First, it’s necessary to decide how you want to deal with these precious metals. (I’m adding silver into the discussion, though other metals, like platinum and copper, are also significant.) People have been using them for coinage and ornamental purposes for thousands of years; early civilizations like the Sumerians and
Owning a rental property is one of the most popular ways to generate passive income, but it’s not always easy. We purchased a 4-plex through a short sale process in October 2011 and my rental income projection was quite wrong. I finally finished our 2012 tax return and I can
The average credit card debt of a US household is over $15,000. That is a lot of money! Our neighbor to the north is in even worse shape in that an average Canadian household owes nearly $27,000 in credit card debt. Credit card debt can become an overwhelming problem if
Generating enough passive income to cover the cost of living is the holy grail of early retirement. However, it’s quite difficult to amass that big lump sum to generate enough passive income to live on. People spend more money as they get raises so they need more and more income
The November issue of Money magazine contains a bunch of retirement articles. It must be their retirement issue. I am planning to evaluate each article one at a time to see if I agree with their position. The first article is about preparing for retirement with a checklist for you
Just imagine if you could take back all the stupid money mistakes you made during your lifetime. Well for me at least most of these were made during my 20?s. Two of them were referrals by someone I knew and I didn’t want anything to do with them initially, but
Have you thought about how much income you need after retirement? If you have, chances are you tried one of these online retirement calculators such as the AARP’s retirement calculator. I used my old salary and it estimated that I would need at least $6,340,998 to retire at 40. (Mrs.
Excerpt Courtesy of Retire By 40 Last time I wrote about the Retire By 40 Movement and why everyone should at least think about retiring from their career by the time they are 40. Today, we’ll dive into how this could be done in 3 easy steps. Well, these steps