What is your rich life

Personal Finance

Personal Finance
Jun 14, 2024
What Is Strategic Asset Allocation? Definition + Allocation Strategies

Strategic asset allocation is the practice of setting a goal for each of your asset classes (e.g., stocks, bonds, cash), and rebalancing it every year as you realize earnings on your investments. This is a great tactic if you want to: Focus on long-term financial goals Enjoy a hands-off approach to your portfolio and not wring your […]

Personal Finance
Aug 08, 2024
20 Ways to Make Money on the Side (by Netflix’s “How to Get Rich” host, Ramit Sethi)

Whether you’re saving for a big purchase, paying off debt, or just want some extra cash for fun, side hustles are a great way to help you reach your financial goals. In this post, we’ll explore practical ideas both online and offline, no matter your skills or schedule. Online Ways To Make Money On The […]

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 […]