You’d Think $3 Million Means Financial Freedom… Think Again
Most people would probably be thrilled to reach the age of 50 with $3 million and a $1 million house. But this Reddit poster is having doubts about how well they are actually doing.…
Personal Finance
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What Should I Do With $20,000 in an Uncertain Market?
It’s easy to want to flee stocks now that the post-Liberation Day losses have been recouped and investors are growing more excited about the potential for the S&P 500 to hit new highs again.…
Real estate is the most common and most lucrative side hustle – is now the time to jump in?
Whether it’s for extra income or to set yourself up for a new career, many people are taking advantage of the side hustle era. According to multiple reports, roughly half of all millennials and…
I’m 65 with $2.5 million stashed in a 401(k) – is it time to stop contributing and avoid a tax nightmare down the road?
Long a prime topic among those who are in their middle age and later years, retirement account nest eggs and taxes are the positive and negative forces that plague anyone who has taken the…
An Urgent Plea: 4 Fundamental Reasons to Embrace Credit Card Usage
Recently, a Reddit user posted an urgent plea in the form of a thread in the personal finance subreddit. The poster was urging people to use credit cards as, he explained, he had encountered…
My Brother Wants to Finance an RV to Escape High Rent – Am I Wrong to Think It’s a Terrible Idea?
Lifestyles, dreams, and ambitions are going to differ from person to person, sometimes greatly. Some retirement plans and lifestyle choices seem absurd to some, while others find them smart. And, of course, the difference…
At almost 40 years old, we have $3.5 million and could hit $10 million by 50 – but how do people scale to $50 million?
A Reddit user is 38 years old with a net worth of $3.5 million and two very young children. The poster said that it took him and his wife 10 years of saving and…
Did I Make a Mistake by Selling My Apple and NVIDIA Stocks During the Dip – Here’s How I Managed My Portfolio
Investing isn’t easy. You have to buy good stocks and stay committed to those investments amid market volatility and uncertainty. One Redditor recently posted about buying the dip in the Dividends subreddit. This individual…
Can Adding Children to Your Credit Card Boost Their Future Credit Scores?
A Reddit user is trying to help his teenage children start earning a good credit score so they get started on the right financial path. The poster wanted to know if adding his kids…
Should I Start a Roth IRA from $0 or Keep Contributing to My 401k at Age 42?
A Reddit user is trying to decide what to do with his retirement funds. He has never contributed to a Roth IRA, but has been investing 14% of his income into his workplace 401(k)…
I Got Fired – Should I Roll My $600k 401k to an IRA or Keep It with Principal?
A Reddit user is trying to decide what to do with his $600,000 in 401(k) funds after leaving his job. It’s a large sum of money, so the poster will want to think carefully…
Debit Card Loyalist Asks: Is a Credit Card Truly Superior for Purchases Over $20?
The debate over debit cards versus credit cards seems to be never-ending. Advocates of both sides love to get into the weeds about which one is the best choice if you want to avoid…
What Happens to a 401k When You Die? – Insight Needed After My Sister-in-Law’s Passing
The sudden and unforeseen death of a relative loved one is a tragic event. When family survivors undertake the process of clearing up estate matters of the deceased, retirement accounts have a protocol for…
Is my $5 million net worth enough to actually retire?
For everyone who lives or aspires to achieve financial independence and retire early in the “FIRE” movement, you must set a target net worth number. The goal is that once you hit this number,…
When Can I Stop Saving and Start Living My Dream Life?
A Reddit poster is wondering when he can stop focusing so much on savings and start living his dream life. But, he’s not sure how to decide when he’s hit the point where he’s…