Freelancing has become one of the most popular ways to make a living in your own time, according to your own rules. But with the rising costs of living in the US, it’s becoming harder for freelancers to offset their expenses. Marketplace highlights that consumer prices jumped 9.1% in 2021, the highest it ever has …
How Forming an LLC Will Save Freelancers Money in the Long Run? Read More »
For most people, $400 isn’t life-changing money. But $400 a month, consistently, can be. Whether you’re saving for a vacation, a new car, retirement, or just to build up an emergency fund, $400 a month can be the difference between success and failure. Let me get straight to the point: To save $400 a month, …
Few people manage to save half of their income. But those who do, and stick with it over, are sure to be rewarded for it in the end. But just how good is it? How much better is it to save 50% rather than the average savings rate? Here’s the short answer: Yes, saving 50% …
Saving a quarter of your income is challenging, but doable. But is saving 25% good enough? Should you aim higher? Here’s the short answer: Yes, saving 25% of your income is good. It is five times better than the American average savings rate of 5%. Given a median income, saving 25% of that equals $14,153 …
Becoming rich is just a matter of accumulating enough assets, but can you get there through saving? No, saving money can not make you rich. You need to invest your money. The reason is that savings grow linearly while investments grow exponentially due to compound interest. I’ll give you a bunch of examples and charts …
Canceling Netflix will not make you rich. Dropping the occasional Starbucks coffee will not save your finances. In this article, I’ll give you a fast, no-BS way to consistently save a lot of money. Here’s the short answer: To save a lot of money fast, concentrate on housing, transportation, insurance and food. On average, these …
In this article, I’ll give you a list of calculations showing how much different sums saved weekly will turn into after one year. I’ll provide 52 different examples of weekly sums saved for a year. Oh, and if you’re a weekly saver, consider this cool challenge: Save the same amount of dollars as the week you’re in. …
If I Save X Per Week, How Much Will It Be In A Year? Read More »
Ever wondered how what a monthly savings plan will turn into after ten years? In this article, I’ll show you 46 different examples! I’ll show you how much saving different sums a month for ten years turns into, and also what it turns into if you invest that same amount for ten years (assuming a …
If You Save/Invest X Per Month, How Much Will It Be In 10 Years? Read More »
In this article, I’ll give you a list of calculations showing how much different sums saved monthly will turn into after one year. I’ll divide it into five lists, as shown in the table of contents: Suggested reading: How Much Should YOU Save Per Year? (Examples and Charts) Suggested reading: The 4 Steps To Save …
If I Save X Per Month, How Much Will It Be In A Year? Read More »
Saving anything more than 10% of your income is better than 2/3 of Americans. Saving as much as 30% of your income will put you leaps and bounds ahead. In today’s article, I’m looking at just how good saving 30% is, and where you’ll end up if you stick with it. Here’s the short answer: …
