Financial Security
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Real Estate Is The New Retirement | RICH BROWN | TEDxHartford
TEDx Talks· 2025-12-19 16:34
I want to be rich. You know, private plane rich. An apartment in New York, a villa in Jamaica, a cheree in Paris, a house in Aspen rich, a luxury car for every day of the week rich.It's called FU money. You know, forget about it money. In all actuality, I want what we all want to live comfortably, travel on occasion, spend time with those we love, and spend less time worrying about finances.To find this kind of rich and to get the financial security we seek without hitting the lottery, we got to think about ...
‘The stress at my job is getting worse every day’: I’m 61, earn $177K, and have a 401(k) with $965K. Do I retire and downsize?
Yahoo Finance· 2025-12-13 20:37
Core Insights - The individual expresses concern about workplace stress due to rapid changes and a perceived superiority attitude among colleagues [1] - Financially, the individual has a substantial retirement savings of $956,000 in a 401(k) and $190,000 in stocks, with an annual income of $177,000 [2] - The individual is contemplating downsizing or relocating to be closer to family, which could alleviate mortgage burdens and enhance social connections [4] Financial Situation - The individual has a total of $1,146,000 in retirement savings and investments, with plans to live on $65,000 annually post-retirement [2][3] - There is significant equity of $450,000 in the current home, which could be leveraged if downsizing or moving occurs [4] - Concerns about future healthcare costs are highlighted, especially given family history with health issues [3][4] Lifestyle Considerations - The individual desires a low-maintenance lifestyle that allows for volunteering and travel, rather than a high-spending lifestyle [5] - There is a strong aversion to ending up in a nursing home, reflecting a desire for independence and quality of life in retirement [5] - The individual is weighing the emotional benefits of being near family against the comfort of their current living situation [3][4]
Author David Bach reveals how you become a millionaire
Yahoo Finance· 2025-12-13 16:02
Core Insights - The premise of "The Automatic Millionaire" remains that wealth and financial security can be built on an ordinary income, emphasizing that extraordinary income does not guarantee financial success [1] - The concept of "paying yourself first" is highlighted, suggesting that saving 12.5% of gross income is essential for wealth accumulation [2] - The relevance of the "latte factor" has increased, with daily savings from small expenditures now estimated at $27, indicating a greater impact on financial health [2] - Home ownership is deemed essential for wealth building, with a strong disagreement against the notion that renting is cheaper than owning [3][5] - Real estate prices have quadrupled over the past 20 years, reinforcing the importance of local market conditions in real estate investment [4] - The number of millionaires has significantly increased from around 8 million to over 24 million, with projections indicating this number could double in the next decade [7]
X @Investopedia
Investopedia· 2025-12-13 01:00
Learn how to assess savings, manage cash flow, and explore part-time work and health coverage options to stay financially secure. https://t.co/UgsMo4o75c ...