Experts say that you would probably need around 70% to 80% of your annual pre-retirement household income to retire comfortably. The retirement goal is a moving target because you just never know what you're going to do. Below are the two factors that you need to consider when determining your retirement goals: Personal Factors Your household expenses When you retire, you … [Read more...] about Determining How Much You Need for Retirement
Investments
Why It Makes Financial Sense To Buy A House
Home ownership will always be a dream for majority of us. We seem to associate home ownership with the standard of living. Thus, some of us would feel a sense of  improvement on our living status after we bought the house. We also feel that we have a sense of financial security knowing that we own something of value. Of course, you don't totally own it yet because more than … [Read more...] about Why It Makes Financial Sense To Buy A House
Some Valuable Tips We Used When We Establish Our Emergency Fund
On my previous post, Why you need to establish an emergency fund, we've discussed the reasons why. Well, this time let's discuss what are the important things to consider when establishing one. Below are some of the valuable tips that my wife and I followed when we establish our own emergency fund: How much to save I work both in healthcare and accounting field, both are so … [Read more...] about Some Valuable Tips We Used When We Establish Our Emergency Fund
Why You Need To Establish An Emergency Fund
Remember the times when our parents used to tell us, you need to save for the rainy day! The big question is, "Have you been following that advice?" Well, sometimes it is easier said than done especially if we have to consider all the other expenses and savings such as retirement and kids education. But you know what, we really need to include saving for an emergency fund as … [Read more...] about Why You Need To Establish An Emergency Fund
Financing Options for Your Home-Based or Small Business
While most of home businesses require a very low start-up cost, there are still a lot of home based businesses that require some start-up capital to use for working capital and to purchase inventory and equipment. Most people would start with their own personal savings. However, the problem starts when your savings are not enough or you may not have any savings at all but you … [Read more...] about Financing Options for Your Home-Based or Small Business