Since the coronavirus pandemic, inflation has jumped from 2% to highs of over 8%. At the same time, the interest rates on savings in most banks have remained lower than 1%. If your savings are in a bank account somewhere, you’re automatically losing money. Saving money without a bank account is doable and has clear …
Saving Money Without a Bank Account [Better Alternatives] Read More »
Money is probably the most sought-after thing in the world. And there are many quotes and sayings regarding money that inspire us to save and achieve financial freedom. Some of the most interesting “save money” quotes are in Hindi too. If you want to save more money, read my article giving the four steps to …
Best “Save Money” Quotes in Hindi (+ English Translations) Read More »
Many people want to travel the world or have some travel goals, but very few people actually manage to save enough to fulfill their goals. On the other hand, some people actually manage to travel the world without saving for years. So, should you first save money or skip the wait and travel worldwide? While …
Saving money goes beyond just acquiring more wealth. While this is a worthy objective, the rationale for saving money often comes from a desire to reach a specific and tangible personal goal. Planning your finances is always a good idea, and your savings act as a safety net if the economy takes a downturn. Countries …
Why Do I Need To Save Money When They Can Print It? Read More »
The Fat FIRE movement is for people wanting to retire early with an above-average lifestyle. If you’re considering joining it, you’re probably wondering what’s the best way to start and progress without default. Here’s the short answer: Fat FIRE is having 25 times or more of your expected annual retirement expenses to cover an upscale …
Financial Independence, Retire Early (FIRE) is a movement that involves aggressive financial decisions. The movement aims to enable people to retire early so they can enjoy their lives without being limited by financial pressures. One of the initial decisions for FIRE enthusiasts considers is paying off their mortgages vs investing. Here’s the short answer: You …
FIRE Movement: Should You Pay Off the Mortgage or Invest? Read More »
Lean FIRE is the shortest route to financial independence and early retirement. It requires you to cut off wasteful spending to focus on necessities. With such an arrangement, it is easier to achieve your FIRE number sooner, but how much exactly do you need to Lean FIRE? Here’s the short answer: You need 25 times …
THIS Is How Much Money You Need To LEAN FIRE: (3-step guide) Read More »
Lean FIRE is a variant of the FIRE movement that offers a quick path to retirement through saving enough for long-term sustenance. Unlike full FIRE, Lean FIRE requires a much smaller portfolio, making it ideal for low and medium-income earners. To achieve Lean FIRE, you have to accumulate a portfolio that can support a frugal …
The Ultimate Guide To Achieve LEAN FIRE: (Step-by-Step) Read More »
As humans, we naturally want to figure out how we’re doing compared to other people. Today, I’ll calculate how much people on average save monthly, so that you can know how well you’re doing. Let me get straight to the point: The average monthly household saving in The U.S. is $404. The median monthly savings …
This Is How Much People Save Per Month, On Average: Read More »
There are several ways of estimating how much you should save per day. Most people go for a percentage of their income, which is fine and well, but in my opinion rather arbitrary. In this article, we’ll do it more thoroughly. Here’s the short answer: Generally, you should save 20% of your annual income. To …
