The Road to Being Rich: 7 Tips for Earning Extra Money While Working Full Time
In this age where real wages aren’t rising due to inflation, it’s becoming increasingly important to supplement your income with side hustles. And those who are willing to do what average people won’t do are the ones that are rewarded with above average results.
How He Achieved Financial Freedom by Smart Investing
The term Financial Freedom is often used interchangeably with Financial Independence. But to me, there’s a subtle difference– Financial Freedom is a step higher than being financially independent. That’s when you can splurge on first-class airline tickets as opposed to traveling in coach, where strangers might end-up snoring on your …
How She Finally Managed to Save for Her Family Vacation
The following is brought to you by Emma Lewis– a loving mother, a devoted wife and a part of the team supporting Spacer – the AirBnb of storage space. Emma is also a staunch supporter of the sharing economy and often mentions its benefits. She lives and works in the …
12 Jaw-Dropping Stats About Retirement
Below is a guest post from Archana Singh, a finance blogger from the Mystic Land of India. Archana works for one of the leading insurance and web aggregator in the country. Even if you don’t live there, you’ll quickly learn that retirement challenges are fundamentally the same; circumstances could devour …
Saving for Retirement or Paying Off Debts: The Dilemma
Whether to prioritize a retirement saving or pay off debt is a vital question to assess for people who are in debt. Some people think that paying off debt first makes sense. But what about the retirement? If you don’t save for your retirement, you may have to work for a longer time than an average retirement age.The dilemma is genuine.
On the other hand, the conventional wisdom says that people should start saving money for their retirement before paying off debts. Because, the sooner you start saving, the more time your money will get to grow.
If you have multiple debts with a higher interest rate, then the debts are costing you more money every day. Because it is a matter of assessing the interest rate that you are accumulating. You are actually losing money by paying the interest rate on the debts. You have to take initiative to pay them off to save money on the painful interest rate.