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6 Extraordinary Habits Of Financially Healthy People – 90.9 KCBI FM kcbi.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kcbi.org Daily Mail and Mail on Sunday newspapers.
3 Lies That Teenagers Believe About Money – 90.9 KCBI FM kcbi.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kcbi.org Daily Mail and Mail on Sunday newspapers.
3 Things That Often Lead Parents Into Debt – 90.9 KCBI FM kcbi.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kcbi.org Daily Mail and Mail on Sunday newspapers.
You considered the neighborhood. You looked at the surrounding schools. It wasn’t perfect, but you knew that with some landscaping and shiplap, the house could turn into a home. So you did what everyone does. You took out a 30-year mortgage and bought it. Little did you know that what you did with that mortgage can make an incredible impact on your retirement, for better or worse. Retirement years are typically characterized by lower income. Therefore, the presence of a housing (mortgage or rent) payment can immediately consume a large portion of the lowered income. The presence of a housing payment greatly limits what you are able to do during retirement. But the absence of a housing payment provides great freedom. ....
Albert Einstein once said, “Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” Imagine this Jonny High Schooler was sixteen years old when he landed a summer job at the local grocery store. He worked hard and was able to save $2,000 during the summer months. Now, what did Jonny High Schooler do with this money? Did he spend it all going out to eat? No. Did he buy a bunch of new video games? Nope. What did he do? He put it into a retirement account and invested it. He did the same thing for the next two summers at ages seventeen and eighteen. Over three years, he put $6,000 into a retirement account and invested it. But that was it; he didn’t put any more money in there. ....