Connect with us

Hi, what are you looking for?

Career

Best Tips For A Rich Life

Getting rich quick is plain unrealistic. According to the Federal Reserve, about 50% of Americans do not have enough money to cover a $400 emergency. To help you skirt this problem, finance expert David Bach offers these two simple tips:

SAVE. Pay yourself first automatically. Save one hour a day of your income and put it into your 401k plan or an IRA account.

INVEST. Set up a systematic investment plan. It’s never too late. If a 50-year-old begins saving $20 a day at a 10% rate of return, within 15 years he or she will have saved $248,682.

Following these tips won’t get you rich quick, but they will surely help you live a rich life.

You May Also Like

News

In the past year, Peloton, manufacturers of stationary exercise bicycles and treadmills, has been experiencing some severe financial difficulties. The company went through a...

News

While the ongoing supply chain problems affecting the global economy have had the expected effects, they’ve also had some decidedly unexpected effects. Specifically, many...

News

As gas prices continue to rise and consumer confidence drops, not to mention the ongoing war in Ukraine, the European economy is taking a...

News

As the environmental need for electric vehicles becomes more pressing, and the car-buying public becomes more eager for them, automotive manufacturers are getting ready...

News

This morning, Coinbase CEO Brian Armstrong sent a mass email out to his company informing everyone that, as stock and crypto prices slip and...

News

Last week, a former cybersecurity expert for Twitter, Peiter “Mudge” Zatko, released a whistleblower report on the social platform. In his report, Zatko cited...

News

Zelle is a peer-to-peer payment app and service that can be used by individuals to send and receive money, in a similar vein to...

News

Earlier this week, following the third-term victory of Chinese President Xi Jinping, market shares in Hong Kong experienced a sudden, violent sell-off. Xi’s controversial...