Personal Finance Archives - Page 6 of 6

10 Levels of Financial Independence And Early Retirement (How to Retire Early)

Financial Freedom, Financial Independence, Retirement / Steve Burns

In the FIRE movement (Financial Independence, Retire Early) there are 10 levels generally considered the journey from financial dependence to financial abundance. It can help psychologically to look at achieving financial independence as steps to new levels, one at a time. It is easier to focus on the next level than to see how far […]

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How Much Money You Need To Save By EVERY AGE

IRA, Personal Finance / Steve Burns

How much you need to have saved by age should be based on your own goals. The most common filter used for projecting how much you need to save is based on retirement, having enough money to draw from after you quit working a job. Historically this has been saving ten times your annual income

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All the Financial Advice You’ll Ever Need Fits on a Single Index Card

net worth, Personal Finance, Retirement, Wealth / Steve Burns

When University of Chicago professor Harold Pollack was interviewing Helaine Olen he said that “The financial advice most people actually need is common sense and simple enough that it would fit onto a 4-by-6 index card.” “I started getting emails saying, ‘Where’s the index card?’” Pollack explains. So even though it had more of a

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How To Manage Your Money (50/30/20 Rule)

Budgeting, net worth, Personal Finance, Wealth / Steve Burns

People that are financially successful tend to all use a budget to manage their monthly bills. Even the ones that don’t use a budget have the self discipline to control their spending within the parameters of what their income allows. A budget spends all of your monthly household income on paper before the month begins.

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Simple Steps to Financial Freedom

net worth, Personal Finance, Wealth / Steve Burns

Money doesn’t bring happiness in itself, it’s the time, freedom, and experiences money buys that brings happiness. Money can’t solve all your problems but it can solve all your money problems. Money doesn’t change you, it just amplifies who you already are. If you are greedy you will just be more greedy, if you are

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Average Net Worth By Age (Not What You Think)

net worth, Personal Finance, Wealth / Steve Burns

Net worth is calculated by the total value of every asset that an individual owns subtracted by all their liabilities. Net worth can vary greatly over someone’s lifetime based on where they are in their financial journey. College graduates can even start out with a negative net worth as they have a degree but no

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Dave Ramsey: You Only Need To Know These 5 Rules

Personal Finance / Steve Burns

I started listening to Dave Ramsey in 1992 on my local 99.7 FM radio station in Nashville, Tennessee when he first started in radio as the cohost of The Money Game with Roy Matlock. We are both from Antioch, TN and grew up in the same area, he is twelve years older than me with a

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