Browsing Tag

retirement

Prosper

A Side Hustle Could Be Your Best Investment

You can always find statistics that show our collective financial pains…unemployment rates, low minimum wage, can’t afford to retire, many people have less than $1,000 in savings, at a time when the average indebted household owes more than $16,000 on credit cards etc etc. The merry-go-round of depressing news never ends. But, what should we do? Lay down and die? Could a Side Hustle Be Your Best Investment Yet? Why settle for only your salary if you could earn more…

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Prosper

The 5 People Who Determine Your Income

You are always the average of the 5 people you spend the most time with. The late Jim Rohn said “If I wanted to find out how much income you earned, all I had to do was take the average income of your five closest friends and that would be your income!” At first, I refused to believe it was true. But the more I thought about it, & paid attention to people, I saw it was! Birds of a feather flock…

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Prosper

Start Your Life

Are you on the list of people concerned they won’t have a sizable enough nest egg to retire? Many people state they would like to stop working for good and “fully retire” someday, “but will not be able to afford to,” a new survey from TD Ameritrade, an online broker based in Omaha, found. Other retirement findings: 43% say “they are behind” in their savings. Half (49%) are “worried about running out of money” once they leave the workforce. Nearly two…

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Retirement Income Planning

It is somewhat humorous that 34% of the populace look at winning the lottery in order to have a grand retirement. Can you afford to retire? Retirement Planning survey from BMO Financial Group, March 2014 • CPP (gvnmt pension): 90% • RRSPs: 88% • Part-time job: 59% • Sell home: 49% • Win lottery: 34% Who is really looking forward to their retirement years? Retirement is the time in life when we put away the work boots & enjoy life…

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What’s Your Money Style?

Most of us start our money making as an employee…responsible to a manager, & trading hours of our time for dollars. Most of us remain with this style of money. Some of us, as I did, enter the world of the self employed or small business. Here we find out about tax breaks we weren’t allowed as employees.. but we are still in the “hours for dollars” money style. Show up, or no money. Musicians, Doctors, Lawyers, hairdressers, landscapers, etc all have to…

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Prosper

How’s Saving Working Out?

Check out this Royal Bank of Canada suggestion if you “need income”. Placard they had set out on the sidewalk by their bank so I took the photo below!!! Ha ha. Let’s pretend you wanted a bit more income than $410.89 per month, or during retirement…how about a modest $3000.00/month so you could live somewhere other than on a park bench! That will require about 8x the photo suggested bank savings to generate, so $800,000.00 in the bank. If you…

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