Launching to Financial Independence & Helping Others Along The Way
According to a study done by the Social Security Administrative office, if you take 100 people and follow them through retirement:
[Read more…] about Are You On Track To Be Broke or Financially Free in Retirement?
Early in my career, I had no idea how important investing in retirement accounts were to building real wealth and securing my future. I was only concerned with the money I got in that moment. After all, I was told that the money I contributed to my retirement accounts couldn’t be accessed without penalty until I was 59 years old (which is not entirely true). I thought, who the hell cares about what happens when I’m 60 years old?
The Jamila of the present moment was not at all concerned about the Jamila 40 years from now. The old Jamila will figure it out I thought.
[Read more…] about 5 Retirement Accounts You Should Know About
Learning how to not give up when things get too difficult or overwhelming is key to reaching your ultimate financial goals.
You know that saying, “If it were easy, everyone would do it”. Well, it’s absolutely true.
Most people will stop and give up when things get too uncomfortable, tough or overwhelming.
But you are not like most people because you are reading this and you are here with me on this journey.
[Read more…] about 5 Ways To Avoid Being Overwhelmed With Your Finances
I am a walking contradiction since I promote budgeting and frugality yet seem to live just as fabulous of a life as the next girl. Sure, I live in a fairly nice home and have nice clothes, yet that is all surface level stuff. I have a confession to make – on the inside, I’m a cheap, frugal minimalist who just looks expensive on the outside.
I recently shared, that we saved $85,300 in 2016. It was an amazing goal to hit. This year, we are going to set the bar a slight bit higher and target a goal of $93,100.
Here is the $93,100 goal broken down by pre-tax and post-tax investments:
[Read more…] about How We Plan To Save & Invest $93,100 in 2017
I’ll admit, at one point early on in my career, I had a paycheck to paycheck mentality. Yes, Ms. “I saved $85,000 in 12 months”, didn’t always have the best handle or outlook on finances. While I was always a good saver, I couldn’t for the life of me figure out what happened to all of my money by the end of the month.
I know some of it went to paying my mortgage because I wasn’t in default and still had my apartment. I know I paid for food because I didn’t die of hunger.
It literally felt like someone was sneaking into my bank account and taking my money. I had no idea where the majority of my income was going. [Read more…] about 5 Ways To Stop Living From Paycheck To Paycheck
