32 Best Jobs That Pay Weekly (and What They Pay Per Week)
Jobs that pay on a weekly basis are great because not only do they provide you with the money you need, but…
Read More… 32 Best Jobs That Pay Weekly (and What They Pay Per Week)
Jobs that pay on a weekly basis are great because not only do they provide you with the money you need, but…
Read More… 32 Best Jobs That Pay Weekly (and What They Pay Per Week)
Today, I want to introduce you to my friend Bobby Hoyt of Millennial Money Man and Facebook Ads For Bloggers. In just three years, Bobby has been able to earn over $750,000 in income from his blog, and I don’t see that slowing down anytime soon. Bobby is a former band director who left his […]
The post How One Blogger Grew His Blog to Over 2 Million Visitors In A Year appeared first on Making Sense Of Cents.
Every year I list my major goals for the upcoming year on this blog. It helps me stay accountable and makes me focus on creating awesome goals because I know thousands of people will be seeing them! I also go over the previous years’ goals and how I did. Every year I learn more and … Read more
I want to retire early with 1 million dollars. That statement has a nice ring to it, huh? I don’t think I’ve worked with a client yet that didn’t want to retire early, or wouldn’t be ecstatic if they had a $1 million portfolio. But as most of us already know, $1 million isn’t what […]
The post GF¢043: [Case Study] Can You Retire Early with Only 1 Million Dollars? appeared first on Good Financial Cents®.
Never missing out on an opportunity to put people first is the Lori Hagemann-Davis way. For Lori, her real estate business is about more than…
The post Leading the Way While Serving Others first appeared on Century 21®.
Itâs things like, creating a personal and customized experience, that keep the referrals coming to Todd Black. From very early on in his career, Todd…
The post Personalize the Experience first appeared on Century 21®.
If you look around on the street these days, you might get the impression that it is really, really difficult to stay in shape beyond the age of about 30. Sure, there are a few competitive athletes, movie stars and Navy SEALs around that still manage to keep in strong form, but if you are not […]
Show Summary Hey everyone, welcome back to the show! Today, I am going to talk about living a life of meaning and passion! I’ve changed a number of things in my business…
When I write about retirement and retirement planning, I frequently mention that I aim for my savings and investments to last another thirty years. So, for instance, when I use retirement calculators to determine how long my nest egg will last, I use 78 as my projected age of death. Several readers have written to ask how I arrived at this number.
For example, Richard wrote:
Iâm wondering why youâre only projecting out 30 years. Youâre only 48. Iâm 54 (and retired) and, in my projections and calculations, I go out 40 years. I probably donât need to plan out that far, but you never know. My last surviving grandparent died just a couple years ago at age 99.
This is a great question. In fact, I believe life expectancy is the most critical factor in determining how much money you need to save — and how much you can spend. Unfortunately, it’s also the variable that’s most difficult to calculate with any kind of precision.
When the mainstream media publishes an article about early retirement, the comments are filled with folks who say things like, “These people are cheap. I could never live like that. Besides, what if they drop dead tomorrow? Then what good is all of that money? YOLO!”
On the other hand, early retirement forums are filled with people who go to the opposite extreme. “OMG! I can’t believe you’re only expecting to live until age 90. What about modern medicine? What about gene therapy? What if you live to 108? Boy, then you’re going to be sorry you didn’t save more!”
Both sides make valid points.
Here’s the bottom line: If you knew when you were going to die, you could calculate how much money you’d need to get from now to then.
Pretend that next week Elon Musk announced he’d developed the Methuselah, a machine that can tell users the precise date and time of their death. It’s 100% accurate and somehow can even account for accidental death. When the Methuselah comes on the market, you try it just for kicks. It tells you that you’ll die on 06 November 2034. You have about seventeen years left to live.
Based on that information, you’d be able to calculate with great precision how much money you’d need in order to make it to your date of death. You’d know whether you need to continue working or could call it quits right now. You’d know whether you had enough saved to travel the world in luxury or if you needed to live a more meager existence.
Unfortunately — or fortunately, depending on your point of view — there isn’t a way to tell with any precision how much longer you have to live. Elon Musk hasn’t developed the Methuselah machine. (Yet.) All you can do is make an educated guess.
One basic way to estimate your time remaining is to consult an actuarial life table. The U.S. Social Security Administration, for instance, has a basic period life table that shows how much time the average person has left to live based on their current age. A 48-year-old man like me can expect to live another 31.32 years — until I’m 79.
My cohorts and I each have a 0.4167% chance of dying this year. Of 100,000 of us born in 1969, 93,759 are still alive.
Building and selling a website can be extremely profitable way to make money. This article will show how to build and sell a six figure website of your own!
The post How To Build And Sell A Website For Extra Money appeared first on Bible Money Matters and was written by Marc. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.