Tag: savings rate
Saving & Investing 103: What is Your Investment Philosophy?
Once you get past all the mindset quirks of saving and investing, you will need to formulate an investing philosophy. Your philosophy will lead to your strategy, which will be your rock during tough times. Everyone’s philosophy is different, so understanding yours is paramount. Welcome back to the Saving & Investing 101 series (101, 102),…
Saving is Defense: Investing is Offense
Do you know the difference between saving and investing? What is the difference between having $100,000 in a high-yield savings account (HYSA) and $100,000 in an income investing portfolio? Once they get out of credit card debt, most people become savers. Saving comes naturally because you have complete control of your money—there are no risks.…
Increase Your Savings Rate: It Determines When You Can Retire
How fast do you want to retire? Do you genuinely want to work until the full retirement age of 66? I know I don’t want to work for another 25 years. But what is the best way to retire early? We all hear terms like Financial Independence Retire Early (or F.I.R.E.), but what does that…
