Ratcheting up retirement contributions on a regular basis is one of the easiest ways to build wealth, and timing an increased savings rate with a raise or bonus is a relatively painless way to do so....
Financial Literacy Is a Lasting Legacy
Financial literacy involves understanding fundamental financial concepts, such as compound interest, the time value of money, the use of consumer credit, diversification, tax-preferred savings vehicles, consumer rights, and more. Having this knowledge supports our ability to make prudent financial decisions throughout life and to respond competently and confidently to the inevitable financial uncertainties that we all face....
To Your Health
Savings vs. Investing – Which is More Important?
Passing along this excellent article by Charlie Bilello. In it, he makes the case as to why focusing on saving is a far more powerful way to secure your financial future than investing. Though both are important to achieving your personal finance goals, for one thing, your personal savings rate is much more under your own control...