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a couple who just became financially independent

How to Become Financially Independent: In 3 Easy Steps

Congratulations! You’ve made the most critical step in the entire process – searching out how to become financially independent. In my book, I explain how I made several money mistakes over and over before finally making the decision that enough is enough. To be sure, achieving financial independence has to be a priority if you …

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Retired Folks celebrating achieving financial freedom

Shifting Generational Perspectives: Moving From Paycheck to Cashflow

It’s a strange experience when your kids start to outthink you. I remember vividly the first time it happened to me. When my daughter was about eight years old, she was at that age where she was starting to question whether Santa Claus was real. We were desperately trying to find out what she wanted …

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Retired Folks celebrating achieving financial freedom

10 Simple Ways To Save Extra Money For Retirement

Retirement is a major life event that needs to be financially planned for. Unfortunately, many people don’t believe that they have or will have enough saved. In a recent Financial Post article, they shared that nearly half of non-retired Canadians don’t believe that they will be able to live comfortably in retirement. In another research …

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a happy retired couple who saved for their retirement

21 Ways to Save For Retirement If You Think Social Security Will Fail

Social Security has not been adequately funded for years, and there is no plan to fix it. This presents a difficult situation for the next generation of retirees – how can they be prepared financially when they can’t rely on social security?  In the face of mounting evidence that Social Security will not be around …

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a retired couple at the beach thanks to their practical money skills

16 Practical Money Skills to Master Before Retirement

Everyone wants to enjoy a comfortable retirement, but unfortunately, this goal feels out of reach for most people. Individuals approaching retirement can increase their chances of financial stability by working to master practical money skills that will be essential once the working years are in the rearview mirror.  According to a study from early 2021, …

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investments to avoid in retirement

Top 16 Investments To Avoid In Retirement

Investors nearing retirement have different needs than investors with many years remaining in the workforce. Retiring means losing the regular paycheck from work, and as a result, replacing that income is a key consideration. There are many investments that appeal to retirement investors, such as purchasing quality dividend stocks like the Dividend Aristocrats. But there …

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mlp results

How To Invest In The S&P 500 – Everything You Need to Begin

Are you wondering how to invest in S&P 500 companies? The S&P 500 Index comprises 505 common stocks issued by 500 companies traded on American stock exchanges. Indeed, some companies (I.e., Alphabet) have more than one class of shares, and as a result, more than one class gets included.   The S&P 500 index comprises 500 …

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Should You Pay Off Debt or Save For Retirement?

Are you in a situation and wonder whether to pay off debt or save for retirement? If so, this article is for you. Being able to retire means having enough passive income to cover your monthly expenses. Since debt payments eat into your monthly surplus, paying off debt is as essential as saving for retirement. …

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