Investing in rental properties is a tried-and-tested way to earn passive income on a regular basis. It can be risky to depend on a single income source, regardless of your age. By investing in residential or commercial real estate properties you not only supplement your main source of income but also build long-term wealth through […]
In order to retire, you need to have a retirement fund with enough money to last you throughout retirement. If your retirement fund is lacking, you may find yourself semi-retired, working part-time in elderly age, or leaving retirement to work full-time again. But you may have the answers to your retirement issues without knowing it. […]
Most electricity today is provided by burning oil and coal. Yet the world is preparing for the eventual phasing out of fossil fuels and the gradual implementation of eco-friendly renewable energy. Climate activist Greta Thunberg’s resounding UN speech could hasten the day when politicians must act. However, during the gap between the decline of fossil […]
American consumers have a patriotic mindset that supersedes even bargain hunting. About 8 out of 10 Americans prefer buying American made products over imports. More than 60% of Americans would pay 10% more for American brands. What’s more American than Good Humor? Harry Burt conceptualized the chocolate-coated ice cream bar on a stick in 1920, […]
The effects of retiring without a clear and suitable retirement plan can be disastrous, as borne out by the fact that Americans are filing for bankruptcy in ever-increasing numbers. Since 1991, the number of individuals filing for bankruptcy has doubled in the age group of 65 and above. After working hard all your life and […]
Workers in their 50s and 60s are facing the prospect of getting laid off just before the retirement door is about to open in front of them. According to a recent study at the Urban Institute and ProPublica, more than half of workers find themselves up against this new challenge after age 50. The research […]
Warren Buffett’s Berkshire Hathaway has steadily been buying up more shares of Amazon. Berkshire recently increased its stake in the e-commerce tech giant by 11%, the company revealed in a recent government filing. As of the second quarter, Berkshire’s holdings of Amazon were worth $947 million. Buffet originally announced his first Amazon investment in May. […]
Life insurance is like a parachute. There are no second chances if you need it and don’t have it. But life situations and finances change all of the time. Here are four reasons why you should cancel or downgrade life insurance coverage. Divorce The average middle-aged American pays anywhere between $60 to $80 monthly for […]
The first rule of financial planning is that you need to have an emergency cash reserve which is sufficient to cover your living expenses for at least three to six months. At the same time, there is no need for you to park your funds in a savings account which offers negligible returns, and that’s […]
Forced retirement is a problem many folks are grappling with these days. Around 37% of retirees in the country leave work earlier than they had expected, typically due to health problems, layoffs, shutdowns and cutbacks. Many forced to retire early struggle with their day-to-day expenses as a result of losing their only source of income. […]
