facebook 👉 LinkedIn 👉 #finance #financialfreedom #financialliteracy #financialeducation #financetips... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA Roth IRA vs Traditional IRA: Understanding the Difference When it comes to retirement savings, individual retirement accounts (IRAs) are an excellent way to secure your financial future. However, choosing between a Roth IRA and a Traditional IRA can be a significant decision that could impact your retirement savings strategies. In this article, we will break down the differences between the two, s