The Pareto Principle is one of the most popular economic ideas of all time. Also known as the “80/20 rule,” this principle arose from Vilfredo Pareto realizing that 80% of the land in Italy was owned by 20% of the people (in 1896). Richard Koch further broke down the 80/20 rule in his famous book […]
Should You Retire While in Debt?
To many, this question may seem to have a simple answer. Well, as with most financial topics, there is more to this than what meets the eye. Retiring with debt has always been a sore topic, as consistent credit card and mortgage bills have made it difficult for many to survive on a fixed income […]
How To Start Saving For Retirement In Your 40s
Retirement savings should begin the moment you start earning income. The more time your money has to earn interest, the larger your nest egg will be. But what if you’re a late bloomer? What if you’re 40 and just getting started? Here are three steps to follow if you’re getting a late start on saving […]
Why Does Everyone Need An Emergency Fund
Most of us know by now that the average American is not saving enough money. But a recent survey by Bankrate.com shows that it might be worse than we imagined. Their survey last month points to a major problem for many American adults: Nearly 25% have virtually no money saved in an Emergency Fund. Over […]