Miscellaneous Archives - I Will Teach You To Be Rich

Find out how much car you can afford with 20/4/10 rule

Knowing how much car you can afford is the first step to buying one. Also, water is wet. If you’re confused about how much you should spend, don’t worry. Just use this rule-of-thumb: Spend no more than 10% of your gross monthly income on your car expenses. That includes things like the car payment, interest, insurance, and even ...

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Why New Year’s resolutions fail

New Year’s resolutions are kind of like a drunk uncle. You know you shouldn’t take him too seriously … but you can’t help but laugh and play along when he comes around once a year. It’s become popular for people to make fun of New Year’s resolutions (they never work!) in an almost gleeful way (why ...

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When did you realize your money situation had changed?

The first time I remember my money situation really changing was when I got my first scholarship check for college. I realized if I could get one scholarship … I could get five … and then 10 … and then, pay my way through undergrad and grad school. That totally changed the way I thought about going to college and money. Other moments ...

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Average Retirement Savings: How 4 people invest for retirement

Knowing average retirement savings for your age can give you a good idea of how you stack up for your ride into the sunset. Check it out below. AGE AVERAGE RETIREMENT SAVINGS 32- to 37-year-olds $31,644 38- to 43-year-olds $67,270 44- to 49-year-olds $81,347 50- to 55-year-olds $124,831 56- to 61-year-olds $163,577 Economic Policy Institute ...

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Real estate investing: The myths, facts, and ways to get started

Real estate investing can be a great way to make a lot of money if you do your research and are prepared to devote a lot of time to your investments. However, it’s also a great way for investors to lose money. I believe that real estate is one of the most overrated investments in America, and very few ...

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The 5 best (and worst) frugal living tips we know

Everyone, I have a confession to make… ...I’ve been WRONG about ultra-frugality this whole time. That’s right. It turns out that ultra-frugal living tips — ones that’ll save you literally DOZENS of dollars every year — are the best solutions to your financial woes. Who do I have to thank for opening my eyes? Why, websites with listicles for ...