I recently completed a half-marathon. My goal was to run the entire 13.1 miles and I am proud to say that I did it. The most amazing thing about the race was that the training was much more difficult than the actual race itself. I was a runner before training for this race but would [...]
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What is Investing? And How to Get Started After the Age of 30, 40 or 50…
What is investing? And, and how do you start at 30, 40 and 50? When my mother found herself at the age of 50 with medical bills and debt in the tens of thousands, she knew she had to make radical changes. At the age of 50 she had never asked herself the question, “What [...]
How Long Should You Invest In The Stock Market?
Many of us know that investing in stocks and mutual funds is a great way to build wealth. From January 1871 through December 2009, the Dow Jones Industrial Average averaged 10.5% growth each year. This time frame encompassed two world wars, a presidential resignation, The mid-’70s recession, the tech-stock bubble burst in 2000, the tragedy [...]
An Overview of Peer Lending
Peer lending, also known as peer – to – peer lending, is a new way of borrowing and lending money (investing) via social lending sites. It is also one of the most effective ways to improve your ability to borrow money if you do not qualify for traditional loans or credit cards from lenders. In [...]
Baby Boomers Retirement Poll Results | Are You Ready for Retirement?
Beginning this past January, more than 10,000 baby boomers a day will turn 65. This pattern will continue for the next 19 years. The Associated Press and LifeGoesStrong.com recently conducted a Baby Boomers retirement poll among those born between 1946 and 1965 to see how ready they were for retirement. The results were not pretty. [...]
How Spring Is Like Saving for Retirement
Ah, spring is finally here – at least in my part of the country. The birds are chirping and the flowers are blooming. Once the weather begins to get warmer, many start thinking about summer and want to lose weight to look good in their bathing suits. Why do so many wait until it gets [...]
How Much To Save For Retirement
I recently received an email from my company’s 401k plan manager asking me the question: “have you got enough cushion?” In other words, they were asking, based on the amount of money I’m contributing to retirement today, if it will be enough? Further into the note, their suggestion was to save as much as I [...]
Early Retirement Planning Lessons from a Snow Storm
As I am typing this, the snow has blanketed my yard and road. School has been closed for three days and our city is pretty much at a stand-still. I know for many, 8 inches of snow would not do much but, here in the South, this is like a blizzard. The storms came late [...]
Help a Reader: Max Out Retirement Savings or Pay Off the Mortgage?
This is a question received from a reader concerning whether or not she and her husband should max out their retirement accounts or pay off their home mortgage once credit cards are paid off and giving to the Lord’s work has been increased. My husband and I are both state employees and are vested in a [...]
Reasons to Open a Roth IRA for Retirement Investing
I’ve always known the Roth IRA to be a highly supported investment tool because of its tax free withdrawals and the flexibility in terms of investment choices. Besides these reasons, why should you open a Roth IRA? YahooFinance recently provided a number of advantages. Let’s take a look at a few of them. You’ll have greater flexibility [...]
Help a Reader: Pay Off Student Loan Debt or Save for Retirement?
Here’s a question which was recently submitted: My wife and I both completed Ph.D.s…..along with the degree came approximately $80,000 in school loans. Our income potential will be more later, but for numerous reasons, we only make $75,000 (combined) presently. We’ve noticed that both Crown and Ramsey suggest that we pay this school debt before we [...]
Is the Fed Putting your Retirement in Jeopardy?
This is a guest post from Tim Chen who is the founder and CEO of NerdWallet.com, a website that helps consumers to compare rewards credit cards. Tim also educates consumers about debt management and personal finance at the Forbes Moneybuilder Blog, the Huffington Post, and the U.S.News. As the national unemployment rate continues to hover around [...]
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One Money Design is a personal finance blog that exists to help people make progress along their journey to true financial freedom and become more generous with their time and money.
