Building credit is a necessary and challenging part of becoming an adult in the US, and throughout the developed world. We’ve talked before here at Wealthtender about how you shouldn’t use your credit score as an excuse to take on debt, but you have to build it somehow. Here are a few safe and simple […]
You’ve probably heard that it’s never too early to start saving for retirement, but is that really true? Should we really be focussed on retirement planning in our early 20s? Should the very beginning of our working life be when we start planning for the end of it? The answer, like the answers to many […]
“When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each,” said Tim Gurner on “60 Minutes” a while back. His comments, appearing to deride millennials’ financial habits, caused quite a stir. While nobody would argue that eating out is the most efficient way […]
If you believe the hype, millennials will never be able to buy homes. The boomers think it’s because they consume too much avocado toast and designer coffee, but millennials will point out that the reasons are less personal and more systemic. The median price of a home in the U.S. in 1950 was $7,354. The […]
Millennials were born between 1980 and 1996, meaning in 2022, millennials are 26 to 42 years old. If we imagine retiring at age 65, that gives us 23 to 39 years to save for retirement. Investing and saving for retirement is one of those things where a little goes a long way. What I mean […]
I’m not an advocate of “get rich quick” ideas. There are tons of guru’s who will promise to teach you “their way” to get rich quick. It may work for some but to me, the best way to build wealth and keep wealth is a slow, boring process that requires discipline through good times and bad.
For most homeowners, the biggest financial obligation is their mortgage payments. It’s not only the largest payment, and the largest total amount, but it’s also the largest thing someone depends on. It represents your home. The place you and your family live. It might have also become your new office over the past year. It […]
There’s a phrase in the financial world that you may have heard it before: ‘the best time to start investing is when you’re young, the second best time is right now’. It refers to the power of compound interest, and the benefit of having time on your side. The earlier you start, the more benefit […]
I believe there are a lot of benefits to being a homeowner—having a space to call your own, being able to make changes so it becomes exactly what you envision, and building up equity in your home over the years. These are just some of the advantages that come to mind, and there are so […]