Finance Tips: Why You Should Stop Trading Time for Money

Posted by Madison on June 3, 2015

My favorite personal finance book is Your Money or Your Life: Transforming Your Relationship with Money and Achieving Financial Independence by Joe Dominguez and Vicki Robin. Even though I read it over a decade ago (and my copy is over 20 years old!), it is still my favorite!

This week our finance tips feature topics that make you reexamine tradeoffs like time and money.

Featured Finance Tip

Why Your Financial Goal Should Be to Stop Trading Time for Money – Any topic that highlights attaining financial independence when you stop trading time for money is worth a read. – Afford Anything via Lifehacker

Finance Tips

One-Third of Plan Participants are Giving Away Free Money … Are You? -Vanguard reports more than one-third of people using their retirement plan are not getting the full match!- Ed Slott and Company, LLC

Young people who want to have a lot of money in retirement better understand this chart – Take a look at the chart. The person who started saving at age 25 doesn’t just end up with more… “The amount he has saved is astronomically larger.” – Business Insider

Retiree Portfolio Model – A downloadable Excel spreadsheet which models portfolio accounts, retirement income, expenses and taxes over a selectable period of up to 40 years. -Bogleheads

Map: Where it’s cheaper to buy than rent – In most places it’s cheaper to buy than rent, but not in some cities. -Washington Post

How Much Money Would you Need to Live off Dividend Income? – A free dividend analysis tool to help you answer the question. -Young Adult Money

More Finance Tips on Your Time and Money




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