It’s important to know that you don’t have to agree with every single piece of financial advice you’re given. I know I don’t. I was reminded of this fact recently when I read an article on Daily Finance by Molly McCluskey from “The Motley Fool” entitled “5 Unconventional Ways to Squeeze Extra Cash Out of Your Budget”. I’m all for fresh ideas on ways to save money, especially if it can be shown to produce results. But although this article may have had its heart in the right place, some of the advice may be a little misleading. Let’s review each one and I’ll tell you why I felt this way. McCluskey’s Tips: 1. Rent, don't buy. Where to begin. Everyone knows you should never do a rent to own program for things that rapidly lose … [Read more...] about Ways to Squeeze Extra Cash – Sorta …
Daily Finance
Retiring on the One-Million Dollar Myth
I recently read an article on Daily Finance that posed the question of whether having one-million dollars was enough to retire. For many, one-million dollars is perceived as being the classic bench-mark of finally having enough money to retire as well as a symbolic goal for finally “being rich”. But as you can expect, the article posed several questions about whether retiring on one-million dollars had become a myth. Would it be enough to retire or stop working altogether? Where Does One-Million Dollars Get You? Perhaps it’s a sign of the times that our expenses have gotten out of control. Or maybe our society just simply “thinks” they need too much to live comfortably. Either way, we can explore this situation a little further. … [Read more...] about Retiring on the One-Million Dollar Myth
