This year, CNN Money reported that 43 percent of Americans have less than $10,000 saved for retirement. If Americans want to someday live off of their savings, then something must change (and fast). What accounts for such low savings rates? While there are many circumstances that could bring out such low savings rates (loss of [...]
Entries Tagged as 'savings'
Saving Gold
August 28th, 2012 · No Comments
Let’s put things in perspective, shall we? Many people are now realizing the power of precious metals-specifically gold. But, while I encourage you to learn more about it, I also urge you to keep things in perspective. Gold is not an investment, at least, not a serious one. It is a way to preserve the [...]
Saving Money Is The Only Way To Stimulate The Economy
August 7th, 2012 · No Comments
Should you save money in a recession? The short answer is yes. Saving money while the country is in a recession is very difficult because I think that many people just don’t have the money. This is especially true if you are part of the rising number of unemployed individuals. The problem is that, without [...]
Investing With An Ace Up Your Sleeve
April 14th, 2012 · No Comments
I read once that something like 94 percent of all mutual fund managers under-perform the stock market. That figure seems to fluctuate a bit depending on whom you’re talking to. One thing seems to stay consistent with the percentage though – the implication that active investing is damn hard. It is. There’s a lot that [...]
Why Productive People Never Really Retire
February 26th, 2012 · No Comments
There are many people in this world who are obsessed with retirement. They’ve gone so far as to make plans for it. That school of thought goes something like this: …when I turn 65 (or 70), I want to stop working so that I can relax or do what I really want to do for [...]