Personal finance is a complicated subject, and the path to financial freedom littered with those who have given up somewhere along the way. At its root, money is simple. Everyone knows how to become wealthy. Make more money, spend less than you earn, get rich! It reminds me of the Underpants Gnomes from South Park with their brilliant business plan: Phase 1 – Collect … [Read more...] about The Simple Path to Financial Freedom
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401(k) Mistakes to Avoid
I have some bad news. Planning for retirement is a lot harder today than it was for our parents. Pensions are a thing of the past. But you probably already knew that. Less than 13% of employees currently participate in a pension plan, and that number keeps going down. But here’s the good news: the rise of 401(k)s and other retirement savings plans ultimately give you way … [Read more...] about 401(k) Mistakes to Avoid