Timothy Sumer

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...

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 ...

Here are my FAVORITE MONEY BOOKS: How To Get Out Of Debt Fast: For the beginner… The Total Money Makeover: For the experienced… The Millionaire Fastlane: Financial wellness programs are supposed to help people become more financially confident and secure. We want to help people get fully invested in themselves and their future. The Expedition Money financial wellness program is unique. At Expedition Money, I believe that financial wellness is a journey, one that can last a lifetime. That’s why I want to help as many people as possible have access to ideas and tools that will create massive change in their lives. Because financial wellness isn’t about being wealthy with money - it’s about being wealthy with life.... ( read more ) LEARN MORE ABOUT: Retirement Planning REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Write an article about What Is A 403(b)? in Englis...

Here are a couple of my FAVORITE MONEY BOOKS: For the beginner… The Total Money Makeover: For the experienced… The Millionaire Fastlane: Financial wellness programs are supposed to help people become more financially confident and secure. We want to help people get fully invested in themselves and their future. The Expedition Money financial wellness program is unique. First, I have designed it based on my personal journey from financial stability to failures to success. I have built the programs and content to share step-by-step processes to solve the most common financial challenges and delve into subjects that most programs don’t want to tackle. Second, I have designed this program to help people take massive action. Instead of simply trying to slowly and slightly improve on some metrics, Expedition Money aims to move people out of financial struggles into financial stability. And for those that achieve stability, this program will help propel them to financial succ...

Here are a couple of my FAVORITE MONEY BOOKS: For the beginner… The Total Money Makeover: For the experienced… The Millionaire Fastlane: Financial wellness programs are supposed to help people become more financially confident and secure. We want to help people get fully invested in themselves and their future. The Expedition Money financial wellness program is unique. First, I have designed it based on my personal journey from financial stability to failures to success. I have built the programs and content to share step-by-step processes to solve the most common financial challenges and delve into subjects that most programs don’t want to tackle. Second, I have designed this program to help people take massive action. Instead of simply trying to slowly and slightly improve on some metrics, Expedition Money aims to move people out of financial struggles into financial stability. And for those that achieve stability, this program will help propel them to financial succ...