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Personal Finance

Personal Finance
Aug 14, 2024
What is the Average Retirement Savings (with real life examples)

Here’s a quick table to see how you’re faring: Age Average Retirement Savings Less than 35 $49,130 35- to 44-year-olds $141,520 45- to 54-year-olds $313,220 55- to 64-year-olds $537,560 65- to 74-year-olds $609,230 The average balance in retirement accounts by age, as of 2022 according to the Federal Reserve  Thinking about retirement savings can be […]

Personal Finance
Aug 23, 2024
How to Find All My Debts (simple guide + real life stories inside)

In this post, we’ll look at some concrete steps you can take to find out all the debt you owe and get a plan to pay it off. I’ll also share stories of two couples from my podcast who let their debt get out of hand so that you can learn from their mistakes as […]

Personal Finance
Sep 18, 2024
How Banks Make Money

Quick answer: banks lend you money and they charge interest on it. And fees, lots of it. For example, if you deposit $1,000, a bank pays you a small amount in interest to hold on to that money, then turns around and lends it out at a much higher percentage for a home loan. The […]

Personal Finance
Nov 12, 2024
Craigslist Rental Scams (4 scams that could wipe your savings)

Rental scams on Craigslist have evolved into sophisticated schemes that can cost unsuspecting renters hundreds or even thousands of dollars in losses. While Craigslist remains a valuable platform for finding your next home, understanding how to identify and avoid these scams has become essential for modern house hunters. In this article, we’ll examine four of […]